Dividends

“The Brazilian Corporation Law (Lei das Sociedades por Ações) and the Company’s By-laws require that the annual shareholders’ meeting be held by April 30 every year, wherein shareholders should decide, among others, on the distribution of annual dividend, which is based on the financial statements relating to the previous financial year. The minimum mandatory dividend is based on a percentage of net income adjusted in accordance with the Brazilian Law of Corporations, instead of a fixed monetary value for the shares. Pursuant to our Bylaws, at least 25% of the adjusted net income must be allocated for the payment of dividends.

The following table shows the dividends distributed to Arezzo&Co shareholders in the periods indicated.

FORM OF PAYMENT DATE OF APPROVAL DATE OF PAYMENT DIVIDEND PER SHARE (R$) TOTAL (R$) PAY-OUT
Total 2017 R$ 1,23 R$ 110.372.933,78
Dividends 28/08/2017 27/09/2017 R$ 0,58 R$ 52.000.000,00
Dividends 28/08/2017 27/09/2017 R$ 0,41 R$ 36.832.940,65
Interest on Equity Capital 26/06/2017 28/07/2017 R$ 0,24 R$ 21.539.993,13
Total 2016 R$ 1,22 R$ 108.374.353,31 93,3%
Dividends 28/04/2017 15/05/2017 R$ 0,60 R$ 52.975.551,20
Interest on Equity Capital 12/12/2016 29/12/2016 R$ 0,25 R$ 22.248.662,03
Dividends 26/09/2016 26/10/2016 R$ 0,13 R$ 11.256.686,91
Interest on Equity Capital 21/06/2016 15/07/2016 R$ 0,25 R$ 21.893.453,17
Total 2015 R$ 1,91 R$ 61.703.937,38 51,6%
Dividends 29/04/2016 20/05/2016 R$ 0,21 R$ 18.705.003,62
Interest on Equity Capital 14/12/2015 30/12/2015 R$ 0,11 R$ 9.750.073,74
Interest on Equity Capital 14/12/2015 30/12/2015 R$ 0,09 R$ 8.208.266,04
Dividends 03/08/2015 28/08/2015 R$ 0,11 R$ 9.487.923,49
Interest on Equity Capital 15/06/2015 30/06/2015 R$ 0,11 R$ 9.750.073,74
Interest on Equity Capital 15/06/2015 30/06/2015 R$ 0,07 R$ 5.802.596,75
Total 2014 R$ 1,03 R$ 70.805.978,90 80,7%
Dividends 24/04/2015 15/05/2015 R$ 0,40 R$ 35.348.263,63
Interest on Equity Capital 17/12/2014 30/12/2014 R$ 0,11 R$ 9.750.073,74
Interest on Equity Capital 17/12/2014 30/12/2014 R$ 0,03 R$ 2.401.281,55
Interest on Equity Capital 20/06/2014 30/06/2014 R$ 0,11 R$ 9.750.073,74
Interest on Equity Capital 20/06/2014 30/06/2014 R$ 0,03 R$ 2.485.217,59
Dividends 28/07/2014 29/08/2014 R$ 0,12 R$ 11.071.068,65
Total 2013 R$ 0,63 R$ 55.541.725,00 50,2%
Dividends 24/04/2014 15/05/2014 R$ 0,24 R$ 20.893.199,88
Interest on Equity Capital 28/06/2013 31/07/2013 R$ 0,10 R$ 8.858.746,90
Interest on Equity Capital 30/07/2013 30/12/2013 R$ 0,02 R$ 1.578.182,57
Dividends 29/07/2013 02/09/2013 R$ 0,15 R$ 13.326.011,22
Interest on Equity Capital 28/06/2013 31/07/2013 R$ 0,02 R$ 2.026.837,53
Interest on Equity Capital 27/07/2013 31/01/2014 R$ 0,10 R$ 8.858.746,90
Total 2012 R$ 0,55 R$ 49.119.008,92 50,7%
Dividends 24/04/2013 30/05/2013 R$ 0,23 R$ 20.381.904,31
Interest on Equity Capital 09/08/2011 31/01/2013 R$ 0,09 R$ 7.968.816,90
Interest on Equity Capital 17/12/2012 30/01/2013 R$ 0,03 R$ 2.460.341,55
Interest on Equity Capital 09/08/2011 31/07/2012 R$ 0,09 R$ 7.968.816,90
Interest on Equity Capital 29/06/2012 31/07/2012 R$ 0,04 R$ 3.353.178,19
Dividends 30/07/2012 30/08/2012 R$ 0,08 R$ 6.985.951,07
Total 2011 R$ 0,27 R$ 23.985.781,02 26,2%
Interest on Equity Capital 21/12/2012 31/01/2012 R$ 0,02 R$ 1.458.073,15
Interest on Equity Capital 09/08/2011 31/01/2012 R$ 0,09 R$ 7.968.816,75
Interest on Equity Capital 30/06/2012 29/07/2012 R$ 0,10 R$ 8.441.564,16
Dividends 24/04/2012 31/05/2012 R$ 0,07 R$ 6.117.326,96