Shareholder meeting 2 March 2007
The 2006 Annual General Meeting of Portugal Telecom, SGPS, S.A. took place, on 2 March 2007. Were present or represented shareholders corresponding to 66% of the voting rights (1,491,738 votes present), the following matters were discussed and voted.
The third item of the agenda related to the removal of the voting limitation in the bylaws of the Company the approval of which was a condition of the Tender Offer launched by Sonaecom, SGPS, S.A. and/or Sonaecom, B.V. (“Sonaecom”) was rejected by the majority of the votes cast at the General Meeting.
Thus, and in accordance with the understanding of the Portuguese Securities Commission (“CMVM”), the tender offer launched by Sonaecom over Portugal Telecom, as well as the offer launched over PT – Multimédia – Serviços de Telecomunicações e Multimédia, SGPS, S.A., and their effects have lapsed.
| Proposals |
For |
Against |
Abstain |
|
|
|
|
|
1.To resolve on the election of the Vice-Chairman and Secretary of the General Meeting of Shareholders following the termination of the office of the former holders of these positions. |
93.16%
|
0.06% |
16.78% |
|
2.To resolve on the ratificationof the appointment of a director to complete the 2006/2008 mandate. |
75.05% |
2.86% |
22.09% |
| 3.To resolve on the removal of subparagraph a), number 1 of Article 12 and numbers 7, 8, 9, 11, 12 and 15 of Article 13 of the Articles of Association, as well as on the amendments to subparagraphs b) and d), number 1 of Article 12 and numbers 2 and 3 and subparagraph b), number 14 of Article 13 of the Articles of Association. This resolution assumes that the terms, conditions and consideration of the tender offer for all of the shares of the Company’s share capital, announced on 12th January 2007 by Sonaecom, SGPS, S.A. and Sonaecom, B.V., are final, and the resolution is subject to the success of the offer. |
43.90%
|
46.58%
|
9.52%
|
|
4.To resolve on the authorisation, under the terms of number 1 of Article 9 of the Articles of Association, for Sonaecom, SGPS, S.A. and/or Sonaecom, B.V. to hold ordinary shares representing more than 10% of the Company’s share capital. This authorisation is subject to the offer’s success and assumes that the terms, conditions and consideration of the tender offer for all of the shares of the Company’s share capital, announced on 12th January 2007 by Sonaecom, SGPS, S.A. and Sonaecom, B.V., are final. |
Not submitted to discussion and voting. |