NEW YORK, Dec. 24, 2019 /PRNewswire/ -- The Board of
Directors of Avon Products, Inc. (NYSE: AVP) (the "Company") today
approved a one-time special cash dividend on the Company's common
stock and Series C Preferred Stock (on an as-converted to common
stock basis) of $0.01604429 per share
(the "Special Dividend") in connection with the previously
announced proposed acquisition of the Company by Natura &Co
Holding S.A. (B3: NTCO3), a new holding company for Natura
Cosméticos S.A. (B3: NATU3). The Special Dividend is payable to
shareholders of record as of the close of business on December 30, 2019 and will be paid on
January 6, 2020.
About Avon Products Inc.
For more than 130 years
Avon has stood for women:
providing innovative, quality beauty products which are primarily
sold to women, through women. Millions of independent sales
Representatives across the world sell iconic Avon brands such as
Avon Color and ANEW through their social networks, building their
own beauty businesses on a full- or part-time basis.
Avon supports women's empowerment,
entrepreneurship and well-being and has donated over $1 billion to women's causes through Avon and the Avon Foundation. Learn more
about Avon and its products at
www.avonworldwide.com. #stand4her
Forward-Looking Statements
This press release
contains "forward-looking statements" that are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Because forward-looking statements inherently involve
risks and uncertainties, actual future results may differ
materially from those expressed or implied by such forward-looking
statements. These risks and uncertainties include, but are not
limited to, the possibility of business disruption, competitive
uncertainties, and general economic and business conditions in
Avon's markets as well as the
other risks detailed in Avon's
Annual Report on Form 10-K for the year ended December 31, 2018, and Avon's other filings with the Securities and
Exchange Commission. Avon
undertakes no obligation to update any statements in this press
release for changes that happen after the date of this release.
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SOURCE AVON Products, Inc.