Itaúsa (ITSA4) pays interest on equity and announces share buyback

a Itisa (ITSA4) reported on Monday (15th) that the quarterly dividend to be paid on July 3 of this year will be in the form of interest on equity (JCP) in the amount of 0.0235295 Brazilian reals per share. The company also announced a program Stock repurchase.

According to the holding company, the proceeds will have an income tax withholding of 15%, resulting in a net interest 0.02 Brazilian real per share, Except for shareholders of companies who are found to be immune or exempt from this attachment.

Interest on own capital, paid in advance Mandatory return For fiscal year 2023, it is calculated based on final shareholder status on May 31 and will be credited individually for each shareholder in the company’s records on June 30.

“Under the terms of the Company’s shareholder remuneration policy, Itaúsa declares that the payment system for its quarterly dividend has not changed and that it will inform, in due course, the manner in which such dividend will be declared (dividend or JCP).”

For shareholders on the company’s books with recent registrations and bank details, Itaúsa said, payment will be made by crediting the accounts they indicated.

For shareholders registered with the B3 central depository, payment will be made directly to said central depository, which will pass it on to shareholders through custodial agents, according to the company.

Itausa shareholders, as well as Itaú account holders and with shares in a login environment, can automatically invest net dividends and/or JCP in stock purchases by joining the Dividend Reinvestment Program.

Repurchase of Itisa shares

Itaúsa’s board of directors approved the share buyback program.

“With a view to using part of the existing resources for dividend reserves, the Board of Directors of the Company approved the acquisition, from 05.16.2023 to 11.16.2024, of Up to 10 million preferred sharesIt is the responsibility of Itisa’s Board of Executive Officers to effectively determine the opportunity and number of shares to be acquired, within the permissible limits and validity period for acquisitions.”