Grendene is one of the largest producers of footwear in the world. It has some of the best-known brands on the Brazilian market, such as Melissa, Ipanema, Grendha, Zaxy, Rider, Cartago and Grendene Kid's. For more information visit our website (Profile)
Since Grendene opened its capital on October 28, 2004, it issued only common shares i.e. shares with voting rights at the General Meetings of Shareholders. The Company was registered at the highest level of Corporate Governance, the Novo Mercado of the BM&FBovespa S.A. - Bolsa de Valores, Mercadorias e Futuros.
Consult our schedule of corporate events on our Investor Relations site. All Grendene´s communications with the market are carried out simultaneously through the Brazilian Securities and Exchange Commission (CVM, and the B3 (BM&FBovespa) and the Company´s own investor relations website (http://ri.grendene.com.br/en).
The complete financial statements and corporate acts are published in the newspaper "O Povo", printed and digital editions. The Relevant Facts are published on the portal http://www.valor.com.br/valor-ri.
The Company website contains the quarterly financial statements, press releases, presentations, official market notices, messages to shareholders and minutes of meetings. All you need do is visit the Financial Information, Communications and Corporate Governance sections, sub-item Corporate Acts. (http://ri.grendene.com.br/en).
Other information about the Company can also be found on the sites of the B3 S.A. - Bolsa, Brasil, Balcão (http://www.b3.com.br) and the Brazilian Securities and Exchange Commission (CVM) (http://www.cvm.gov.br)
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The Novo Mercado ("New Market" in English) is a segment of shares of listed companies which have voluntarily committed themselves to corporate governance practices which go beyond those required by law. These rules increase the rights of shareholders and, improve the quality of the information usually provided by companies, amongst other benefits.
The main innovation of the Novo Mercado in relation to the legislation is that it prohibits the issue of preferred shares.
This information is in the “Educational” section of B3’s institutional website. In addition, B3 offers free courses and lectures throughout the country, which can be consulted in the same education area on the Exchange website.
Grendene´s By-Laws foresee the extension to other shareholders of the same conditions as the controlling shareholders when control of the company is sold, i.e. 100% of tag-along rights.
EBIT (Earnings Before Interest and Taxes) is the main way of calculating Grendene´s operating profit. This figure represents the operating income i.e. the profit reached after operating costs, expenses and discounts granted to clients are deducted. Through the EBIT, the Company can calculate the purely operational performance i.e. without the impact of its financial structure, non-operational items and other tax items.
EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) is the main way of calculating Grendene´s cash generation. This figure is reached by adding the EBIT to depreciation and amortization.
Shareholders should keep their details registered and updated with Banco Bradesco S.A. S.A. (custodian bank) to ensure the complete exercise of their rights. All that needs to be done is to go to any branch of Banco Bradesco S.A. with the correct documents. Investors whose bank details are updated in the share registration, whether they are accountholders of Itaú or other banks automatically receive the amounted decided on the date of the start of the payment stipulated by Grendene.
They are also notified through a "Written Notice of Credited Revenues", which specifies all the details of the amount credited. Should investors not have the details of the bank figures, the dividends will be available from the date of the start of the payment stipulated by the company. The investor should go to a Banco Bradesco S.A. branch to receive them, bringing all the identification documents and the "Written Notice of Credited Revenues" in which the payment was notified.
The dividend payment is quarterly, on dates to be determined by the Board in approving the results of each quarter, "ad referendum" of the Annual General Meeting to consider the balance sheet and financial statements for the current fiscal year.
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