GREY:HRTPF - Post by User
Post by
robnhoodon Mar 28, 2014 5:26pm
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Post# 22384125
something
somethingIn RCA 03.27.2014, consisted in their agendas the following paragraph of the opinion of the Supervisory Board:
Administrative Sanctioning Process CVM In RJ-2013-11703, which deals with the calculation related to the indemnification agreement (severance package) approved in RCAs of 22/01/2013 and 04/03/2013. The indemnification agreements already paid involved the approximate amount of R $ 26.3 million, recorded as this expense. There are also procedures including arbitration underway in order to decide whether the amounts paid by the Company to the former executives are correct. The administration informed the Supervisory Board that has the expectation that R $ 9.7 million will be returned to the Company.
Note: a part of the Minutes of the Board Meeting of 27/03/2014 is available on the BM & FBOVESPA (www.bmfbovespa.com.br) in Listed Companies / Information Relevant site.