Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Brazil
  4. Bolsa de Valores de Sao Paulo
  5. Telefônica Brasil S.A.
  6. News
  7. Summary
    VIVT4   BRVIVTACNPR7

TELEFÔNICA BRASIL S.A.

(VIVT4)
SummaryChartsNewsRatingsCalendarCompany 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Telefonica Brasil : 02/15/2019 Minutes of the 170th of the Fiscal Board

02/15/2019 | 04:27pm EDT

TELEFÔNICA BRASIL S.A.

Publicly-held Company

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

MINUTES OF THE 170th MEETING OF THE FISCAL BOARD OF TELEFÔNICA BRASIL S.A.,

HELD ON FEBRUARY 14, 2019.

1. DATE, TIME AND PLACE: February 14, 2019, at 9:30 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 the period, in the gross amount of R$700,000,000.00 (seven hundred million reais), which is equivalent to R$595,000,000.00 (five hundred and ninety-five million reais) net of income tax. The interest per share equals R$0.38875331153 per common share (R$0.33044031480 net of income tax) and R$0.42762864269 per preferred share (R$0.36348434628 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 February 28, 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 effective payment of the IOC declared on this date is limited to the effective value to be determined in its financial statements, under the terms of the law."

1

TELEFÔNICA BRASIL S.A.

Publicly-held Company

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

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

4. CLOSING: Since there was no other business to be transacted, the meeting was closed and these minutes were drawn-up. São Paulo, February 14, 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 15 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 February 2019 21:26:06 UTC


© Publicnow 2019
All news about TELEFÔNICA BRASIL S.A.
05/27TELEFÔNICA BRASIL S A  : Corporate Presentation | May-21
PU
05/19Barclays Adjusts Telefonica Brasil PT to $9.50 From $8.50, Maintains Equal We..
MT
05/14TELEFÔNICA BRASIL S A  : NOTICE TO THE MARKET CREATION OF VIDA V IN PARTNERSHIP ..
PU
05/14TELEFÔNICA BRASIL S A  : Efficiency in executing the commercial strategy ensures..
PU
05/11TELEFÔNICA BRASIL S A  : Results Presentation 1Q21
PU
05/11TELEFÔNICA BRASIL S A  : Earnings Release 1Q21
PU
05/03TELEFÔNICA BRASIL S A  : Telefônica brasil s.a
PU
04/29TELEFÔNICA BRASIL S A  : Telefônica brasil s.a
PU
04/15TELEFÔNICA BRASIL S A  : Notice to the market - Recalculation of the amount per ..
PU
04/15TELEFÔNICA BRASIL S A  : Notice to Shareholders - Deliberation of Interest on Ow..
PU
More news
Chart TELEFÔNICA BRASIL S.A.
Duration : Period :
Telefônica Brasil S.A. Technical Analysis Chart | VIVT4 | BRVIVTACNPR7 | MarketScreener
Managers and Directors
NameTitle
Christian Mauad Gebara Chief Executive Officer & Director
David Melcon Sanchez-Friera Chief Financial & Investor Relations Officer
Eduardo Navarro de Carvalho Chairman
Francisco Javier de Paz Mancho Director
Luiz Fernando Furlán Director
Sector and Competitors
1st jan.Capitalization (M$)
TELEFÔNICA BRASIL S.A.0.00%14 991
VERIZON COMMUNICATIONS-2.40%237 350
CHARTER COMMUNICATIONS, INC.3.81%129 565
CHINA MOBILE LIMITED9.95%128 228
DEUTSCHE TELEKOM AG18.98%102 099
NIPPON TELEGRAPH AND TELEPHONE CORPORATION10.13%96 130