SUMMARY OF DELIBERATIONS OF THE BOARD OF DIRECTORS MEETING
On September 21, 2021, the members of the board of directors, summoned by the chairman Mr. Décio da Silva, met on a conference call in order to deliberate:
1. Approved by unanimous vote, as based on the estimated financial statements of September 30,
2021, to distribute interests on stockholders equity to the total amount of R$ 86,882,122.10, corresponding to R$ 0.020705882 per share or, after the 15% withholding income tax, as established on the second paragraph of article 9 of law No. 9.249/95, corresponding R$ 0.017600000 per share, based on the equity position on September 24, 2021, the shares being considered "ex-interests on stockholders equity" from September 27, 2021. The entities that are exempt from the previously mentioned taxation shall receive the total gross amount. Interests on stockholders equity, according to article 37 of WEG's by-laws and article 9 of law 9.249/95, are allotted to the obligatory dividends. Interest on stockholders' equity was calculated after the deduction of 1,306,348 shares held in treasury to a total of 4,196,011,650 shares. The date of credit will be on September 24, 2021, and the payment to shareholders will begin on March 16, 2022.
The board of directors took notice and approved by unanimous vote the executive team's continuity of the ESG related initiatives.
Approved, by unanimous vote, in compliance with item j of Article 22 of the Company's Bylaws, to authorize the Company to provide a collateral signature, surety, and other guarantees in favor of its subsidiary WEG Equipamentos Elétricos S.A. to contract a credit line of Prepayment of Exports (PPE), with Swap for Brazilian currency, with the following characteristics:
Total Amount ...... : Up to USD 100,000,000.00
Period ................ : Up to 18 months
Approved, by unanimous vote, the revision of the Related Party Transaction Policy.
Approved, by unanimous vote, the proposals for installation and work of the Audit Committee, its budget and members, starting their activities on October 2021.
DÉCIO DA SILVA
Chairman of the Board of Directors
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WEG SA published this content on 21 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2021 21:21:05 UTC.
WEG S.A. specializes in the manufacturing and marketing of electrical and electronic equipment. Net sales (including intragroup) break down by activity as follows:
- manufacturing of industrial automation equipment (32.4%): low and medium voltage electric motors, monitoring and protection systems, electrical panels, etc. ;
- production of electricity (10.5%): for thermal and hydropower plants.
The remaining of net sales (57.1%) are for activities insured abroad.
At the end of 2020, the group operated 47 production sites worldwide.