News

Material Fact

Interest on Equity 4Q20

Banrisul S.A., in accordance with Law No 6404, of December 15, 1976 and the regulation set forth by the Brazilian Securities and Exchange Commission ("CVM"), specially the CVM Instruction No 358, of January 3, 2002, informs its shareholders that interest on equity payment will be resumed, since they had been suspended according to Material Fact release on 06/04/2020, respecting the minimum required dividend disposed on Article 81 of Company ByLaws, and in accordance to disposal on CMN Resolution No 4820, of May 29, 2020.

Therefore, informs its shareholders that, in accordance with the Interest on Equity and Dividend Payment Policy, the payment of quarterly interest on equity for the 4th quarter of 2020 was approved in the meeting of the Board of Directors held on December 07, 2020, in the amount of R$42,000,000.00 (forty-two million reais), with the amount per class/type of share being R$0.10269590 for ON shares, R$0.10269590 for PNA shares and R$0.10269590 for PNB shares.

Shareholders registered in the Company‘s records on December 10, 2020 (date of declaration) will benefit, and the shares will be traded "ex-right" as of December 11, 2020.

The payment will occur on December 28, 2020 at the net amount of R$0.08729151 per ON shares, R$0.08729151 per PNA shares and R$0.08729151 per PNB shares, after the 15% (fifteen per cent) income tax withholding, except for shareholders legal persons exempt from said taxation and that prove their status as immune or exempt until December 17, 2020, being then entitled to receiving the declared amount.

The payment to the shareholders will occur as follows:

  • credited to the accounts of the shareholders holding accounts in Banrisul, subject to updating their register, if applicable. For the remaining shareholders, the payment will be made at any branch of Banrisul, upon shareholder‘s identification, or
  • holders of shares in custody at B3 S.A. - Brasil, Bolsa, Balcão will receive the payment of interest on equity through the brokerage firm where they maintain the respective deposit.

As stated in article 84 of the Company‘s Bylaws, in article 9 of Law No. 9,249/95 and of the Instruction No. 683/12 of the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários - CVM), the net amount of Interest on Equity will be credited to the dividend referring to fiscal year 2018.

Pursuant to the pertinent legislation, Law No. 6404 - article 287, unclaimed interest on equity payments expires in three years, as from the date they were made available to the shareholder.

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Porto Alegre, December 07, 2020.

Marcus Vinícius Feijó Staffen
Chief Financial and Investor Relations Officer