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MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Telefônica Brasil S.A.    VIVT4   BRVIVTACNPR7

TELEFÔNICA BRASIL S.A.

(VIVT4)
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Telefônica Brasil S A : Notice to Shareholders - Deliberation of Interest on Own Capital

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03/19/2020 | 03:32pm EDT

TELEFÔNICA BRASIL S.A.

Public-held Company

CNPJ MF 02.558.157/0001-62 - NIRE 35.3.001.5881-4

NOTICE TO SHAREHOLDERS

DELIBERATION OF INTEREST ON OWN CAPITAL

Telefônica Brasil S.A. - ("Company") announces to its shareholders that the Board of Directors, at its meeting held on March 19, 2020, deliberated the credit of Interest on Own Capital ("IOC"), related to the fiscal year of 2020, in accordance with article 28 of the Company's Bylaws, article 9 of the Law 9,249/95 and CVM's Instruction No. 683/2012, in the gross amount of R$ 150,000,000.00 (one hundred and fifty million reais), subject to withholding tax of 15%, resulting in a net amount of R$ 127,500,000.00 (one hundred and twenty-seven million, five hundred thousand reais), based on the balance sheet of February 29, 2020. The estimated value per share is described in the table below:

Immune or Exempt

Taxed Legal

Withholding tax

Entities and

Amount per share (R$)

Legal Entities (gross

(15%)

Individuals (Net

value)

value)

Common shares

0.08330428104

0.01249564216

0.07080863888

Preferred shares (*)

0.09163470914

0.01374520637

0.07788950277

  1. 10% higher than the amount granted to each common share, in accordance with article 7 of the Company's Bylaws.

In accordance to the article 28 of the Company's Bylaws, such Interest on Own Capital will be charged to the mandatory minimum dividend for the fiscal year of 2020, ad referendum of the General Shareholders' Meeting to be held in 2021.

The credit of Interest on Own Capital will be made on individual basis for each shareholder, in accordance to the shareholder registry book position by the end of March 31, 2020. After this date, the shares will be considered as "ex-Interest on Own Capital". The payment of these proceeds will be carried out before the end of the fiscal year of 2021, in a date to be defined by the Company's Board.

TELEFÔNICA BRASIL S.A.

Public-held Company

CNPJ MF 02.558.157/0001-62 - NIRE 35.3.001.5881-4

The Immune or Exempt Legal Entities, according to the current legislation, must provide proof of such condition until April 3, 2020 to the "Departamento de Ações e Custódia" of Banco Bradesco S.A., the depositary bank, located at Cidade de Deus, s/n, Amarelo Velho Building, sub-solo - Vila Yara - Zip Code: 06029-900 - Osasco - SP.

Note: Values of Interest on Capital per common and preferred share may suffer future adjustments until March 31, 2020, due to possible acquisitions of shares within the Program for the Buyback of Shares to be held in treasury for subsequent sale and/or cancellation.

São Paulo, March 19, 2020.

David Melcon Sanchez-Friera

CFO and Investor Relations Officer

Telefônica Brasil - Investor Relations

Tel: +55 11 3430-3687

Email: ir.br@telefonica.com

Information available at: www.telefonica.com.br/ir

Disclaimer

Telefônica Brasil SA published this content on 19 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 March 2020 20:31:14 UTC

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Financials
Sales 2020 42 732 M 8 018 M 8 018 M
Net income 2020 5 098 M 957 M 957 M
Net Debt 2020 10 680 M 2 004 M 2 004 M
P/E ratio 2020 17,5x
Yield 2020 6,50%
Capitalization 88 858 M 16 700 M 16 673 M
EV / Sales 2020 2,33x
EV / Sales 2021 2,16x
Nbr of Employees 32 793
Free-Float 26,3%
Chart TELEFÔNICA BRASIL S.A.
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Telefônica Brasil S.A. Technical Analysis Chart | VIVT4 | BRVIVTACNPR7 | MarketScreener
Technical analysis trends TELEFÔNICA BRASIL S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Average target price 61,25 BRL
Last Close Price 52,65 BRL
Spread / Highest target 33,0%
Spread / Average Target 16,3%
Spread / Lowest Target 2,56%
EPS Revisions
Managers
NameTitle
Christian Mauad Gebara Chief Executive Officer & Director
Eduardo Navarro de Carvalho Chairman
David Melcon Sanchez-Friera Chief Financial & Investor Relations Officer
Francisco Javier de Paz Mancho Director
Luiz Fernando Furlán Director
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