The capital reduction is a routine return of capital with no new operational information. The ex-date on May 22, 2026 will adjust the stock price by approximately R$1.25 per share. Monitor for any adjustment due to the buyback program. No material impact on business fundamentals.
Price Chart
Executive Summary
Telefônica Brasil S.A. (VIV) announced that its capital reduction approved on March 12, 2026 has become fully effective. The company will distribute R$1.25171862845 per common share (approximately R$4.0 billion total) to shareholders on July 14, 2026, with shares trading ex-reimbursement rights after May 22, 2026. This is a routine capital return event following the expiration of the legal objection period.
Key Facts
- Capital reduction of R$1.25171862845 per common share approved at March 12, 2026 EGM became fully effective on May 14, 2026
- Total restitution based on 3,195,606,352 common shares (excluding 30,940,270 treasury shares as of Dec 31, 2025)
- Payment in a single installment on July 14, 2026
- Shares will trade ex-reimbursement rights after May 22, 2026
- Amount per share may be adjusted due to share buyback program based on shareholder base on May 22, 2026
Financial Impact
Approximately R$4.0 billion total capital return to shareholders (R$1.2517/share × 3,195,606,352 shares)
Risk Factors
- Tax withholding for non-resident shareholders may reduce net proceeds
- Minor adjustment possible due to share buyback program affecting per-share amount
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001292814-26-003063 |
| Document: 0001292814-26-003063-index-headers.html | 0001292814-26-003063 |
| Document: 0001292814-26-003063-index.html | 0001292814-26-003063 |
| Document: 0001292814-26-003063.txt | 0001292814-26-003063 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 16, 2026 11w ago | 6-K | $13.95 $11.41 | ▼ −18.21% | ▼ −22.65% | $11.54 (−17.28%) |
May 27, 2026 18w ago | 6-K | $13.33 $13.45 | ▲ +0.90% | ▲ +4.05% | $11.54 (−13.43%) |
May 22, 2026 19w ago | 6-K | $13.42 $13.21 | ▼ −1.60% | ▲ +0.35% | $11.54 (−14.04%) |
May 15, 2026 20w ago | 6-K | $13.54 $13.19 | ▼ −2.57% | ▼ −4.15% | $11.54 (−14.76%) |
May 15, 2026 20w ago | 6-K | $13.54 $13.19 | ▼ −2.57% | ▼ −4.15% | $11.54 (−14.76%) |
May 15, 2026 20w ago | 6-K | $13.54 $13.19 | ▼ −2.57% | ▼ −4.15% | $11.54 (−14.76%) |
May 15, 2026 20w ago | 6-K | $13.47 $13.21 | ▼ −1.93% | ▼ −4.05% | $11.54 (−14.33%) |
May 11, 2026 20w ago | 6-K | $14.74 $12.81 | ▼ −13.09% | ▼ −12.79% | $11.54 (−21.71%) |
Apr 27, 2026 22w ago | 6-K | $15.68 $13.50 | ▼ −13.90% | ▼ −19.37% | $11.54 (−26.40%) |
Apr 27, 2026 22w ago | 6-K | $15.68 $13.50 | ▼ −13.90% | ▼ −19.37% | $11.54 (−26.40%) |
US Market Status
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