Dividends and Interest on Equity
Feb 13, 2012
OTC Disclosure News Service
Barueri, SP, Brazil –
Publicly-Held Company – Corporate Taxpayer’s ID no. 01.027.058/0001-91
Notice to Shareholders
Distribution of Dividends and Interest on Equity
Cielo S.A. (“Company”) (BOVESPA: CIEL3 / OTC: CIOXY) announces to its shareholders that the in a meeting held on February 8, 2012, the Board of Directors ad referendum of the General Meeting to be held on April 20, 2012, approved the distribution of the remaining net income balance for the 2011 fiscal year, added to the distribution on September 30, 2011, corresponding to a total distribution of 70% of the total income for the year, after constitution of legal reserve of 20% (twenty percent) of the Company’s capital stock.
The remuneration will be distributed as dividends and interest on equity, which will be paid to the shareholders in accordance to their holdings in the Company’s capital stock, in the total amount of R$666,217,344.82 (six hundred sixty-six million, two hundred seventeen thousand, three hundred forty-four reais and eighty-two centavos), of which R$7,577,662.50 (seven million, five hundred seventy-seven thousand, six hundred sixty-two reais and fifty centavos) will be distributed as interest on equity subject to withholding income tax. The amount of R$658,639,682.32 (six hundred fifty-eight million, six hundred thirty-nine thousand, six hundred eighty-two reais and thirty two centavos) will be distributed as dividends and shares held in treasury are not entitled to remuneration. The given amounts for each share are estimated and subject to change due to the sale of shares held in treasury related to the exercise of stock option grants under the Company’s Stock Option Plan.
a) Amount per share of dividends: R$1.209557997
b) Gross amount per share of interest on equity: R$0.013915989
c) Net amount per share of interest on equity (net of income tax withheld at a rate of 15%, as applicable): R$0.011828590
Remuneration will be paid to the shareholders on March 30, 2012, based on the shareholding position as of March 15, 2012, and the Company’s shares will be traded ex-rights as of March 16, 2012. Payment will be made by the shares’ depositary institution – Banco Bradesco S.A. (“Banco Bradesco”), by automatic credit for accountholders and shareholders who have informed their Individual/Corporate Taxpayer ID and respective bank account to Banco Bradesco. Shareholders who have not yet done so should go to a Bradesco branch to update their registration information. Shareholders with stock under custody at the BMF BOVESPA S.A. – Bolsa de Valores, Mercadorias e Futuros, will receive their due remuneration from their custody agents, and shareholders with ADRs will receive their remuneration from Deutsche Bank Trust Company Americas, the contracted depositary institution.
Barueri, February 8, 2012
CLOVIS POGGETTI JUNIOR
Chief Financial and Investor Relations Officer
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.