SYS-CON MEDIA Authors: Jason Bloomberg, Kevin Benedict, David H Deans, RealWire News Distribution, Gilad Parann-Nissany

News Feed Item

SABESP Announces Dividend Payment in the Form of Interest on Own Capital

SAO PAULO, March 27, 2014 /PRNewswire/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), informs the Shareholders that on March 27th, 2014, the Board of Directors resolved on, pursuant to item XI of article 13, and paragraph 1 of article 28 of the Company's Bylaws, the payment of dividends in the form of interest on own capital related to the period from January to December 2013, to the Shareholders registered as such on April 7th, 2014.

The dividends as interest on own capital, totaling five hundred thirty seven million, four hundred sixty four thousand, nine hundred fifty nine dollars and eighty five cents (R$ 537,464,959.85) corresponding to  R$ 0.78633094301 per common share will be paid no later than sixty (60) days after the 2014 Annual Shareholders' Meeting.

Income tax shall be withheld from payment of dividends as interest on own capital, pursuant to the laws in force, except for the immune or exempt shareholders proving such condition until April 25th,  2014, and corresponding documents shall be sent to the Company's headquarters located at Rua Costa Carvalho, 300 – Sala 265 – Sao Paulo – SP – CEP 05429-900, in attention to the Superintendencia de Captacao de Recursos e Relacoes com Investidores.

Referring to the entities of Supplementary Private Pension, Insurance Companies and Fapi, such proof shall occur by means of Declaration, a model of which is available at the Investors Area, in the item Information to Shareholders on the website www.sabesp.com.br.

The aforementioned interest on own capital will be computed in the calculation of the mandatory minimum dividends, as provided for in the caput of Article 28 of the Company's Bylaws, pursuant to article 9, paragraph 7, of Law 9,249/95.

The shareholders will have their credits available on the initial date of payment of such right, as set forth in above item I, in accordance with their checking account and domicile provided to Itau Unibanco S.A.

The shares now are traded ex-interest from April 8th, 2014.

Further information may be obtained at any of Itau Unibanco S.A.'s branches, which are specialized in assisting shareholders, during banking hours.

The complete version is available at the Company's website: www.sabesp.com.br

For further information, please contact:
IR Contacts:
Mario Arruda Sampaio: (55 11) 3388-8664 ([email protected])
Angela Beatriz Airoldi: (55 11) 3388-8793 ([email protected])

SOURCE SABESP

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.