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    MGLU3   BRMGLUACNOR2

MAGAZINE LUIZA S.A.

(MGLU3)
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Magazine Luiza S A : Notice to the Market - Distribution of IOE

12/22/2020 | 09:03pm EDT

MAGAZINE LUIZA S.A.

Publicly-held Company

Corporate Taxpayer ID: 47.960.950/0001-21

Company Registry (NIRE): 35.3.0010481.1

NOTICE TO THE MARKET

Magazine Luiza S.A. ​("Company​" or "Magalu​"), hereby informs its shareholders and the market in general that at the Board of Directors' Meeting on December 22, 2020 the Board approved the distribution of interest on equity (IOE) totaling One hundred and seventy Million Reais (R$170,000,000.00), corresponding to R$0.0263019985 per share, considering 6,463,387,160 common shares and excluding treasury shares. The amount corresponding to the IOE approved on this date will be allocated in the calculation of the dividends for the year 2020.

The payment will take place within thirty (30) days as of the effective date of the 2021 Annual Shareholders' Meeting. The calculation will be based on shareholding positions at the close of trading on December 29, 2020 and the Company's shares will be traded ​ex-interest-on-equity as of December 30, 2020. The value of the IOE per share may vary due to any change in the number of shares held in treasury until the close of trading on the base calculation date.

Payment will be made on the net amount, after deducting withholding income tax in accordance with the prevailing legislation, except in the case of shareholders who are exempt from this tax and who present documented proof of said status to the Company, care of the Investor Relations department, by January 31, 2021.

São Paulo, December 22th, 2020

Roberto Bellissimo Rodrigues

Chief Financial Officer and Director of Investor Relations

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Magazine Luiza SA published this content on 22 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 December 2020 01:50:02 UTC


© Publicnow 2020
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Financials
Sales 2021 37 544 M 6 769 M 6 769 M
Net income 2021 779 M 140 M 140 M
Net cash 2021 1 616 M 291 M 291 M
P/E ratio 2021 193x
Yield 2021 0,14%
Capitalization 140 B 25 219 M 25 231 M
EV / Sales 2021 3,68x
EV / Sales 2022 3,08x
Nbr of Employees 40 000
Free-Float 41,4%
Chart MAGAZINE LUIZA S.A.
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Magazine Luiza S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends MAGAZINE LUIZA S.A.
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 28,31 BRL
Last Close Price 21,65 BRL
Spread / Highest target 60,3%
Spread / Average Target 30,8%
Spread / Lowest Target -7,62%
EPS Revisions
Managers and Directors
NameTitle
Frederico Trajano Inácio Rodrigues Chief Executive Officer
Roberto Bellissimo Rodrigues Chief Financial Officer & IR Officer
Luiza Helena Trajano Inácio Rodrigues Chairman
André Fatala Chief Technology Officer
Fabrício Bittar Garcia Vice President-Operations & Commercial
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