PHAROL, SGPS S.A. PHAROL, SGPS S.A. hereby informs on the Notice to the Market disclosed by Oi, S.A., according to the company's announcement attached hereto.
PHAROL, SGPS S.A.
Public company
Share capital Euro 26,895,375 Registered in the Commercial Registry Office of Lisbon
and Corporation no. 503 215058
PHAROL is listed on the Euronext (PHR). Information may be accessed on Bloomberg under the symbol PHR PL.
Luis Sousa de Macedo Investor Relations Director ir@pharol.pt
Tel.: +351 212 697 698
Fax: +351 212 697 949
pharol.pt
Oi S.A.
Corporate Taxpayers' Registry (CNPJ/MF) No. 76.535.764/0001-43 Board of Trade (NIRE) No.33.3.0029520-8
Publicly-Held Company
NOTICE TO THE MARKET
Oi S.A. ("Oi" or the "Company"), in accordance with article 12 of CVM Instruction No. 358/02, informs the market that it received a letter from Pharol, SGPS S.A. and Bratel B.V., as transcribed below:
"Dear Sirs,
1. We hereby inform that, in accordance with the provisions of Art. 12 of CVM Instruction No. 358/2002, as amended, due to the corporate reorganization (the "Corporate Reorganization"), the 57,145,521 common shares issued by Oi S.A., representing 6.92% of Oi S.A.'s capital stock, and held by PHAROLSGPS S.A., a corporation with offices at Rua Joshua Benoliel, No. 1, 2C, Edifício Amoreiras Square, Campo de Ourique parish, City of Lisbon, Portugal, registered under the taxpayer registry No. 05.453.409/0001-87 ("Pharol"), hereby represented by its attorneys-in-fact, Messrs. Rafael Luis Mora Funes, registered under the taxpayer registry No. 233.678.448- 37 and Bernardo Sérgio Rhodes Amado, registered under the taxpayer registry No. 235.224.088-37, have been passed on to BRATELB.V., a corporation with offices at Naritaweg, 165, 1043 BW, Amsterdam, the Netherlands, registered under the taxpayer registry No. 12.776.550/0001-86 ("BRATEL"), hereby represented by its attorneys-in-fact Messrs. Rafael Luis Mora Funes and Bernardo Sérgio Rhodes Amado, above, while Pharol reduced its direct shareholding in Oi S.A. to 71,067,957 common shares, representing 8.61% of Oi S.A.'s entire capital stock.
Additionally, we inform that Bratel, due to the Corporate Reorganization, now holds 112,594,247 common shares of Oi S.A., which represent 13.63% of Oi S.A.'s entire capital stock. Therefore, since Pharol holds all shares comprising the capital stock of Bratel, and with the above mentioned Corporate Reorganization, Pharol now indirectly holds 112,594,247 common shares of Oi S.A., representing 13.63% of the Oi S.A.'s entire capital stock.
Finally, Bratel holds Oi S.A. shares for investment purposes, without any intent to change Oi S.A.'s control.
Without anything further, we sign here below.
Sincerely,
PHAROL, SGPS, S.A.Rafael Luis Mora Funes Attorney-in-fact
Bernardo Rhodes Sérgio Amado Attorney-in-fact
BRATELB.V.Rafael Luis Mora Funes Attorney-in-fact
Bernardo Rhodes Sérgio Amado Attorney-in-fact"
Rio de Janeiro, April, 29, 2016 Flavio Nicolay Guimarães
Chief Financial Officer and Investor Relations Officer
Oi S.A.
Pharol SGPS SA issued this content on 29 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 May 2016 14:48:02 UTC. Original document available at http://conteudos.pharol.pt/Documents/EN/Announcements/2016/04_April/Com29Abril16_oi_en.pdf |
