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Bylaws, Codes, Policies and Internal Regulations

Code of conduct
Bylaws
Políticas
Nomination Policy for the Members of the Board of Directors and Fiscal Council, Evaluation Committees and Board of Executive Officers

Click here to access our Nomination Policy for the Members of the Board of Directors and Fiscal Council, Evaluation Committees and Board of Executive Officers

Remuneration Policy for the Members of the Board of Directors and Fiscal Council, Evaluation Committees and Board of Executive Officers

Click here to access our Remuneration Policy for the Members of the Board of Directors and Fiscal Council, Evaluation Committees and Board of Executive Officers (Only Portuguese)

Dividend Policy

Cyrela intends to declare and pay dividends and/or interest attributable to stockholders’ equity, in each fiscal year, in amounts equivalent to approximately 25.0% of its adjusted net income, in accordance with the Brazilian Corporate law.

The declaration of annual dividends, including dividends in excess of the minimum mandatory dividend, requires approval by a majority vote of the holders of Company’s common shares and will depend on many factors. These factors include their results of operations, financial condition, cash requirements, future prospects and other factors deemed relevant by their board of directors and shareholders. Within the context of their tax planning, they may in the future determine that it is to their benefit to distribute interest attributable to stockholders’ equity.

Pursuant to rules of the Novo Mercado, the Company’s capital stock has to be represented exclusively by common shares and, therefore, they are not allowed to issue preferred shares. On May 25, 2005, their shareholders’ meeting approved, among other items: (i) the conversion of all of their preferred shares into common shares, on a 1:1 basis; and (ii) the amendment of Cyrela’s by-laws in order to comply with all the requirements of the Novo Mercado. On July 29, 2005, the Company entered into an agreement with BOVESPA providing for the listing of their common shares on the Novo Mercado.

History

The table below shows the dividend and interest on shareholders’ equity distributed to Cyrela shareholders for the periods indicated.

Payment Date Action Common Shares CYRE3
(R$ per share)
Preferred Shares CYRE4
(R$ per share)
Dividends
(R$ million)
12/17/20 (-) Paid dividends 0,2569083204  – 98,762
12/20/19 (-) Paid dividends 1,040511525  – 400,000
07/31/19 (-) Paid dividends 0,780383644  – 300,000
12/28/18 (-) Paid dividends 0,598713383  – 230,000
07/02/18 (-) Paid dividends 0,520934920  – 200,000
06/26/17 (-) Paid dividends 0,094063270  – 35,946
06/23/16 (-) Paid dividends 0,279174886  – 106,353
06/26/15 (-) Paid dividends 0,414993985  – 157,106
06/27/14 (-) Paid dividends 0,423071253  – 177,723
06/28/13 (-) Paid dividends 0,125576558  – 52,041
06/28/13 (-) Paid dividends 0,378324148  – 156,785
06/27/12 (-) Paid dividends 0,288105437  – 118,316
06/24/11 (-) Paid dividends 0,3370211640  – 142,559
05/11/10 (-) Paid dividends 0,470341052 198,906
05/11/09 (-) Paid dividends 0,185395756  – 65,955
05/16/08 (-) Paid dividends 0,040978  – 14,574
09/25/07 (-) Paid dividends 0,168709  – 60,000
05/10/07 (-) Paid dividends 0,085152  – 30,183
13/12/06 Split 2 in 1 CYRE3
10/31/06 (-) Paid interest on equity 0,180554  – 32,000
04/26/06 (-) Paid dividends 0,268982  – 40,000
2005 CYRELA entered into an agreement with BOVESPA providing for the listing of the common shares on the Novo Mercado; preferred shares were converted into common shares.
08/16/05 (-) Paid dividends 0,381382 0,419519 32,000
12/23/04 (-) Paid dividends 0,214526 0,235980 18,000
06/08/04 (-) Paid dividends 0,093820 0,103200 7,805
05/30/03 (-) Paid dividends 0,134270 0,147690 11,266
03/18/02 (-) Paid dividends 0,238354 0,262189 20,000
03/07/01 (-) Paid dividends 0,251404 0,276540 20,000
06/23/00 (-) Paid dividends 0,129240 0,142160 9,858
M&A Policy, Corporate Restructuring and Investments

