Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
TIM PARTICIPAÇÕES S.A.
Publicly Held Company
Corporate Taxpayer ID (CNPJ/MF) 02.558.115/0001-21
Company Registry (NIRE) 33.300.276.963
NOTICE TO SHAREHOLDERS
PAYMENT OF DIVIDENDS
We hereby communicate to Shareholders that by resolution of the Annual/Extraordinary General Meeting of Shareholders held on April 11th, 2011, the Company will begin, on June 10th, 2011, the payment of dividends relative to fiscal year 2010 to be distributed both for ordinary and preferred shares. Therewith, the date to identify the shareholders that will have dividends rights was established as being April 11th, 2011. The shares purchased from April 12th, 2011 shall not be entitled to dividend rights.
1 – DIVIDENDS PER SHARES:
Dividends | Value per share |
Ordinary Shares |
R$ 0.200591462 |
Preferred Shares |
R$ 0.200591462 |
2 – FORM OF PAYMENT (BOOK-ENTRY SHARES):
2.1. For shareholders with shares held in trust custody (CBLC - Companhia Brasileira de Liquidação e Custódia), payment is made directly through the BM&FBOVESPA S.A. – Bolsa de Valores, Mercadorias e Futuros, and than transferred to shareholders through the custody agents;
2.2. Credit to the bank account designated by the shareholder; and
2.3. Dividends paid through the bank branches of Banco Bradesco S.A., for those not falling within one of the above mentioned alternatives;
3 - GENERAL INSTRUCTIONS:
To qualify to receive dividends, shareholders must present, if individuals, their CPF taxpayer card and personal identification document; if legal entities, shareholders must present the CNPJ corporate taxpayer card, articles of incorporation, bylaws, minutes of the shareholders’ meeting that elected the current officers and the CPF personal taxpayer card and personal identification document of the company’s legal representatives, and when the company is represented by proxy, the respective power of attorney instrument, duly registered, that specifies the power to receive dividends.
4- SHAREHOLDER SERVICES LOCATIONS:
4.1. At any bank branches of Banco Bradesco S.A.;
4.2. Additional clarifications may be obtained at Banco Bradesco S.A. e-mail address: 4010.acecustodia@bradesco.com.br.
Pursuant to Article 287, Item II, Letter “a” of Law 6,404/76 (Brazilian Corporation Law), the right to receive dividends expires in 3 (three) years from the date on which the dividends are made available to shareholders, and under Article 206, Paragraph 3, Item II of Brazil’s Civil Code, the option to make interest, dividend or supplementary payments expires in 3 (three) years.
Rio de Janeiro, April 11th, 2011.
Claudio Zezza
Chief Financial and Investors Relations Officer
TIM Participações S.A.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TIM PARTICIPAÇÕES S.A. | |||
Date:June 10, 2011 | By: | /s/ Claudio Zezza | |
Name: Claudio Zezza | |||
Title: CFO and Investor Relations Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.