Shareholder meeting 2 April 2004
The 2004 Annual General Meeting of Portugal Telecom, SGPS, S.A. took place, in 2 April 2004. Were present or represented shareholders corresponding to 47,091 % of the voting rights, the following matters were discussed and approved:
| Proposals |
For |
Against |
Abstain |
|
|
|
|
|
1.Approval of the management report, balance sheets and accounts for 2003: |
99.80% |
0.00% |
0.20% |
|
2.Approval of the consolidated management report, balance sheets and accounts for 2003: |
99.80% |
0.00% |
0.20% |
| 3.Approval of the application of the 2003 net income of Euro 240,218,936, as follows: |
100.00% |
0.00% |
0.00% |
|
Euro 39,403,169 to offset negative retained earnings; |
|
|
|
|
Euro 10,040,788 for the legal reserve; |
|
|
|
|
Euro 190,774,979 for distribution as dividends. |
|
|
|
|
4.Vote of confidence in all members of the Board of Directors and the Supervisory Board. |
99.99% |
0.00% |
0.01% |
|
5.Ratification of the co-option of two Directors |
99.99% |
0.01% |
0.00% |
| 6.Authorization for the acquisition and sale of treasury shares (up to 10% of the share capital), bonds and other securities. |
96.29% |
0.00% |
3.71% |
| 7.Share capital reduction: |
|
|
|
| a.Proposal I |
96.07% |
0.21% |
3.72% |
| b.Proposal II |
96.07% |
0.21% |
3.72% |
| c.Proposal III |
96.07% |
0.21% |
3.72% |
| 8.Parameters applicable in case of issue of convertible bonds by the Board as well as issue of convertible bonds already done. |
|
|
|
| a.Proposal I |
77.41% |
0.24% |
22.35% |
| b.Proposal II |
77.41% |
0.24% |
22.35% |
| 9.Suppression of the right of preference of shareholders, subscribing convertible bonds to be issued by the Board of Directors |
77.49% |
0.24% |
22.28% |
| 10.Issue of bonds and other values by the Board of Directors, and the set of value in the terms of the nº 3 article 8º and line e) of the nº 1 article 15º of the Articles of Association; |
99.87% |
0.00% |
0.13% |
| 11.Acquisition and sale of self owned bonds and other marketable values |
99.99% |
0.00% |
0.01% |