Dividends and Payment of Interest

Pursuant to Positivo Tecnologia’s Bylaws, at least 25% of the net income, calculated in accordance with accounting practices adopted in Brazil and adjusted in accordance with the Brazilian Corporate Law, in relation to the previous fiscal year, must be distributed as a mandatory annual dividend. Net income means the distributable amount, before any deductions for statutory reserves and reserves for investment projects.

The Brazilian Corporation Law, however, allows the suspension of the mandatory distribution of dividends in any fiscal year in which the Board of Directors reports to the General Meeting that the distribution would be inadvisable, in view of the company’s financial situation. The suspension is subject to approval at the General Meeting and analysis by the members of the fiscal council, if installed at the time.

The mandatory dividend may also be paid as interest on equity, treated as a deductible expense for IRPJ and CSLL purposes.

 

Type of Provision Date Approved Date of Payment Payout per Share Total (R$ thousand)
Dividends 04/29/2022 05/31/2022 (1st tranche)
R$ 0.34
 R$ 16,646
09/30/2022 (2nd tranche) R$ 30,915
Dividends 4/30/2021 05/17/2021 (1st tranche)
R$ 0.34
R$ 11,705
09/20/2021 (2nd tranche) R$ 12,045
12/20/2021 (3rd tranche) R$ 24,022
Dividends 12/10/2020 12/15/2020 R$ 0.03 R$ 4,556
Dividends 4/28/2017 12/15/2017 R$ 0.03 R$ 2,210
Dividends 4/30/2015 12/16/2015 R$ 0.07 R$ 5,818
Dividends 4/29/2014 12/16/2014 R$ 0.05 R$ 3.898
Dividends 4/30/2013 12/16/2013 R$ 0.09 R$ 7,548
Dividends 4/29/2011 12/15/2011 R$ 0.26 R$ 22,299
Dividends 4/27/2010 08/02/2010 (1st tranche) R$ 0.58 R$ 25,000
11/30/2010 (2nd tranche) R$ 25,000
Dividends 4/28/2009 07/31/2009 (1st tranche) R$ 0.20 R$ 17,000
12/30/2009 (2nd tranche) R$ 17,000
Dividends 3/25/2008 7/4/2008 R$ 0.21 R$ 18,185
Interest on Equity 3/25/2008 R$ 0.22 R$ 19,187
Dividendos 7/10/2007 Starting from
08/27/2007
R$ 0.21 R$ 18,269
Interest on Equity 7/10/2007 R$ 0.15 R$ 13,014

 

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