Localiza (RENT3) will pay R$423.8 million in interest on equity – Money Times


A Locate (RENT3) reported this Friday (20) that it will pay interest on equity in the gross amount of R$ 423.8 million.

According to the company, payment will be made on November 14th in proportion to each shareholder's participation, with Income Tax withheld at source, except for shareholders who are already proven to be immune or exempt.

“Shareholders with a shareholding position in the Company on 09/25/2024 will be entitled to payment, and the shares, as of 09/26/2024, will be traded on the stock exchange 'ex' this interest on equity”, said Localiza.

The gross value per share of interest on equity to be paid is equivalent to R$0.399525840. “The value per share may be modified due to the sale of treasury shares to meet the exercise of stock purchase options granted based on the Company's Stock Option Plans and/or due to the eventual acquisition of shares within the Company's Share Repurchase Plan”, he added.

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