Kroton Educacional : Notice to Shareholders - Dividend Distribution
July 03, 2014 at 03:19 pm EDT
Share
Notice to Shareholders
Belo Horizonte, July 3, 2014 - Kroton Educacional S.A. (BM&FBovespa: KROT3 and Bloomberg: KROT3:BZ), informs that the meeting of the Board of Directors of Kroton Educacional S.A. ("Company" or "Kroton") held on July 3, 2014, at 10:00 a.m., approved the distribution of interim dividends by debiting the investment reserve recorded in the balance sheet relating to the fiscal year ended December 31, 2013, which will be calculated towards the minimum mandatory dividend for the shares issued by the Company for fiscal year 2014, in accordance with article 40, paragraph 4, of the Bylaws of the Company.
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For more information, please contact our investor relations department:
Carlos Lazar - Director
Carolina Igi - Coordinator
Pedro Gomes - Coordinator
Cogna Educacao SA, formerly Kroton Educacional SA, is a Brazil-based company active in the private education sector. The Company focuses on developing primary and secondary schools, post-secondary and undergraduate programs, as well as vocational courses. The Company's activities are divided into three business segments: In-class higher education, which offers port-secondary programs on campus; Distance learning higher education (EAD), which provides port-secondary programs via online platform, and Basic education, which includes own and managed primary schools, collection and development of teaching materials, school management advisory, as well as educational support tools, among others. The Company operates a number of brand names, such as Anhanguera, Fama, Pitagoras, Unic, Unime and Unopar. In addition, it is involved in the wholesale, retail, distribution, import and export of textbooks, course books, magazines and other publications related to education.