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CYRELA BRAZIL REALTY S.A. EMPREENDIMENTOS E PARTICIPAÇÕES

(CYRE3)
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Cyrela Brazil Realty S A Empreendimentos e Participações : Notice to shareholders - Dividend Payment

12/10/2020 | 04:40pm EDT

Announcement to Shareholders

CYRELA BRAZIL REALTY S/A EMPREENDIMENTOS E PARTICIPAÇÕES

Publicy-held Company

Corporate Taxpayers' ID (CNPJ/MF) 73.178.600/0001-18

Company Registry (NIRE) - 35.300.137.728

PAYMENT OF DIVIDENDS

CYRELA BRAZIL REALTY S/A EMPREENDIMENTOS E PARTICIPAÇÕES ("Company") hereby announces to its shareholders and the general market that, at a meeting held on December 10, 2020, 10:00 a.m., the Board of Directors declared, ad referendum the Annual Shareholders' Meeting, the payment of intermediary dividends by the Company, pursuant to article 24, item "XVIII" of the Company's bylaws, based on profit reserves, as verified in the financial statements as of December 31, 2019, in the total amount of R$ 600,000,000.00 (six hundred million reais), equivalent to R$ 1. 560452296 per common share issued by the Company excluding treasury shares, as follows:

  1. People registered as shareholders of the Company on the basis date of December 15, 2020 shall be entitled to the declared dividends, including negotiations performed before or on such date.
  2. The Company´ shares shall be negotiated ex-dividend as of December 16, 2020 (including).
  3. Treasury shares will not be entitled to any amount as dividends, pursuant to paragraph 4 of article 30 of the Lei das S.A. and article 16 of CVM Instruction no. 10, 1980.
  4. The dividends shall be paid in Brazil in national currency, in a single installment, in December 29, 2020.

Announcement to Shareholders

  1. There shall not be monetary adjustment and interest accrual from the date of declared dividends to the date of actual payment.
  2. On the date the dividend is paid, the Company shall credit the dividend due to each shareholder in accordance with the bank details provided to Banco Bradesco S.A., which is the institution responsible for keeping books of the Company´ shares, according to the numbers of common shares of each shareholder on the basis date of December 15, 2020.
  3. Shareholders whose register does not contain neither the CPF [Brazilian Individuals Register]/CNPJ numbers nor the indication "Bank/Branch/Bank Account" shall only receive their dividends from the third business day after such register is updated in the electronic files of the Banco Bradesco S.A.
  4. Shareholders whose shares are kept by institutions providing securities custody services shall receive their dividends in accordance with procedures adopted by such institutions.
  5. Receivable dividends shall be exempted from Income Tax pursuant to article
  6. of Law n. º 9.249 of 1995.

São Paulo, December 10, 2020.

Miguel Maia Mickelberg

Investor Relations Officer

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Cyrela Brazil Realty SA published this content on 10 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 December 2020 21:40:02 UTC


© Publicnow 2020
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Financials
Sales 2021 4 595 M 865 M 865 M
Net income 2021 853 M 161 M 161 M
Net Debt 2021 488 M 92,0 M 92,0 M
P/E ratio 2021 9,20x
Yield 2021 4,94%
Capitalization 7 809 M 1 481 M 1 471 M
EV / Sales 2021 1,81x
EV / Sales 2022 1,67x
Nbr of Employees 984
Free-Float 70,7%
Chart CYRELA BRAZIL REALTY S.A. EMPREENDIMENTOS E PARTICIPAÇÕES
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Cyrela Brazil Realty S.A. Empreendimentos e Participações Technical Analysis Chart | CYRE3 | BRCYREACNOR7 | MarketScreener
Technical analysis trends CYRELA BRAZIL REALTY S.A. EMPREENDIMENTOS E PARTICIPAÇÕES
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Last Close Price 20,31 BRL
Average target price 32,30 BRL
Spread / Average Target 59,0%
EPS Revisions
Managers and Directors
Elie Horn Chairman, CEO & Founding Partner
Efraim Schmuel Horn Co-Chief Executive Officer
Raphael Abba Horn Co-Chief Executive Officer
Efraim Horn Co-President
Rogério Frota Melzi Co-Chairman