BANCO PINE S.A. Publicly-held Company
Corporate Taxpayers' ID (CNPJ) 62.144.175/0001-20
PAYMENT OF INTEREST ON OWN CAPITAL FOR 2016 PAYMENT FOR THE SECOND QUARTER OF 2016The Board of Directors of Pine approved on June 30th, 2016, as proposed by the Executive Board of the Company on the same date:
The Payment of Interest on Own Capital ("Quarterly Interest") related to the second quarter of 2016, in the total gross amount of R$ 7,000,000.00 will be held on July 15th, 2016.
We inform that payment of interest on own capital is subject to Income Tax at the rate of 15%, except in case of shareholders who are in any way fully or partially exempted from said tax.
Shareholders of Pine will be entitled to receive the amount per common and preferred share as shown in the table below:
Type of Share
Gross Interest on Own Capital (R$)
Common and Preferred
0.0600336077
The above mentioned amounts will be paid as follows:
Shareholders will be credited on the initial interest on own capital/dividends payment date, pursuant to their bank account details supplied to Itaú Corretora de Valores S.A., the depository institution for the shares.
Payment relating to shares in the custody of the CBLC (Brazilian Clearing and Depository Corporation) will be credited to that institution and transferred to the respective shareholders by the DEPOSITING BROKERS.
The payment will occur through the Share Depositary Institution (Itaú Corretora de Valores S.A.) by automatic credit for those who have informed their bank account. The dividends of shareholders who have not informed the Individual or Corporate Taxpayer's Registries (CPF/CNPJ) or their account information should personally update their information at any Banco Itaú S.A. branch or by letter sent to the Unidade de Processamento e Serviços para Corporações - Rua Ururaí, 111 - Térreo - Prédio B - Tatuapé, CEP 03084-010 - São Paulo - SP - Brazil. The payment will only be made after said information has been duly entered into said Bank's electronic files and it will be credited as of the fourth business day counted from the date of solicitation
June 30th, 2016 will be considered as 'record date', the base date for determining the right to receive interest on own capital proposed to be paid on July 15th, 2016. The Bank's shares will be traded ex-rights to dividends and interest on own capital from July 1st, 2016, on.
São Paulo, Brazil, June 30th, 2016
BANCO PINE S.A. RAQUEL VARELA BASTOSInvestor Relations Officer
This is a free translation of the original in Portuguese. The original Portuguese text of this document is the only official version. In the event of any discrepancy or contradiction between the Portuguese and translated version, the Portuguese version shall prevail.
Investor Relations
Banco Pine SA published this content on 30 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 June 2016 21:10:00 UTC.
Original documenthttp://ir.pine.com/Download.aspx?Arquivo=aKvxQl+Hj0NtWJspUzWcwQ==&IdCanal=Eutj4auDTAhF13C76F43gw==
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