submarino annouces payment of 3q06 interest on stockholders` capital

SUBMARINO ANNOUCES PAYMENT OF 3Q06
INTEREST ON STOCKHOLDERS’ CAPITAL
São Paulo, Brazil, September 22, 2006 - Submarino S.A. [BOVESPA: SUBA3] announces to
shareholders that its Board of Directors, at a meeting held on September 21, 2006, resolved on the
proposal of the Management regarding the payment of interest on stockholder’s capital related to the third
quarter of 2006 and approved said payment.
I – Interest on Stockholders’ Capital Amount
The payment of interest on stockholder’s capital in the gross amount of R$ 4,533,388.21, corresponds to
R$ 0, 0880819933 per common share.
II – Date of Credit
All outstanding shares on September 29, 2006 will have right to interest on stockholder’s capital. The credit
of interest on stockholder’s capital will be recorded in the Company’s books on September 29, 2006,
considering stock holdings as of September 29, 2006.
III – Ex-right Date
The shares will be traded at São Paulo Stock Exchange (BOVESPA) ex-right to interest on capital as of,
and including, October 02, 2006.
IV – Withholding Tax
Out of the amount to be credited as Interest on Stockholders’ Capital, a 15% withholding tax will be
collected, except for shareholders proving to be exempt or immunes from paying withholding tax or those
living in countries considered as tax heaven, from which a 25% withholding tax will be collected.
V – Proof of Immunity / Exemption
Immune or exempt shareholders shall verify if such condition is included in their records before the
Company’s custodian bank (Banco Itaú S.A.), and if necessary, shall update their records no later than
October 6, 2006 in order to benefit from said immunity / exemption.
VI – Interest Imputed to Dividends
The interest on stockholder’s capital, net of withholding income tax, will be assumed as mandatory
dividends related to the corporate year of 2006, in compliance with the Brazilian Corporate Law and the
Company Bylaws. The payment of interest on stockholder’s capital is determined according to the
Company quarterly intermediate dividends policy. It is important to notice that the percentage of the net
profits in each distribution, whether dividends or interest on stockholder’s capital, may vary and will be
adjusted every distribution, in order to assure the minimum dividend of 25% of the corporate year’s net
profit according to Brazilian Corporate Law and to the Company Bylaws. If the Company liberally decides to
pay any amount over said percentage, it shall not cause any addition obligation to the Company.
VII – Payment of Interest on Stockholders’ Capital
The interest on stockholders’ capital will be paid to shareholders on November 30, 2006, with no
remuneration. In order to be free of paying withholding taxes, pension funds shall deliver at the Company’s
headquarters no later than October 06, 2006, a specific declaration with certified signatures, as well as,
documents proving the rights. A draft of said declaration and additional information may be requested from:
Submarino S.A.
Relações com Investidores
Rua Henry Ford, 643 – Presidente Altino
Osasco, CEP: 06210-108 – State of São Paulo
Phone: +55 11 2189-1759
e-mail: [email protected]
The interest on stockholders’ capital will be credited into the banking accounts informed by the
shareholders to Banco Itaú S.A. In case of shareholders whose records do not include information about
individual/corporate taxpayers’ ID (CPF/CNPJ), the interest on stockholders’ capital will be credit as of the
3rd business day after the update of their records if personally requested at one of Banco Itaú S.A.
branches mentioned below. If such update is requested either at one branch not included in the list below
or by mail addressed to the Debenture and Share Unit located at Av Engenheiro Armando de Arruda
Pereira, 707 - 9º andar - Torre Eldoro Vilela - CEP 04344 902 - São Paulo – State of São Paulo, the
payment only will be effective after the confirmation of said record update on the Bank’s electronic files.
Banco Itaú’s branches where shareholders may update their records:
SECURITIES SPECIALIZED BRANCH – CITY OF BRASÍLIA
Contact person: Constancia Maria S de Oliveira
SCS Quadra 3 – Edif. D´Angela, 30, Bloco A, Sobreloja
CEP 70300-500
Centro – Brasília – Federal District
Phone: +55 61 3316 4850
SECURITIES SPECIALIZED BRANCH – CITY OF BELO HORIZONTE
Contact person:Jussara Maria Miranda de Souza
AV. João Pinheiro 195, Subsolo
Centro - Belo Horizonte – State of Minas Gerais
CEP 30130-180
Phone: +55 31 3249 3524
SECURITIES SPECIALIZED BRANCH – CITY OF CURITIBA
Contact person: Marcia Regina de N Machado
R. João Negrão 65, Sobreloja
Centro – Curitiba – State of Paraná
CEP 80010-200
Phone: +55 41 3320 4128
SECURITIES SPECIALIZED BRANCH – CITY OF PORTO ALEGRE
Contato: Sandra Ferreira da Silva
R. Sete de Setembro,746 Térreo
Centro - Porto Alegre – State of Rio Grande do Sul
CEP 90010-190
Phone: +55 51 3210 9150
SECURITIES SPECIALIZED BRANCH – CITY OF RIO DE JANEIRO
Contact person: Mônica Lopes Carvalho Rodrigues
R. sete de Setembro,99 Subsolo
Centro - Rio de Janeiro – State of Rio de Janeiro
CEP 20050-005
Phone: +55 21 2508 8086
SECURITIES SPECIALIZED BRANCH – CITY OF SÃO PAULO
Contact Person: Claudia A Germano Vasconcellos
R. Boa Vista,176 1º SUBSOLO
Centro - Sao Paulo – State of São Paulo
CEP 01092-900
Phone: +55 11 3247 3139
SECURITIES SPECIALIZED BRANCH – CITY OF SALVADOR
Contact Person: Watson Carlos Passos Barreto
AV. Estados Unidos ,50 2º AND - (ED SESQUICENTENÁRIO)
Comércio – Salvador – State of Bahia
CEP 40020-010
Phone: +55 71 3319 8010
For additional information please contact Submarino’s Investor Relations Area: [email protected].
Investor Relations Website: http://www.submarino.com.br/ir/
About Submarino
Submarino is the leading pure-play online retailer in Brazil. The Company built a strong brand and a
premium customer base by offering a superior breadth and depth of product selection with best-in-class
customer service. Through its website at www.submarino.com.br, the Company offers more than 700,000
items across 25 product categories that are sourced from more than 1,300 suppliers, in addition to ecommerce services, online travel and distribution of entertainment tickets. Submarino delivers in up to two
days to the main cities in Brazil and on the same day for certain items to the Sao Paulo metropolitan area.
This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results,
and those related to growth prospects of Submarino. These are merely projections and, as such, are based exclusively on the
expectations of Submarino’s management concerning the future of the business and its continued access to capital to fund the
Company’s business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government
regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and risks
disclosed in Submarino’s filed disclosure documents and are, therefore, subject to change without prior notice.