April 5, 2013 – Santiago, Chile.
Quiñenco S.A. reported today that its Board of Directors has proposed a final dividend distribution of Ch$69,821,288,484 equivalent to Ch$51.92804 per share. The proposal will be put forth at the Company’s Ordinary Shareholders Meeting to be held at the end of April 2013.
At the Board of Directors’ meeting, which was held on April 5, 2013, the Board proposed that 50.00% of 2012 Net income attributable to controllers’ shareholders (“2012 liquid net income”) be distributed, composed of:
- A minimum legal dividend of Ch$41,892,767,712, equivalent to 30.00% of 2012 liquid net income and
- An additional dividend of Ch$27,928,520,772, equivalent to 20.00% of 2012 liquid net income.
If the final dividend proposal is approved at the Ordinary Shareholders Meeting, it will be payable as of May 13, 2013.