UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July, 2016
Commission File Number: 001-14475
TELEFÔNICA BRASIL S.A.
(Exact name of registrant as specified in its charter)
TELEFONICA BRAZIL S.A.
(Translation of registrant’s name into English)
Av. Eng° Luís Carlos Berrini, 1376 - 28º andar
São Paulo, S.P.
Federative Republic of Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
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Form 20-F |
X |
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Form 40-F |
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
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Yes |
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No |
X |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
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Yes |
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No |
X |
TELEFÔNICA BRASIL S.A.
Publicly-held Company
CNPJ MF 02.558.157/0001-62 - NIRE 35.3.001.5881-4
NOTICE TO SHAREHOLDERS
PAYMENT OF INTEREST ON OWN CAPITAL AND INTERIM DIVIDENDS
YEAR 2015
I. The Board of Telefônica Brasil S.A. (“Company”) announces to its shareholders, as approved at its meeting held on July 26, 2016, that will start the payment of Interim Dividends and Interest on Own Capital ("IOC") for the fiscal year of 2015, as follows:
(a) August 23, 2016: the Company will start the payment of amounts related to Interim Dividends deliberated and published through Notice to Shareholders on the date of the Meeting of the Board of Directors held on May 12, 2015, and IOC deliberated and published through Notices to Shareholders on the dates of the Meetings of the Board of Directors held on May 12, 2015, July 20, 2015 and August 20, 2015. Such proceeds were ratified and approved by the General Shareholders’ Meeting held on April 28, 2016 ("GSM"), as follows:
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Proceeds |
Deliberation Date |
Record Date |
Gross Amount per Share (R$) |
Net Amount per Share (R$) | ||
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ON |
PN* |
ON |
PN* | |||
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Dividends |
05/12/2015 |
05/25/2015 |
0.170178573168 |
0.187196430485 |
0.170178573168 |
0.187196430485 |
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IOC |
05/12/2015 |
05/25/2015 |
0.324599871044 |
0.357059858148 |
0.275909890388 |
0.303500879426 |
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IOC |
07/20/2015 |
07/31/2015 |
0.122734955402 |
0.135008450942 |
0.104324712092 |
0.114757183301 |
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IOC |
08/20/2015 |
08/31/2015 |
0.131620744028 |
0.144782818431 |
0.111877632423 |
0.123065395666 |
(*) 10% higher than the amount granted to each common share, in accordance with article 7 of the Company’s Bylaws.
In accordance to the articles 27 and 28 of the Company’s Bylaws, such Dividends and Interest on Own Capital were charged to the mandatory minimum dividend for the fiscal year of 2015, ad referendum of the General Shareholders’ Meeting.
(b) December 13, 2016: the Company will start the payment of amounts related to IOC deliberated and published through Notice to Shareholders on the dates of the Meetings of the Board of Directors held on September 18, 2015, October 19, 2015, November 19, 2015 and December 17, 2015, and Dividends declared at the GSM. Such proceeds were ratified and approved by the GSM, as follows:
TELEFÔNICA BRASIL S.A.
Publicly-held Company
CNPJ MF 02.558.157/0001-62 - NIRE 35.3.001.5881-4
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Proceeds |
Deliberation Date |
Record Date |
Gross Amount per Share (R$) |
Net Amount per Share (R$) | ||
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ON |
PN* |
ON |
PN* | |||
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IOC |
09/18/2015 |
09/30/2015 |
0.081638183005 |
0.089802001305 |
0.069392455554 |
0.076331701109 |
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IOC |
10/19/2015 |
10/30/2015 |
0.048871837445 |
0.053759021190 |
0.041541061828 |
0.045695168011 |
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IOC |
11/19/2015 |
11/20/2015 |
0.130510020450 |
0.143561022495 |
0.110933517382 |
0.122026869120 |
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IOC |
12/17/2015 |
12/30/2015 |
0.16823296997 |
0.18505626697 |
0.14299802448 |
0.15729782693 |
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Dividends |
04/28/2016 |
04/28/2016 |
0.71487468232 |
0.78636215055 |
0.71487468232 |
0.78636215055 |
(*) 10% higher than the amount granted to each common share, in accordance with article 7 of the Company’s Bylaws.
In accordance to the articles 27 and 28 of the Company’s Bylaws, such Dividends and Interest on Own Capital were charged to the mandatory minimum dividend for the fiscal year of 2015, ad referendum of the General Shareholders’ Meeting.
II. WITHHOLDING INCOME TAX, ACCORDING TO CURRENT LEGISLATION
1 – Interest on Own Capital
An income tax of 15% is withheld at the source when paying Interest on Own Capital. No income tax will be withheld in the case of immune or exempt legal entities that provide proof of such condition within the established deadline.
2 – Dividends
Dividends are exempt from Income Tax Withholding, according to the Law 9,249/95.
III. ADDITIONAL INFORMATION:
Dividends not claimed within the period of 03 (three) years after the date of the payment beginning will be forfeited in favor of the Company (Law 6,404 of December 15, 1976, Article 287, II, a).
São Paulo, July 26, 2016.
TELEFÔNICA BRASIL S.A.
Publicly-held Company
CNPJ MF 02.558.157/0001-62 - NIRE 35.3.001.5881-4
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David Melcon Sanchez-Friera Investor Relations Officer Telefônica Brasil – Investor Relations Tel: +55 11 3430-3687 Email: ir.br@telefonica.com Information available at: www.telefonica.com.br/ir |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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TELEFÔNICA BRASIL S.A. | |||
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Date: |
July 26, 2016 |
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By: |
/s/ Luis Carlos da Costa Plaster | |
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Name: |
Luis Carlos da Costa Plaster |
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Title: |
Investor Relations Director |