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Form 20-F ___X___ Form 40-F _______
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FISCAL COUNCIL478th Meeting
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03.27.2019 |
OPINION SPECIAL RETENTION OF DIVIDENDS
The Fiscal Council of Centrais Elétricas Brasileiras S.A. - Eletrobras, within the scope of its legal and statutory attributions, based on the information provided by the Company throughout the year and on the analysis of the documentation presented showing the Company's financial situation incompatible with the payment of all mandatory dividend (25%) related to the 2018 financial year, is in favor of the Management's proposal to set up the Special Dividend Reserve in the amount of R$ 2,291,889 thousand (§4 and §5 of article 202 of Law 6,404/76) .
Rio de Janeiro, March 27 2019.
Agnes Maria de Aragão da Costa |
José Wanderley Uchôa Barreto |
Fiscal Council President |
Board Member |
Eduardo Coutinho Guerra |
Patricia Valente Stierli |
Board Member |
Board Member |
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André Eduardo Dantas
Board Member
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS | ||
By: |
/S/ Elvira Baracuhy Cavalcanti Presta
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Elvira Baracuhy Cavalcanti Presta
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 actually 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.