Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes ______ No ___X___
Investor Relations | |
(55 61) 415-1140 | |
ri@brasiltelecom.com.br | |
Media Relations | |
(1 212) 983-1702 | |
cesarb@brasiltelecom.com.br |
Free Translation
BRASIL TELECOM PARTICIPAÇÕES S.A.
Publicly Traded Company
Corporate Taxpayer Registration CNPJ/MF 02.570.688/0001 -70
Board of Trade 53 3 0000581 8
MATERIAL FACT
CREDIT OF INTEREST ON EQUITY
We hereby inform shareholders of Brasil Telecom Participações S.A. (Company) that the Companys Senior Management resolved, on March 27, 2008, following a delegation from the Board of Directors specified at a meeting held on March 27th, 2008, the appropriation of Interest on Equity in the amount of R$187,000,000.00 (one hundred eigthty seven million reais), which corresponds to a gross amount of R$0.515878559 per share or an amount net of income tax of R$0.438496775 per share, common and preferred, pursuant to Article 9 of Law 9,249 of December 26th, 1995 and to Brazilian Securities and Exchange Commissions (Comissão de Valores Mobiliários) Deliberation 207/96.
I Income Tax Withheld: Income tax at a rate of 15% will be withheld from the amount of Interest on Equity, except with respect to those shareholders who demonstrate exemption from tax or eligibility to be taxed at a different rate.
II Date of the Credit: The credit in the books of Brasil Telecom Participações S.A. of Interest on Equity in the total amount of R$187,000,000.00, will be made on March 31th, 2008.
III Date of Trading ex-Interest on Equity: As of April 9th, 2008, the Companys shares will trade Ex-Interest on Equity, with respect to shares held of record on April 8th, 2008.
IV Information regarding the Payment of Dividends: The interest on equity shall be charged to dividends with respect to fiscal year 2008 and shall be subject to approval at the Ordinary General Shareholders Meeting in 2009. The payment date, when resolved, will be informed through the publication of Notice to Shareholders.
V Confirmation of Tax Exemption or Different Tax Rate Eligibility: Legal persons who are exempt from the income tax or are eligible to be taxed at a tax rate different than 15%, in compliance with the current law, shall demonstrate such exemption or eligibility to the Custodian Bank Banco ABN AMRO REAL S.A., Gerenciamento de Acionistas de Terceiros, Av. Brigadeitro Luiz Antônio, 2020/6º Andar Bela Vista CEP 01.318 -911 São Paulo - SP, on or before April 22th, 2008.
VI Amount Appropriated in Fiscal Year 2008:
DATE OF THE CREDIT |
BRAZILIAN EX- DATE |
TOTAL APPROPRIATED (R$) |
GROSS AMOUNT PER SHARE (R$) |
AMOUNT NET OF INCOME TAX PER SHARE (R$) |
03/31/2008 | 04/09/2008 | 187,000,000.00 | 0.515878559 | 0.438496775 |
Brasília, Brazil, March 28th, 2008.
Paulo Narcélio Simões Amaral
Investor Relations Officer
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BRASIL TELECOM PARTICIPAÇÕES S.A. |
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By: |
/S/ Paulo Narcélio Simões Amaral
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Name: Paulo Narcélio Simões Amaral
Title: Chief Financial Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.