We hereby announce to the Shareholders that the Board of Directors of Kroton Educacional S.A. ('Company'), in the meeting held at 7:00 a.m. on August 11, 2017, approved, subject to approval of the Annual Shareholders' Meeting of the Company that will consider and vote on the results of the fiscal year ended on December 31, 2017, the distribution of interim dividends, to be calculated towards the minimum mandatory dividends for fiscal year 2017. The amount to be distributed will be R$207,917,761.91 (two hundred seven million, nine hundred seventeen thousand, seven hundred sixty-one reais and ninety-one centavos), without monetary restatement or withholding income tax in accordance with applicable law. The dividends will be paid to shareholders in proportion to their respective interest in the Company's capital stock, in the amount of R$0.1277616157 per common share of the Company, already deducted from this calculation any shares held in treasury on the date hereof. Dividends will be paid by the Company on August 28, 2017 to shareholders of record at the close of trading on August 17, 2017. Starting August 18, 2017, inclusive, the Company's shares will be traded ex-dividend on the São Paulo Stock Exchange (B3).
Shareholders registered with Banco Bradesco S.A., the stock transfer agent for the Company's shares, choosing to receive dividends through credit to their account will be credited the dividends automatically. Shareholders not registered with Banco Bradesco S.A. should, as of this date, visit any Banco Bradesco S.A. branch to update their records in order to receive dividends. Shareholders whose shares are held in custody at the Brazilian Clearing and Depository Corporation (CBLC) will receive payment through their respective custody agents.
Belo Horizonte, August 11, 2017
Carlos Alberto Bolina Lazar
Investor Relations Officer
Kroton Educacional S.A.
Kroton Educacional SA published this content on 14 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 August 2017 19:21:02 UTC.
Original documenthttp://ri.kroton.com.br/kroton2010/web/conteudo_en.asp?idioma=1&tipo=32840&conta=44&id=248667
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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.