Payment of Interest on own Capital
Posted on June 25, 2009 – 2:11 pm | by oilandgaspress.com
PETROBRAS, informs that, the Board of Directors, meeting today, approved an anticipated payment of interest on own capital to its shareholders, in accordance with Brazilian legislation (Article 9 of Law 9,249/95 and Decrees nº 2,673/98 and 3,381/00.
The amount of R$ 2,632 million to be distributed, corresponding to a gross value of R$ 0.30 per common and preferred shares, is being accrued in our Financial Statements on June 30, 2009 and will be paid up to December 31, 2009, based on the shareholding position as of July 03, 2009.
The shares will be negotiated ex-interest on capital from July 6, 2009.
This interest on own capital, restated at the Brazilian Interest Rate – SELIC from the payment date to the end of 2009 fiscal year, will be offset against the remuneration (dividends plus interest on own capital) to be paid related to the 2009 fiscal earnings and will be subject to withhold income tax of 15% (fifteen per cent) except to the exempt shareholders.
Almir Guilherme Barbassa
CFO and Investor Relations Director
Source: PETROBRAS
Website :
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