United
States
Securities and
Exchange Commission
Washington, D.C.
20549
FORM 6-K
Report
of Foreign Private Issuer
Pursuant to Rule
13a-16 or 15d-16
of
the
Securities
Exchange Act of 1934
For
the month of
November
2016
Vale S.A.
Avenida das
Américas, No. 700 – Bloco 8, Sala 218
22640-100 Rio de
Janeiro, RJ, Brazil
(Address of principal executive
office)
(Indicate by check
mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.)
(Check
One) Form 20-F ☒
Form 40-F ☐
(Indicate by check
mark if the registrant is submitting the Form 6-K in
paper as permitted by
Regulation S-T Rule 101(b)(1))
(Check
One) Yes ☐
No
☒
(Indicate by check
mark if the registrant is submitting the Form 6-K in
paper as permitted by
Regulation S-T Rule 101(b)(7))
(Check
One) Yes ☐
No
☒
(Indicate by check
mark whether the registrant by furnishing the information contained
in this Form is also thereby furnishing information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.)
(Check
One) Yes ☐
No
☒
(If
“Yes” is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3-2(b).
82- .)
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Press Release
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Vale approves payment of shareholder
remuneration
Rio de Janeiro, November 28th,
2016 – Vale S.A. (Vale) informs that its Executive Board
proposed and its Board of Directors approved the payment of
shareholder remuneration as an anticipation of the mandatory
distribution of 2016 results, totaling the gross amount of R$
856,975,000.00 (US$ 250 million), equals to R$ 0.166293936 (US$
0.048511898) per common or preferred share in circulation as of
November 25th,
2016 (5,153,374,926 shares).
The payment of R$ 856,975,000.00 will be made as of December
16th,
2016, fully in the form of interest on equity. The values in
Brazilian reais were obtained from the conversion of US dollar
value into Brazillian reais using the exchange rate for the sale of
US dollar (Ptax - Option 5 code), as informed by the Central Bank
of Brazil on November 25th,
2016 of R$ 3.4279 per US dollar.
The record date for the owners of shares traded on the BM&F
Bovespa is December 1st,
2016. The record date for the holders of American Depositary
Receipts (ADRs) traded on the New York Stock Exchange (NYSE) and
Euronext Paris is on December 6th,
2016. All shareholders on these respective record dates will have
the right to shareholder remuneration.
The holders of ADRs will receive the payment through Citibank N.A.,
the depositary agent for the ADRs, on December
23rd,
2016.
Vale shares will start trading ex-dividend on BM&FBovespa, NYSE
and Euronext Paris as of December 2nd,
2016.
The approval is in accordance with the new shareholder remuneration
policy that gives the optionality to the Executive Board to propose
to the Board of Directors, based on the analysis of the
Company’s cash flows and the availability of profits or
reserves of profits, distribution to shareholders of remuneration
at any time of the year.
The improved outlook for our business and the better than expected
cash flow generation supports the approved payment without
compromising the goal of reducing indebtedness.
For
further information, please contact:
+55-21-3485-3900
Andre
Figueiredo: andre.figueiredo@vale.com
Carla Albano Miller:
carla.albano@vale.com
Fernando Mascarenhas:
fernando.mascarenhas@vale.com
Andrea Gutman:
andrea.gutman@vale.com
Bruno Siqueira:
bruno.siqueira@vale.com
Claudia Rodrigues:
claudia.rodrigues@vale.com
Denise Caruncho:
denise.caruncho@vale.com
Mariano Szachtman:
mariano.szachtman@vale.com
Renata Capanema:
renata.capanema@vale.com
This press
release may include statements that present Vale’s
expectations about future events or results. All statements, when
based upon expectations about the future, involve various risks and
uncertainties. Vale cannot guarantee that such statements will
prove correct. These risks and uncertainties include factors
related to the following: (a) the countries where we operate,
especially Brazil and Canada; (b) the global economy; (c) the
capital markets; (d) the mining and metals prices and their
dependence on global industrial production, which is cyclical by
nature; and (e) global competition in the markets in which Vale
operates. To obtain further information on factors that may lead to
results different from those forecast by Vale, please consult the
reports Vale files with the U.S. Securities and Exchange Commission
(SEC), the Brazilian Comissão de Valores Mobiliários
(CVM), and the French Autorité des Marchés Financiers
(AMF), and in particular the factors discussed under
“Forward-Looking Statements” and “Risk
Factors” in Vale’s annual report on Form
20-F.
Signatures
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.
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Vale
S.A.
(Registrant)
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Date
November 28,
2016
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By:
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/s/
André
Figueiredo
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Director of
Investor Relations
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