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
December
2017
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 the payment of shareholder
remuneration
Rio de
Janeiro, December 14th, 2017 – Vale
S.A. (Vale) informs that, at the Board of Directors meeting held
today, it was approved the payment of
shareholder remuneration in the form of interest on equity
of R$ 2,182,466,504.43, equivalent to R$ 0.419912462 per outstanding share, based
on the number of outstanding shares today
(5,197,432,092).
The
above-mentioned interest on equity will be considered as a
component of the allocation of income of the period to end on
December 31st, 2017.
The
payment will occur on March 15th, 2018, along with a
potential complement to the minimum remuneration required for the
current fiscal year.
The
payment of shareholder remuneration related to the fiscal year of
2017, to occur on March 2018, substitutes the procedure provided at
Vale’s current shareholder remuneration policy, which
establishes the payment of shareholder remuneration in April.
Additionally, Vale informs that the new shareholder remuneration
policy will be announced until March 30th, 2018.
Payment of remuneration details
1.
Record date for the
owners of Vale shares traded on the B3 will be on December
21st, 2017
and for holders of American Depositary Receipts (ADRs) traded on
the New York Stock Exchange (NYSE) and Euronext Paris will be on
December 26th, 2017.
2.
Vale's shares will
start trading ex-dividends on the B3, NYSE and Euronext Paris as of
December 22nd, 2017.
3.
According to the
Brazilian law, the distribution of interest on equity is subject to
the deduction of withholding income tax, except for the exempt
beneficiaries that prove meeting the legal conditions for the
exemption.
For further information, please contact:
+55-21-3485-3900
Andre Figueiredo: andre.figueiredo@vale.com
Andre Werner: andre.werner@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
December 14,
2017
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By:
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/s/
André
Figueiredo
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Director of
Investor Relations
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