It is a variable income instrument issued by open corporations that represents an ownership title over a fraction of the company's equity. That is, the buyer of a share, or shareholder, becomes an owner of part of the issuing company.
The MOLYMET shares are traded on the Santiago Stock Exchange and the Chilean Electronic Stock Exchange.
The Financial Market Commission (CMF) is the public entity that oversees the entities and activities participating in stock and insurance markets in Chile.
It must belong to a public registry and provide information related to its history, as well as legal, financial, accounting, and administrative aspects of interest to any shareholder.
It must submit the information required in a standardized fashion, in order to facilitate its analysis and comparison among the different overseen companies.
It must comply with the laws, regulations, general rules, and circulars in effect and applicable to corporations. The information required by the CMF must be available to shareholders and the general public at the CMF offices, the company, the stock exchanges, and on their respective websites.
The meetings held by a company's shareholders. Ordinary assemblies are held once a year, as defined by the company's bylaws. In general, they are held during the first four months of the year. Extraordinary assemblies are summoned when there are matters that require resolution, such as corporate dissolution, transformation, merger, or division, bylaw reforms, and capital increases, among others. These assemblies may be held at any time.
The distribution of the company's profits among its shareholders. When it has obtained profits during the period, each company decides the percentage to be paid as dividends. The dividend is paid at a fixed amount per share held by the shareholders. It is generally paid in cash, although open corporations may pay any dividends over the minimum obligatory amount by granting shareholders the option of payment in cash, released shares of the same issuance, or shares in open corporations that the company owns. There are three types of dividends: minimum obligatory dividends, where corporations are required to distribute at least 30% of their net profits each year; interim dividends, which are agreed upon by the Board of Directors; other dividends, which are agreed upon by the Shareholders’ assembly over the minimum legal, statutory, or eventual dividend.
The dividend policy approved by the shareholders’ assembly, and according to current regulations, considers the initial distribution of 40% of net profits, after the absorption of accumulated losses, and maintaining a reasonable stability in the absolute amount to be distributed. This depends on the company's economic situation, considering cash on hand and the projects that must be financed.
Send your query on pending dividends by e-mail to email@example.com and firstname.lastname@example.org or, under the option “Contact” submit this request.
The MOLYMET Shares Department provides its shareholders and stockbrokers with information on share balances and titles, past statements and certificates, dividend payments, and shareholders’ assemblies, among others. It also assists shareholder heirs, beneficiaries, and representatives.
Send your balance request by e-mail to email@example.com and firstname.lastname@example.org or, under the option “Contact” submit this request.
Share titles may be in shareholders’ possession, in the issuer’s custody, or held by a creditor as collateral. If the shareholder needs to have possession of its titles, these may be requested from the Molymet Shares Department.
Some of the certificates you can obtain are:
Certificate of Tax Situation of Dividends and Credits: indicates the tax status of dividends paid during a given commercial year (January 1st to December 31st), to support the Income Tax Declaration to be filed each year by the shareholder for the concept of dividends received during the year.
Certificate of Shares: accredits the quantity of shares registered under the shareholders’ name at the time of request.
Certificate of Investment in Shares for Municipal Permit: accredits the investment in shares as of December 31st of each year and supports the declaration for payment of the shareholders’ municipal permit, if required.
Certificate of Titles: certifies the quantity of shares under a given title number, their status, and custody.
Certificate of Dividends: indicates the dividend number paid, the value, payment date, status, payment form, and collector.