Ordinary and Extraordinary General Meeting Presentation
4. INFORMATIONS ABOUT THE AGENDA
1. The amount of R$ 443,211,377.51, to the Company's legal reserve account;
2. The amount of R$ 6,200,000,000.00, as dividends and Interest on Equity to
shareholders, which have been the object of decision in the meetings of the Board of
Directors held on January 19, 2023; April 13, 2023; July 13, 2023; and October 10,
2023, of which R$ 5,820,000,000.00 as Interest on Equity allocated within the
mandatory minimum dividends and R$ 380,000,000.00 as interim dividends; and
3. The balance of the remaining net profit after the distributions above, to the value
of R$ 2,221,016,172.74, for the Dividend Equalization Reserve account, pursuant to
Article 36, item III-a of the Company's Bylaws.
The management understands that the proposal for allocation of net profits above
was formulated in accordance with the legal and statutory obligations applicable to
the Company, and is in line with the goals and strategies of the Company, which is
why the board recommends its approval without restrictions.
(b) Distribution of Dividends
which have been the object of decision in the meetings of the Board of
Directors held on January 19, 2023; April 13, 2023; July 13, 2023; and
October 10th, 2023, of which R$ 5,820,000,000.00 as Interest on Equity
allocated within the mandatory minimum dividends and R$
380,000,000.00 as interim dividends and were paid to shareholders based
on their respective shares in the share capital of the Company.
III. TO FIX the annual global compensation of the Company's
management and members of Audit Committee
The management presents a proposal for remuneration of the Company's
management, complying with the provisions of Article 13, items I and II of
CVM Resolution 81/22 and item 8 of the Reference Form of the Company,
on the terms of Exhibit IV to the Management Proposal document.
For the period from January to December, 2024, the amount proposed by
the management as the annual global compensation for the Company's
management (Board of Directors and Executive Board) is of up to R$
500,000,000.00 (five hundred million Brazilian Reais), covering fixed
remuneration, variable remuneration and the stock base remuneration.
As better detailed in the Exhibit III of the Management Proposal document, the
Company management has approved the distribution to its shareholders the
global amount of R$ 6,200,000,000.00, as dividends and Interest on Equity to the
shareholders,
The amount proposed by the Board of Directors as annual global
compensation of the members of the Audit Committee for the twelve (12)
months period counting from January 1st, 2024 is of up to R$ 4,000,000.00
(four million Brazilian Reais).
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