CNPJ MF 02.558.157/0001-62 - NIRE 35.3.001.5881-4
NOTICE TO SHAREHOLDERS
PAYMENT OF INTEREST ON OWN CAPITAL AND INTERIM DIVIDENDS
YEAR 2017
I. The Board of Telefônica Brasil S.A. ("Company") announces to its shareholders that will start the payment of Interim Dividends ("Dividends") and Interest on Own Capital ("IOC") for the fiscal year of 2017, as follows:
(a) August 21, 2018: the Company will start the payment of amounts related to IOC deliberated and published through Notices to Shareholders on the dates of the Meetings of the Board of Directors held on February 13, 2017, March 20, 2017, June 19, 2017, September 18, 2017 and December 14, 2017. Such proceeds were ratified and approved by the General Shareholders' Meeting held on April 12, 2018 ("GSM"), as follows:
Proceeds | Deliberation Date | Record Date | Gross Amount per Share (R$) | Net Amount per Share (R$) | ||
ON | PN* | ON | PN* | |||
IOC | 02/13/2017 | 02/24/2017 | 0.09996509791 | 0.10996160770 | 0.08497033323 | 0.09346736655 |
IOC | 03/20/2017 | 03/31/2017 | 0.19437657929 | 0.21381423722 | 0.16522009240 | 0.18174210164 |
IOC | 06/19/2017 | 06/30/2017 | 0.05275935723 | 0.05803529296 | 0.04484545365 | 0.04932999901 |
IOC | 09/18/2017 | 09/29/2017 | 0.16938537321 | 0.18632391053 | 0.14397756723 | 0.15837532395 |
IOC | 12/14/2017 | 12/26/2017 | 0.82562255904 | 0.90818481495 | 0.70177917518 | 0.77195709270 |
(*) 10% higher than the amount granted to each common share, in accordance with article 7 of the Company's Bylaws.
In accordance to the articles 28 of the Company's Bylaws, such Interest on Own Capital were charged to the mandatory minimum dividend for the fiscal year of 2017, ad referendum of the General Shareholders' Meeting.
(b) December 11, 2018: the Company will start the payment of amounts related the Dividends declared at the GSM. Such proceeds were ratified and approved by the GSM, as follows:
CNPJ MF 02.558.157/0001-62 - NIRE 35.3.001.5881-4
Proceeds | Deliberation Date | Record Date | Gross Amount per Share (R$) | Net Amount per Share (R$) | ||
ON | PN* | ON | PN* | |||
Dividends | 04/12/2018 | 04/12/2018 | 1.21727748174 | 1.33900522992 | 1.21727748174 | 1.33900522992 |
(*) 10% higher than the amount granted to each common share, in accordance with article 7 of the Company's Bylaws.
In accordance to the article 27 of the Company's Bylaws, such Dividends were charged to the mandatory minimum dividend for the fiscal year of 2017, ad referendum of the General Shareholders' Meeting.
II. WITHHOLDING INCOME TAX, ACCORDING TO CURRENT LEGISLATION 1 - Interest on Own Capital
An income tax of 15% is withheld at the source when paying Interest on Own Capital. No income tax will be withheld in the case of immune or exempt legal entities that provide proof of such condition within the established deadline.
2 - Dividends
Dividends are exempt from Income Tax Withholding, according to the Law 9,249/95.
III. ADDITIONAL INFORMATION:
Dividends not claimed within the period of 03 (three) years after the date of the payment beginning will be forfeited in favor of the Company (Law 6,404 of December 15, 1976, Article 287, II, a).
São Paulo, April 23, 2018.
David Melcon Sanchez-Friera
CFO and Investor Relations Officer Telefônica Brasil - Investor Relations
Tel: +55 11 3430-3687
Email:ir.br@telefonica.comInformation available at:www.telefonica.com.br/ir
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Telefônica Brasil SA published this content on 23 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 April 2018 20:31:14 UTC