Click here to access our M&A Policy, Corporate Restructuring and Investments (Only Portuguese)

Policy for Hiring Extra Audit Services

Click here to access our Policy for Hiring Extra Audit Services (Only Portuguese)

Related Party Transactions Policy

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Donations and Sponsorship Policy

Click here to access our Donations and Sponsorship Policy (Only Portuguese)

Risk Management Policy

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Profit Allocation Policy

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Disclosure Policy
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Privacy Policy

Cyrela Brazil Realty’s Privacy Policy was created to reaffirm its commitment to the safety and privacy of information collected from the users of Cyrela Brazil Realty’s interactive services. You may visit this website and get acquainted with the services the Company offers, read reports, obtain news and information without having to provide any personal information. However, should such be the case, this policy purposes to clarify how the Company collects and handles your personal data. Since this policy is subject to occasional updating, Cyrela Brazil Realty advises it be regularly consulted.

  1. Any information provided by the users shall be collected and stored according to strict security and reliability patterns.
  2. Personal data provided by the users shall be collected through ethical and legal means. Such collection may have one or more targets about which users shall be informed.
  3. Users shall be advised that their data is being collected and they may choose whether they want to provide it or not, they will be further advised about the consequences of their decision.
  4. Unless a legal or judicial order is issued, information provided by users shall never be disclosed to third parties or used for purposes other than those for which it was collected.
  5. Access to collected information will be restricted to employees authorized to adequately use such data. Employees that unduly use such information, infringing Cyrela Brazil Realty’s Privacy Policy, shall be subject to the penalties provided by its discipline procedure.
  6. Cyrela Brazil Realty shall maintain the integrity of the information provided through this website.
  7. This website contains links or frames for other sites, which may or may not be Cyrela Brazil Realty partners and allies. These links and frames are available merely ithe hopes of providing yet another benefit to the users of this website. Note that including these links and frames does not mean that Cyrela Brazil Realty has full knowledge, agreement, or responsibility for those frames and links or for their respective content. Therefore, Cyrela Brazil Realty can not be held responsible for any type of damage caused by the use of the referred links and frames.
  8. Cyrela Brazil Realty requires´ any third parties hired to perform support services to adhere to its privacy standards.
  9. If it is necessary, the Company may use cookies(*) to confirm your ID, personalize your access and to check the use of Cyrela Brazil Realty’s website aiming at improving its navigating and functioning conditions.
  10. Other important information on the terms and conditions of use of this site is available on Terms and Conditions.

(*) Cookie: small archive put into your PC to keep track of moves within the websites, such as visits to homepages and advertisements.

Quality Policy

Click here to access our Qaulity Policy (Only Portuguese)

Securities Trading Policy
Click here to access our Securities Trading Policy (Only Portuguese).
Regiments
Audit Committee's Internal Rules

Click here to access our Sustainability Policy (Portuguese Only).

Sustainability Policy
Click here to access our Sustainability Policy(Portuguese Only).
Internal Regulations of the Board of Directors

Click here to access our Internal Regulations of the Board of Directors (Portuguese Only).

Internal Regulations of the Audit, Finance and Risks Committee

Click here to access our Audit, Finance and Risk Committee’s Internal Charter (Portuguese Only).

Internal Regulation of the Governance and Social and Environmental Sustainability Committee

Click here to access our Internal Regulation of the Social and Environmental Governance and Sustainability Committee (Portuguese Only).

Internal Regulations of the People and Organizational Development Committee

Click here to access our Internal Regulations for the People and Organizational Development Committee (Portuguese Only).

Internal Regulations of the Statutory Board

Click here to access our Internal Regulations of the Statutory Board (Portuguese Only).