Investor Relations
  • Like the site?
  • |
  • |
  • IR Alerts
  • Favorites
  • MY DOWNLOADS ( 0 )

Material Fact - Suspension of Dividends Distribution

Large font size Small font size Back Back Print Print Send by e-mailE-mail Create PDFPDF DownloadDownload Favorites Share it Share
 
 
MATERIAL FACT
SUSPENSION OF DIVIDENDS DISTRIBUTION
São Paulo, December 08, 2016 Triunfo Participações e Investimentos S.A. (“Triunfo” or “Company”), hereby announces to its shareholders and the general market that the Company’s Extraordinary Shareholders' Meeting held today, December 8, 2016, approved, by majority vote, the suspension, during the current year, of the payment of dividends declared in the Annual Shareholders’ Meeting held on April 29, 2016, in the amount of forty million reais (R$40,000,000.00), in view of the material change in the Company’s financial condition since their declaration, as approved in the Meeting of the Company’s Board of Directors held on November 22, 2016, and detailed in the Management Proposal published on said date.
 
Such dividends will be adjusted as from January 1, 2017 through the date of their effective payment at the variation in the Interbank Rate (CDI) plus four percent (4%) per annum, as remuneration for postponement of said payment.
 
The Company shall determine when said dividends will be paid during fiscal year 2017, as soon as its financial condition supports it. If the Management of the Company believes that the payment will not be feasible in 2017, it must call an Extraordinary Shareholders’ Meeting to be held within 2017, which will consider and vote on the maintenance of the payment suspension, at which time the Company will be required to present a detailed justification for proposing the maintenance of said suspension.
 
Click here for the PDF file.
 
 

 

8 December 2016