World Footwear


Grendene announces first interim dividends of 2019

Apr 26, 2019 Brazil
Grendene announces first interim dividends of 2019
In today's notice to shareholders Grendene informed that the Board of Directors will propose the Ordinary General Meeting the 1st distribution of dividends
The Board of Directors gathered at the meeting held yesterday decided “ad referendum” that it will propose to the Ordinary General Meeting that will examine the balance sheet and financial statements for the 2019 financial year, the 1st distribution of dividends. The total amounts to 36 765 755.22 Brazilian reais  (thirty-six million, seven hundred and sixty-five thousand, seven hundred and fifty-five reais and twenty two cents), something around 8.4 million euros*.

The shareholders of common shares will receive an interim dividend of 0.040753032 Brazilian reais per share, referring to the period up to the 31st of March 2019, that will be paid from the 22nd of May onwardsd, without remuneration or monetary restatement and no withdrawal tax will be imposed on the dividend.

Shareholders whose names were registered with the company on the 9th of May 2019 will have the right to receive the interim dividends. The Company’s shares will be traded ex-dividend from the 10th of May 2019 on the B3 S.A. – Brasil, Bolsa, Balcão.

Shareholders will have their credits available on the date of the start of the payment of this right, in accordance with their current account and bank domicile supplied to Banco Itaú Unibanco S.A., the depositary institution of the shares of this Company, and those who hold the shares held in custody at B3 will have their credits transferred by the respective custodian agents, as of the date of the start of payment. Shareholders with outdated registrations that do not contain the CPF or CNPJ number or bank credit option will have their credits deposited after the cadastral regularization, which may be done at any branch of Itaú Unibanco S.A.

*Currency exchange as of the 26th of April of 2019: 1 Brazilian Real = 0.23 Euro

 Photo by Michael Longmire on Unspla

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