Key Developments: Banco Pine SA (PINE4.SA)

PINE4.SA on Sao Paolo Stock Exchange

7.58BRL
31 Jul 2014
Price Change (% chg)

R$ -0.16 (-2.07%)
Prev Close
R$ 7.74
Open
R$ 7.63
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Volume
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R$ 10.04
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R$ 6.95

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Latest Key Developments (Source: Significant Developments)

Banco Pine SA announces Q2 2014 own capital interest and dividend payment
Tuesday, 1 Jul 2014 07:32am EDT 

Banco Pine SA:Says on June 30 it approved payment of own capital interest for the second quarter of 2014 fiscal year in the total gross amount of 16,733,000 Brazilian reais, to be done on July 17.It also approved payment, in complement to own capital interest, of dividends for the second quarter of FY 2014 totaling 3,267,000 reais to be done on July 17.Total gross remuneration to shareholders equals 20,000,000 reais for Q2 2014.These payments are to be imputed to minimum obligatory dividend value for FY 2014.Shareholders will receive gross value of 0.1413587230 reais per ordinary or preferred share as own capital interest and 0.0275992917 reais per ordinary or preferred share as dividend.Record date is June 30.Ex-dividend and ex-interest date July 1.  Full Article

Banco Pine SA appoints chief financial officer
Friday, 27 Jun 2014 07:53am EDT 

Banco Pine SA:Announces resignation of Harumi Susana Ueta Waldeck from the Chief Financial Officer (CFO) post.Appoints Norberto Zaiet Junior new CFO.Both changes effective as of July 1.  Full Article

Banco Pine SA announces Q1 2014 own capital interest and dividend payment
Tuesday, 1 Apr 2014 09:16am EDT 

Banco Pine SA:Says, on April 1, it approved payment of own capital interest for the first quarter of 2014 fiscal year in the total gross amount of 16,530,000 Brazilian reais, to be done on April 14.It also approved payment, in complement to own capital interest, of dividends for the first quarter of FY 2014 totaling 3,470,000 reais to be done on April 14.Total gross remuneration to shareholders equals 20,000,000 reais for Q1 2014.These payments to be imputed to minimum obligatory dividend value for FY 2014.Shareholders will receive gross value of 0.1365576604 real per ordinary or preferred share as own capital interest and 0.0286663691 real per ordinary or preferred share as dividend.Record date is April 1.Ex-dividend and ex-interest date April 2.  Full Article

Banco Pine SA announces Q4 own capital interest and dividend payment
Monday, 30 Dec 2013 05:40am EST 

Banco Pine SA:Says, on Dec. 27 it approved the payment of own capital interest for the fourth quarter of the 2013 fiscal year in the total gross amount of 15,936,000 Brazilian reais, to be done on Jan. 13, 2014.Says it also approved the payment, in complement to the own capital interest, of dividends for the fourth quarter of the 2013 fiscal year totaling 14,064,000 Brazilian reais to be done on Jan. 13, 2014.Says the total gross remuneration to shareholders equals 30,000,000 Brazilian reais for the fourth quarter of the 2013 fiscal year.Says these payments will be imputed to the minimum obligatory dividend value for the 2013 fiscal year.Says shareholders will receive the gross value of 0.1463034849 Brazilian real per ordinary or preferred share as own capital interest and 0.1291172322 Brazilian real per ordinary or preferred share as dividend.Says record date is Dec. 30.Says shares will be traded ex-dividends and ex-interests as of Jan. 2, 2014.  Full Article

Banco Pine SA Announces Bonus Shares
Tuesday, 15 Oct 2013 10:41am EDT 

Banco Pine SA announced that on November 1, 2013 it will deliberate on a capital increase through capitalization of part of Legal Reserve and Statutory Reserves account balance, attributing to shareholders, as a bonus, 11.521270762367 new bonus shares per each lot of 100 shares. The capital increase totals BRL 145 million through the issue of 12,770,443 new shares, of which 6,733,594 ordinary shares and 6,036,849 preferred shares.  Full Article

Banco Pine SA Finalizes Syndicated Loan
Tuesday, 1 Oct 2013 07:54am EDT 

Banco Pine SA announced that on September 27, 2013 it finalized a syndicated loan in the amount of USD 100 million for the period of two years with eight foreign commercial banks and Banco Votorantim.  Full Article

Banco Pine SA Announces Q3 2013 Own Capital Interest and Dividend Payment
Tuesday, 1 Oct 2013 07:51am EDT 

Banco Pine SA announced that, on September 30, 2013 it approved the payment of own capital interest for the third quarter of the 2013 fiscal year in the total gross amount of BRL 15,638,000, to be done on October 14, 2013. It also approved the payment, in complement to the own capital interest, of dividends for the third quarter of the 2013 fiscal year totaling BRL 14,362,000 to be done on October 14, 2013. The total gross remuneration to shareholders equals BRL 30,000,000 for the third quarter of the 2013 fiscal year. These payments will be imputed to the minimum obligatory dividend value for the 2013 fiscal year. Shareholders will receive the gross value of BRL 0.1435676391 per ordinary or preferred share as own capital interest and BRL 0.1318530780 per ordinary or preferred share as dividend. Record date is September 30, 2013. Shares will be traded ex-dividends and ex-interests as of October 1, 2013.  Full Article

Banco Pine SA Adjusts Value per Share for Q2 2013 Own Capital Interests and Dividends
Tuesday, 2 Jul 2013 07:56am EDT 

Banco Pine SA announced that it has adjusted value per share for own capital interests and dividend for the second quarter of 2013 fiscal totaling BRL 15,719,000 for own capital interests and BRL 14,281,000 for dividends. The value per share for own capital interests was changed to BRL 0.143492017 and to BRL 0.130365131 for dividends.  Full Article

Banco Pine SA Announces Q2 2013 Own Capital Interest and Dividend Payment
Friday, 28 Jun 2013 09:13am EDT 

Banco Pine SA announced on june 27, 2013 distribution of own capital interests and dividend both for the second quarter of 2013 fiscal year totaling BRL 15,719,000 for own capital interests corresponding to gross BRL 0.1433350035 per share and dividend totaling BRL 14,281,000 corresponding to BRL 0.1302224814 per share. Payments will be done on July 12, 2013. Shares will be traded ex-rights as from July 1, 2013.  Full Article

Fitch Ratings Upgrades Banco Pine SA's Rating
Friday, 10 May 2013 08:10am EDT 

Banco Pine SA announced that Fitch Ratings upgraded the Company's long term rating (IDR) in national and foreign currency from BB to BB+. The national long term rating was upgraded from A+(bra) to AA-(bra). The debt rating agency motivated the upgrade by the Company's capacity to maintain and improve its credit profile in the last years. Moreover, it reflects the consistent performance of the Company.  Full Article

Fitch Expects to Rate Banco Pine S.A.'s BRL250MM Issuance of Letras Financeiras 'AA-(bra)'

(The following statement was released by the rating agency) SAO PAULO, June 27 (Fitch) Fitch Ratings expects to assign Banco Pine S.A.'s (Pine) upcoming issue of Brazilian Real denominated (BRL) Letras Financeiras a National Long-Term rating of 'AA-(bra)'. The amount of the issuance will be up to BRL 250 million. They will be sold in a single series with a 2 years tenor and interest and principal will be paid at maturity. The interest rate will be 119% over the DI (Depositos Interfinanceiro

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