Copasa (CSMG3) will pay R$376.9 million in JCP to shareholders; See terms – Money Times

board of directors Copasa (CSMG3) agreed on Friday (17) to pay R$376.8 million in the form of a interest on private capital (JCP)of which 245.3 million reais refer to the fourth quarter of 2022 and 131.5 million reais refer to the first quarter of 2023, according to a statement issued by the company.

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JCP refers to 4Q22

The amount of R$245.3 million corresponds to R$0.6471142602 per share. From March 23, 2023, the shares will be traded “without interest on equity.”

The payment date will still be determined at the company’s annual general meeting.

According to Copasa, the Income tax Withholding tax (IRRF), in accordance with applicable legislation, and net amounts must be paid to shareholders taxeswith the exception of shareholders whose immunity has been proven, or has been exempted or exempted from seizure

The amount paid will be taken as JCP as the value of Dividend Mandatory for fiscal year 2022, the company said.

JCP refers to 1Q23

The amount of R$131.5 million is equivalent to R$0.3470181488 per share and will be distributed to shareholders on May 16, 2023. The shares will be traded “without interest on equity” as of March 23, 2023. 2023.

The amount will also be withheld from Income Tax Withholding (IRRF), in accordance with current legislation, net of the amounts of tax paid to shareholders, except for shareholders who are found to be immune, exempt or exempt from withholding.

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