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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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Telefonica Brasil : 04/17/2019 Minutes of the 172nd of Meeting of the Fiscal Board

04/17/2019 | 05:18pm EST

TELEFÔNICA BRASIL S.A.

Publicly-held Company

CNPJ/MF 02.558.157/0001-62 - NIRE 35.3.0015881-4

MINUTES OF THE 172nd MEETING OF THE FISCAL BOARD OF TELEFÔNICA BRASIL S.A.,

HELD ON APRIL 17, 2019.

1.DATE, TIME AND PLACE: April 17, 2019, at 10:00 a.m., at Telefônica Brasil S.A. ("Company") headquarters, located at Av. Eng. Luiz Carlos Berrini, 1376, Cidade Monções, capital of the State of São Paulo.

2.CALL NOTICE AND ATTENDANCE: The call notice was issued in accordance with the Company's Bylaws. The members of the Company's Fiscal Board ("Fiscal Board") who subscribe to these minutes attended the Meeting, under the terms of the Bylaws. Also, Ms. Carolina Simões Cardoso, the Director of Corporate Affairs, attended the Meeting as Secretary of the Meeting.

3.AGENDA AND DELIBERATION: After examining and debating on the matter on the Agenda, the Fiscal Board members, who attended the Meeting, deliberated unanimously, as described below:

3.1.DISTRIBUTION OF INTEREST ON OWN CAPITAL OF THE COMPANY: The proposal of distribution of Interest on Own Capital ("IOC") to be submitted to the deliberation of the Company's

Board of Directors, in the following terms:

"Proposal of deliberation of IOC based on the balance sheet of March 31, 2019, in the gross amount of R$570,000,000.00, which is equivalent to R$484,500,000.00 net of income tax. The interest per share equals R$0.31655626796 per common share (R$0.26907282777 net of income tax) and R$0.34821189476 per preferred share (R$0.29598011054 net of income tax).

The Interest on Own Capital shall be credited individually to shareholders, in accordance to the shareholder registry book position by the end of April 30, 2019. After this date, the shares will be considered "ex-Interest on Own Capital".

The Interest on Own Capital will be imputed to the minimum mandatory dividend of the fiscal year 2019 ad referendum of the General Shareholders Meeting, and the payment will be carried out before the end of 2020, in a date to be defined by the Company's Board."

The Fiscal Board members unanimously issued a favorable opinion to the proposal, according to which consider such document in accordance to the applicable legislation.

1

TELEFÔNICA BRASIL S.A.

Publicly-held Company

CNPJ/MF 02.558.157/0001-62 - NIRE 35.3.0015881-4

4.CLOSING: Since there was no other business to be transacted, the meeting was closed and these minutes were drawn-up. São Paulo, April 17, 2019.

Flávio Stamm

Cremênio Medola Netto

Fiscal Board Member

Fiscal Board Member

Charles Edwards Allen

Carolina Simões Cardoso

Fiscal Board Member

Secretary of the Meeting

2

Disclaimer

Telefônica Brasil SA published this content on 17 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 April 2019 21:17:04 UTC


© Publicnow 2019
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Financials
Sales 2020 43 453 M 7 990 M 7 990 M
Net income 2020 4 875 M 896 M 896 M
Net Debt 2020 8 835 M 1 624 M 1 624 M
P/E ratio 2020 16,1x
Yield 2020 7,33%
Capitalization 75 933 M 13 963 M 13 962 M
EV / Sales 2020 1,95x
EV / Sales 2021 1,93x
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
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Average target price 61,45 BRL
Last Close Price 45,34 BRL
Spread / Highest target 54,4%
Spread / Average Target 35,5%
Spread / Lowest Target 23,5%
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
Sector and Competitors
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