Providencia Pays Out Dividends on 100% of H1 2013 Calculation Base
OREANDA-NEWS. At a Meeting of the Board of Directors of Companhia Providencia Industria e Comercio held on September 17, 2013, approval was granted for the distribution of interim dividends to the shareholders in the amount of BRL 17,945,881.10 (seventeen million, nine hundred and forty-five thousand, eight hundred and eighty-one Reais and ten centavos), which corresponds to 100% of the dividend calculation base for the 1st Half 2013. This calculation basis is equivalent to the net income for the 1st half of 2013 of BRL 13.3 million, less the legal reserve, BRL 0.7 million, plus the realization of the deemed cost of BRL 5.1 million and to the reverse of the stock options, BRL 0.2 million.
The value of 17,945,881.10 (seventeen million, nine hundred and forty-five thousand, eight hundred and eighty-one Reais and ten centavos), corresponding to BRL 0.22425951 per common share, shall be paid through the intermediary of Banco Bradesco S.A, becoming ex-dividend on November 14 2013 with payout to take place on November 25 2013, without retention of withholding tax and without monetary restatement or interest pursuant to Article 205 of the Corporate Law.
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