Kroton Educacional : Notice to Shareholders - Dividend Distribution
November 10, 2016 at 09:34 am EST
Share
NOTICE TO SHAREHOLDERS
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 November 10, 2016, 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, 2016, the distribution of interim dividends, to be calculated towards the minimum mandatory dividends for fiscal year 2016. The amount to be distributed will be R$122,430,155.47 (one hundred twenty-two million, four hundred thirty thousand, one hundred fifty-five reais and forty-seven centavos), without monetary restatement or withholding income tax in accordance with applicable law. The dividends will be paid to shareholders in proportion to their respective interest in the Company's capital stock, in the amount of R$ 0.0754884616 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 November 25, 2016 to shareholders of record at the close of trading on November 16, 2016 (Cut-Off Date). Starting November 17, 2016, inclusive, the Company's shares will be traded ex-dividend on the São Paulo Stock Exchange (BM&FBOVESPA).
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, November 10, 2016
Carlos Alberto Bolina Lazar
Investor Relations Officer
Kroton Educacional S.A.
Kroton Educacional SA published this content on 10 November 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 November 2016 14:34:06 UTC.
Original documenthttp://ri.kroton.com.br/kroton2010/web/conteudo_en.asp?idioma=1&tipo=32840&conta=44&id=234628
Public permalinkhttp://www.publicnow.com/view/41650A75C44E9CEF19312DA125DF1BA4128611FB
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.
COGNA EDUCAÇÃO 
