Sabesp Announces Dividend Payment in the Form of Interest on Own Capital
August 01 2008 - 8:00PM
PR Newswire (US)
SAO PAULO, Brazil, Aug. 1 /PRNewswire-FirstCall/ -- Companhia de
Saneamento Basico do Estado de Sao Paulo - Sabesp (NYSE: SBS;
Bovespa: SBSP3), one of the largest water and sewage service
provider in the world based on the number of customers, hereby
inform the Shareholders that on July 31, 2008, the Board of
Executive Officers, having heard the Fiscal Council, proposed and
the Board of Directors resolved on the payment of dividends in the
form of interest on own capital related to the period from January
to June 2008, to the Shareholders registered as such on August 12,
2008. The dividends as interest on own capital, totaling
R$200.496.228,24 corresponding to R$0.88 per common share will be
paid no later than 60 days after the 2009 Annual Shareholders'
Meeting. Income tax shall be withheld from payment of dividends as
interest on own capital, pursuant to the laws in force, except for
the immune or exempt shareholders proving such condition until
September 10, 2008, and corresponding documents shall be sent to
the Company's headquarters. Referring to the entities of
Supplementary Private Pension, Insurance Companies and Fapi, such
proof shall occur by means of Declaration, a model of which is
available at the Investors Area, in the item Information to
Shareholders on the website http://www.sabesp.com.br/. The
aforementioned interest on own capital will be computed in the
calculation of the mandatory minimum dividends, as provided for in
the caput of Article 29 of the Company's Bylaws. The shares now are
traded ex-interest from August 13, 2008. Further information may be
obtained at any of Banco Itau S.A.'s branches, which are
specialized in assisting shareholders, during banking hours. The
full version of the release is available at the Company's website.
Sabesp also informs that on July 11, 2008 announced to the market
that the Company's Form 20-F, regarding the year ended on December
31st, 2007, was filed with the SEC, and is available for download
at the Company's IR website. Shareholders may receive a hard copy
of the Company's Form 20-F, free of charge, by requesting a copy
within a reasonable period of time to Sabesp's Investor Relations.
DATASOURCE: Companhia de Saneamento Basico do Estado de Sao Paulo
CONTACT: IR Contact: Mario Arruda Sampaio, 5511-3388-8664, ; Angela
Beatriz Airoldi, 5511-3388-8793, Web site:
http://www.sabesp.com.br/
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