Cia. Hering’s shares are traded in the Bolsa de Valores de São Paulo – BOVESPA (The São Paulo Stock Exchange) under the code “HGTX3”, and are admitted to trading in the Novo Mercado segment, which represents the highest level of distinguished corporate governance practices.
Corporate Governance is a set of practices governing the manner in which corporations are managed and monitors, comprising relations between Shareholders, the Board of Directors, the Senior Management, the Independent Auditors and the Audit Committee. Good corporate governance practices have the purpose of strengthening the company’s growth strategy and contributing to its perpetuity.
Dividends represent the amount of money distributed to shareholders of a corporation. The value of the dividends is proportional to the number of shares held and the profits earned by the company during the preceding fiscal year. In accordance with the Brazilian Corporate Law, shareholders are assured a minimum dividend of 25% of the net income determined in each fiscal year, provided that the accrued profit/loss account shows a positive balance.
The Brazilian Corporate Law required the company to hold an Annual Shareholders Meeting until the fourth month after the closing of each fiscal year, in which shareholders shall resolve on the distribution of annual dividends. Payment of annual dividends is based upon the audited financial statements as of and for the immediately preceding fiscal year. According to the Brazilian Corporate Law, the annual dividend must be paid within 60 days from the declaration of such dividend, unless a shareholders’ resolution shall determine another payment date that, in any event, must occur prior to the closing of the fiscal year in which the dividend was declared.
Before resorting to a Securities Brokerage House, we suggest that you study the matter in the web site of BOVESPA. As a contribution to the education of newcomers, the São Paulo Stock Exchange prepared a Basic Course on the Securities Market. The course is composed of three different modules, which also offer some practical exercises to test your degree of knowledge. Click on the links below and check:
Thereafter, the next step is to find a Brokerage House. Brokerage houses and other financial brokers have a staff dedicated to analyzing the market, its different segments and participant companies. You may rely on these professionals to advise you on the correct time to buy and sell certain shares to obtain the best results.
You may also trade in shares through the Internet. For this purpose, you need to be a client of a Bovespa stockbroker adhering to the Home Broker system, which allows the trading of shares through the Internet. Check the list of Brokerage Houses that offer the Home Broker system.
All material facts, disclosure of results and other communications to the market of Medial are simultaneously disclosed to the CVM/Bovespa and in the investors’ relations area in the Company’s website (ir.ciahering.com.br). You may also receive this information by e-mail. Please click here to register for this purpose.
The complete financial statements are published annually in the newspapers Valor Econômico and Gazeta Mercantil. The quarterly financial statements, press releases, presentations, material facts and notices to shareholders are available at the investors’ relations area in the Company’s website (ir.ciahering.com.br). Further information on the Company may also be obtained in the websites of the São Paulo Stock Exchange (www.bovespa.com.br) eand of the Brazilian Securities and Exchange Commission (www.cvm.gov.br).
Last update: March 28, 2020