Payment of Dividends and Interest on Shareholders' Equity
Grupo Fleury informs to its shareholders that, as resolved at the board of Director meeting held on December 072016, was approved the distribution of interim dividends and Interest on Shareholders´ Equity ('ISE').
The proceeds will be distributed as interim dividends and interest on shareholder's equity, in the total amount of three hundred, thirty-one million, two hundred, sixty-four thousand, seven hundred, twenty-three reais and twenty centavos (R$ 331,264,723.20), according to balance sheet as of September 30, 2016, to be calculated towards the minimum mandatory dividends for fiscal year 2016. The definitive amount to be distributed are the follow:
(i) R$ 220,839,802.55 (two hundred, twenty million, eight hundred, thirty nine thousand, eight hundred and two reais and fifty-five centavos) will be distributed as interim dividends, which means an amount per share of R$ 1.405592. This amount can be divided into: (a) R$ 3,987,437.00 (three million, nine hundred, eighty-seven thousand, four hundred, thirty-seven reais, related to the accumulated profit reserves; and (b) R$ 216,852,365.55 (two hundred, sixteen millions, eight hundred, fifty-two thousand, three hundred, sixty-five reais and fifty-five centavos) related to investment reserves; and
(ii) R$ 110,424,920.65 (one hundred and ten millions, four hundred, twenty-four Thousand, nine hundred and twenty reais and sixty-five centavos) that will be distributed as interest on shareholder´s equity, which means a gross amount per share of R$ 0.702828.
Credit and payment are subject to the following conditions:
The amount declared as ISE is subject to withholding tax at the rate of 15%, except for exempt shareholders.
The amount described above will be based on the shareholding position at the close of BM&FBOVESPA's December 12, 2016, trading session ('record date'), and the company's shares shall be traded ex-rights as from and including December 13 , 2016 ('ex-date').
The aforementioned payment shall be made on December 232016.
The payments related to the shares at the BM&FBovespa's custody will be made to the custodian, which is responsible to transfer the value to the corresponding shareholder.
To the other shareholders, payment will be made in accordance to the record in Banco Bradesco S.A., the Depositary Institution of the shares issued by the company. Shareholders receiving through Bradesco S.A shall keep records updated to receive the payment.