TAM Announces Approval for Payment of Dividends and Interest on Stockholder's Capital
March 29 2008 - 4:28PM
PR Newswire (US)
SAO PAULO, March 29 /PRNewswire-FirstCall/ -- TAM S.A. (BOVESPA:
TAMM4, NYSE: TAM) announces to shareholders that its Board of
Directors, at a meeting held on March 28, 2008, approved the
financial statements, related to the year ended on December 31,
2007. It has also approved the supplementary dividends payment of
R$ 0.23 and interest on stockholder's capital of R$ 0.21 per share
to all shareholders. Calculation was based on the profits referring
to the year 2007 verified in the financial statements. The calendar
for payment is as follows: (Logo:
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO ) Date of
Credit All stockholders subscribed in the registers of the company
on March 28, 2008 will be entitled to receive dividends and
interest approved. Ex-dividend Date The transactions carried out on
the Sao Paulo Stock Exchange (BOVESPA) and New York Stock Exchange
(NYSE) as of, and including, March 31, 2008, will be ex-dividends
and interest. Payment of Dividends and Interest on Stockholder's
Capital The dividends and interest on stockholder's capital will be
paid to stockholders on April 15, 2008. More information on the
dividend policy can be found at TAM's website:
http://www.tam.com.br/ir About TAM: TAM (http://www.tam.com.br/)
has been the leader in the Brazilian domestic market for more than
three years and held a 50.6% domestic market share and 67.3%
international market share at the end of February 2008. TAM
operates regular flights to 42 destinations throughout Brazil. It
serves 79 different cities in the domestic market through regional
alliances. Additionally, it maintains code-share agreements with
international airline companies that allow passengers to travel to
a large number of destinations throughout the world. TAM was the
first Brazilian airline company to launch a loyalty program.
Currently, the program has over 4.5 million subscribers and has
awarded more than 5.2 million tickets.
http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO
http://photoarchive.ap.org/ DATASOURCE: TAM S.A. CONTACT: Investor
Relations Contact, 55-11-5582-9715, Fax 55-11-5582- 8149, ; Press
Agency, 55-11-5582-8167, Fax 55-11-5582-8155, , or MVL Comunicacao,
55-11-3594-0302, or 55-11-3594- 0304, or 55-11-3594-0305 Web site:
http://www.tam.com.br/
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