TELEFÔNICA BRASIL S.A. The Board of Telefônica Brasil S.A. ("Company") announces to its shareholders, as approved at its meeting held on July 26, 2016, that will start the payment of Interim Dividends and Interest on Own Capital ("IOC") for the fiscal year of 2015, as follows:
August 23, 2016: the Company will start the payment of amounts related to Interim Dividends deliberated and published through Notice to Shareholders on the date of the Meeting of the Board of Directors held on May 12, 2015, and IOC deliberated and published through Notices to Shareholders on the dates of the Meetings of the Board of Directors held on May 12, 2015, July 20, 2015 and August 20, 2015. Such proceeds were ratified and approved by the General Shareholders' Meeting held on April 28, 2016 ("GSM"), as follows:
Proceeds
Deliberation Date
Record Date
Gross Amount per Share (R$)
Net Amount per Share (R$)
ON
PN*
ON
PN*
Dividends
05/12/2015
05/25/2015
0.170178573168
0.187196430485
0.170178573168
0.187196430485
IOC
05/12/2015
05/25/2015
0.324599871044
0.357059858148
0.275909890388
0.303500879426
IOC
07/20/2015
07/31/2015
0.122734955402
0.135008450942
0.104324712092
0.114757183301
IOC
08/20/2015
08/31/2015
0.131620744028
0.144782818431
0.111877632423
0.123065395666
(*) 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 27 and 28 of the Company's Bylaws, such Dividends and Interest on Own Capital were charged to the mandatory minimum dividend for the fiscal year of 2015, ad referendum of the General Shareholders' Meeting.
December 13, 2016: the Company will start the payment of amounts related to IOC deliberated and published through Notice to Shareholders on the dates of the Meetings of the Board of Directors held on September 18, 2015, October 19, 2015, November 19, 2015 and December 17, 2015, and Dividends declared at the GSM. Such proceeds were ratified and approved by the GSM, as follows:
Proceeds
Deliberation Date
Record Date
Gross Amount per Share (R$)
Net Amount per Share (R$)
ON
PN*
ON
PN*
IOC
09/18/2015
09/30/2015
0.081638183005
0.089802001305
0.069392455554
0.076331701109
IOC
10/19/2015
10/30/2015
0.048871837445
0.053759021190
0.041541061828
0.045695168011
IOC
11/19/2015
11/20/2015
0.130510020450
0.143561022495
0.110933517382
0.122026869120
IOC
12/17/2015
12/30/2015
0.16823296997
0.18505626697
0.14299802448
0.15729782693
Dividends
04/28/2016
04/28/2016
0.71487468232
0.78636215055
0.71487468232
0.78636215055
(*) 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 27 and 28 of the Company's Bylaws, such Dividends and Interest on Own Capital were charged to the mandatory minimum dividend for the fiscal year of 2015, ad referendum of the General Shareholders' Meeting.
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.
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, July 26, 2016.
David Melcon Sanchez-FrieraInvestor Relations Officer Telefônica Brasil - Investor Relations
Tel: +55 11 3430-3687
Email: ir.br@telefonica.com Information available at: www.telefonica.com.br/ir
Telefônica Brasil SA published this content on 26 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 July 2016 21:19:09 UTC.
Original documenthttp://telefonica.mediagroup.com.br/en/Download/1406_Notice_to_the_Shareholders_-_Payment_of_2015_Dividends_and_IOC.pdf
Public permalinkhttp://www.publicnow.com/view/7933842CD0A3C4B95F509451A4C3610E7AA0D8C1
