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Cielo to pay interest on equity; director, executive board member leave

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Cielo to pay interest on equity; director, executive board member leave

Cielo SA's board of directors approved the declaration of interest on shareholders' equity for up to 318.2 million Brazilian reais, relating to the second half of 2017.

The estimated gross value per share referring to the interest on shareholders' equity is 11.72 centavos.

The interest on equity will be paid to shareholders on March 29, 2018, based on the shareholding position as of Dec. 27. The company's shares will be traded as "ex-interest on shareholders' equity" as of Dec. 28.

The company's board also approved the resignations of Alberto Monteiro de Queiroz Netto as board director and Luciano Daniel Simões Caurim as member of the executive board.

As of Dec. 12, US$1 was equivalent to 3.33 Brazilian reais.