Vale : 09/16/2016 Vale pays semi-annual remuneration on its Shareholders Debentures
September 16, 2016 at 09:54 am EDT
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Rio de Janeiro, September 16th, 2016 - Vale S.A. (Vale) informs that it will pay the semi-annual remuneration on its shareholders debentures (debentures) on September 30rd ,2016, to the gross amount of R$ 0.422570669 per debenture, totaling R$ 164,193,660.29 to holders of debentures with a position registered in custody with CETIP S.A. - Mercados Organizados (CETIP) and/or with Banco Bradesco S.A. (Bradesco), on the closing of September 29th, 2016.
This amount includes the payment associated with our copper sales (R$ 9,823,656.85) and with our iron ore sales (R$ 154,370,003.44).
The financial settlement will be on October 3rd, 2016, through CETIP for the debentures held in custody at CETIP and through Bradesco for the debentures held in custody at this bank.
Withholding income tax will be charged on the amount paid to holders of the debentures, at the rate applicable to fixed income investments. The tax rate will vary according to each investor's individual situation, with exemption exclusively for those who can provide unequivocal, legal proof of their tax exempt status.
For further information, please contact:
+55-21-3485-3900
André Figueiredo: andre.figueiredo@vale.com
Carla Albano Miller: carla.albano@vale.com
Fernando Mascarenhas: fernando.mascarenhas@vale.com
Andrea Gutman: andrea.gutman@vale.com
Bruno Siqueira: bruno.siqueira@vale.com
Claudia Rodrigues: claudia.rodrigues@vale.com
Denise Caruncho: denise.caruncho@vale.com
Mariano Szachtman: mariano.szachtman@vale.com
Renata Capanema: renata.capanema@vale.com
This press release may include statements that present Vale's expectations about future events or results. All statements, when based upon expectations about the future, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM), and the French Autorité des Marchés Financiers (AMF), and in particular the factors discussed under 'Forward-Looking Statements' and 'Risk Factors' in Vale's annual report on Form 20-F.
Vale SA published this content on 16 September 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 September 2016 13:53:04 UTC.
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Vale S.A. is one of the world's leading metallurgy and mining groups. Revenues break down by family of products as follows:
- ferrous minerals and metals (80,2%): ferrous minerals (85.1% of revenues; 254 Mt sold in 2020), ferrous mineral granules (13.2%; 31.2 Mt), iron alloys and manganese (0.7%; 1.4 Mt), and other (1%);
- non-ferrous minerals and metals (17.9%): nickel, precious metals, and cobalt (69.7% of revenues; 211 Kt of nickel sold) and copper (30.3%; 247 Kt);
- coal (1.2%): metallurgical coal (2.9 Mt sold) and thermal coal (3 Mt);
- other (0.7%).
Revenues are distributed geographically as follows: Brazil (7.3%), the United States (2.6%), Americas (1.5%), China (57.8%), Japan (5.5%), Asia (8.2%), Europe (13.3%) and Middle East/Africa/Oceania (3.8%).