Corticeira Amorim SGPS S A : Payment of a gross dividend of 0.085€ per share from the 19th December 2019
December 02, 2019 at 06:20 am EST
Share
Corticeira Amorim, SGPS, S.A. Sociedade Aberta
Edifício Amorim I
Rua de Meladas, n.º 380 4536-902 Mozelos VFR Portugal
Share Capital: € 133,000,000.00 A company incorporated in Santa Maria da Feira - Portugal Registration and Corporate Tax ID nº: PT 500 077 797 www.corticeiraamorim.com
Investor Relations Officer: Ana Negrais de Matos, CFA tel: + 351 227 475 423 fax: + 351 227 475 407ana.matos@corticeira.amorim.com
Dividend Payout
According to a resolution passed at the Extraordinary General Meeting of the Company held today 02ndDecember 2019, we are pleased to announce that the following dividends per share will be available to Shareholders from the 19 day of december 2019:
Individuals:
Companies:
Gross Dividend:
€ 0.085
Gross Dividend:
€ 0.085
Personal Income Tax (28%)(*):
€ 0.0238
Corporate Income Tax (25%)(*): € 0.02125
Net Dividend:
€ 0.0612
Net Dividend:
€ 0.06375
Dividends are subject to a definitive withholding tax of 35% when paid or made available to: (i) bank accounts opened in name of one or more holders but on behalf of unidentified third parties, except in the case that the final beneficiary is identified: or (ii)non-resident entities with no permanent establishment in Portuguese territory, which are domiciled in a country, territory or region under a tax regime clearly more favorable, included in the approved list published by the Ministry of Finance.
Dividends shall be paid through the Central Securities Depository. The paying agent appointed for this purpose is Banco BPI, SA.
A shareholder who shall have not yet converted his/her physical share certificates into dematerialized form cannot exercise his/her right to dividends before carrying out the conversion. Dividends shall be paid immediately upon conversion.
A shareholder who is entitled to exemption or reduction from the above withholding tax (Personal or Corporate) must provide credible evidence thereof to his/her financial intermediaries prior to the dividend payment date.
Mozelos, december 02, 2019
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Corticeira Amorim SGPS SA published this content on 02 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2019 11:19:05 UTC
Tracing its roots back to the 19th century, Corticeira Amorim, SGPS, S.A. has become the world's largest cork and cork-derived company in the world, generating more than EUR 1,021 million in sales to more than 100 countries through a network of dozens of fully owned subsidiaries. With a multi-million Euro R&D investment per year, Corticeira Amorim, SGPS, S.A. has applied its specialist knowledge to this centuries-old traditional culture, developing a vast portfolio of products, solutions and materials that are used by blue-chip clients in industries as diverse and demanding as wines & spirits, aerospace, automotive, construction, sports, architecture and design.
Net sales by business unit break down between Cork Stoppers (72.8%), Floor and Wall Coverings (12.5%), Composite Cork (12%), Insulation Cork (1.4%) and Raw Materials (1.4%).
Net sales are distributed geographically as follows: Portugal (7.5%), EU excluding Portugal (62.6%), Other European countries (2.4%), the United States (14.6%), America excluding the United States (7%), Australasia (4.5%) and Africa (1.4%).
Corticeira Amorim, SGPS, S.A.'s responsible approach to raw materials and sustainable production illustrates the remarkable interdependence between industry and a vital ecosystem - one of the world's most balanced examples of social, economic and environmental development.
CORTICEIRA AMORIM, SGPS, S.A. 
