VALE S.A.
Vale informs that its Executive Board has approved and will submit to the Board of Directors the proposal for payment of the second installment of the minimum dividend of US$ 2.1 billion, as publicly announced on January 30, 2014, equal to US$ 0.407499945 per common or preferred share in circulation as of August 29, 2014 (5,153,374,926).
The proposal will be submitted for approval to the Board of Directors in the meeting scheduled for October 16, 2014 and, if approved, the payment of US$ 2.1 billion will be made as of October 31, 2014. The amount in Brazilian reais will be computed using the Brazilian real/US dollar exchange rate (Ptax-Option 5) published by the Central Bank of Brazil on October 15, 2014.
Once the proposal is approved by the Board, all investors who hold Vale shares at the record dates will have the right to the dividend payment. The record date for the owners of shares traded on the BM&FBovespa is October 16, 2014. The record date for the holders of ADRs traded on the New York Stock Exchange (NYSE) and Euronext Paris is October 21, 2014 Eastern Standard Time and for the holders of HDRs traded on the Hong Kong Stock Exchange (HKEx) is at the close of the business day in Hong Kong on October 21, 2014.
Vale shares will be traded ex-dividend on BM&FBovespa, NYSE and Euronext Paris as of October 17, 2014 and on the HKEx as of October 20, 2014.
If the proposal is approved by the Board of Directors, Vale will have distributed to its shareholders US$ 4.2 billion in 2014 - including the first tranche of minimum dividend paid as of April 30.
For further information:
Phone: 55 21 3814-4360
Mônica Ferreira - monica.ferreira@vale.com
Fatima Cristina - fatima.cristina@vale.com
www.vale.com/newsroom
www.facebook.com/valeglobal
www.twitter.com/valeglobal
www.youtube.com/valeglobal
www.instagram.com/valenobrasil
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