GPS approved on Thursday evening the distribution of interim dividends of 220 million reais, corresponding to R$0.32 per ordinary share.
Dividends will be paid on Feb. 6 to shareholders of record on Dec. 16, the company said in board meeting minutes.
The company also approved an increase in share capital from R$1.37 billion to R$3.39 billion, by capitalization of the accounting balance of the statutory profit reserve.
The capital increase will be carried out by the issue of 72.7 million free shares, allocated free of charge, at the rate of 0.10738424524 free shares for each ordinary share, on December 16.
About The Author
