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Companhia Energética de Minas Gerais S.A. Message Board

  • jomariejds44 jomariejds44 Jan 27, 2013 7:26 PM Flag

    Interest being deducted ??? Not sure what this means for shareholders----did not know we needed Rosetta Stone software to understand what is coming from this Brazilian company

    b) Interest on Equity for the 2012 business year, to be considered as offset in the calculation of the obligatory dividend, under Paragraph 3 of Article 29 of the by-laws, in the amount of R$ 1,700,000,000.00 (one billion seven hundred million Reais), corresponding to R$ 1.993773380 per share, on which tax at 15% will be withheld at source for all stockholders except those exempted by legislation, to be paid in two tranches, by June 30, 2013 and December 30, 2013.

 
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