The stock bonus generally consists of the free distribution of new shares to shareholders, proportional to the number of shares they already hold. This practice occurs when the company converts part of its reserves or profits into share capital. Instead of paying cash dividends, the company grants additional shares to its investors. As a result, the shareholder’s total number of shares increases, and future dividends or distributions will be calculated over a larger number of shares.
The Annual and Extraordinary General Meeting of SLC Agrícola, held on December 30, 2025, approved a stock bonus at a rate of 12.5%, corresponding to the issuance of 55,416,2154 new common shares, equivalent to the issuance of 1 new common share for every 8 existing common shares on the date of the Meeting, with an assigned unit cost of R$ 16.4962.
The new shares are distributed free of charge to shareholders, in an amount proportional to their equity interest in the Company and according to the ratio mentioned above. These shares will be fully entitled to any rights attributed from the date of the Meeting and will be credited to shareholders’ accounts on January 3, 2026. The Company’s shares began trading “ex-rights” to the stock bonus on January 2, 2026.
PROCEDURE FOR RECORDING THE STOCK BONUS IN THE INDIVIDUAL INCOME TAX RETURN (IRPF) OR FOR THE PURPOSE OF CALCULATING CAPITAL GAINS TAX UPON SHARE SALE
The bonus shares must be reported in the shareholder’s Individual Income Tax Return, under the section “Exempt and Non‑Taxable Income,” in the item “Capital Reserve Incorporation / Stock Bonuses.” The amount to be reported is obtained by multiplying the unit cost assigned to the shares by the total number of bonus shares received.
This same amount must also be added to the historical cost of the shares in the “Assets and Rights” section, under the item “Shares.”
Exemple:
As of December 30, 2025, a shareholder held 1,000 common shares of SLC Agrícola S.A. (SLCE3), reported in the Individual Income Tax Return with a unit cost of R$ 18.00, totaling R$ 18,000.00.
Following the approval of the stock bonus, this shareholder — provided that the 1,000 shares were held until January 30, 2026 — received a total of 125 additional shares on January 3, 2026, equivalent to 12.5% of their original position. As a result, the shareholder’s total position increased to 1,125 shares.
For tax purposes, the bonus shares must be considered as credited on January 3, 2026. It is important to note that taxable income refers to any amount received by the taxpayer that is subject to taxation.
According to the Shareholders’ Notice, the unit cost assigned to the bonus shares is R$ 16.4962 per share.
Therefore, the total cost of the 125 bonus shares received is:
- 125 × R$ 16.4962 = R$ 2,062.02
If the shareholder maintains these shares until December 31, 2026, this amount must be reported in the 2027 Individual Income Tax Return, under the section “Exempt and Non‑Taxable Income” in the item “Capital Reserve Incorporation / Stock Bonuses.”
At the same time, this amount must be added to the historical cost of the shares in the “Assets and Rights” section.
Thus, the shareholder who previously reported R$ 18,000.00 as the historical cost of their 1,000 shares will now report:
- R$ 18,000.00 + R$ 2,062.02 = R$ 20,062.02
for the total of 1,125 shares, resulting in a new average cost of R$ 17.83 per share.
When this shareholder decides to sell the 1,125 shares, the amount of R$ 20,062.02 will be the historical cost used for calculating capital gains tax.
