Dividend

As announced, Luz Saúde will not pay dividends in respect of the financial year ending 31 December 2013 given the capital increase completed in February 2014 as part of the IPO in order to reduce Luz Saúde debt to improve its financial position and increase flexibility for future investments.

The Board of Directors expects to be in a position to propose the payment of a dividend from 2015 onwards (beginning in respect of the financial year ending 31 December 2014) representing at least 25% of consolidated net income, subject to a proposal on the allocation of profits and the approval of the Company’s relevant corporate bodies. The Board of Directors can propose the revision of the dividend policy from time to time to reflect, among other matters, changes in business strategy and capital requirements.

 

 

Updated 25 March 2014