ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

OIBR4 Oi

8.75
0.04 (0.46%)
23 Dec 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Oi BOV:OIBR4 Bovespa Preference Share
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.04 0.46% 8.75 8.35 9.30 9.24 8.68 9.00 34,300 22:45:00

OI S.A. - MATERIAL FACT: Exercise of Over-Allotment Option Closing of Public Offering of Shares

06/05/2014 3:04am

PR Newswire (US)


OI PN (BOV:OIBR4)
Historical Stock Chart


From Dec 2019 to Dec 2024

Click Here for more OI PN Charts.

RIO DE JANEIRO, May 5, 2014 /PRNewswire/ -- Oi S.A. ("Oi" or the "Company", BOVESPA: OIBR3, OIBR4; NYSE: OIBR and OIBR.C), pursuant to article 157, paragraph 4 of Law No. 6,404/76 (the "Brazilian Corporations Law") and Instruction No. 358/02 of the Brazilian Securities and Exchange Commission (Comissao de Valores Mobiliarios) ("CVM") notifies its shareholders and the market in general that, in connection with its primary public offering of common and preferred shares, including shares in the form of American Depositary Shares, represented by American Depositary Receipts, conducted simultaneously in Brazil (the "Brazilian Offering") and outside Brazil (the "International Offering" and, together with the Brazilian Offering, the "Public Offering"):

On May 5, 2014, Banco BTG Pactual S.A., in its role as Stabilizing Agent for the Public Offering, partially exercised, pursuant to article 24 of CVM Instruction No. 400, its option to place an additional 120,265,046 common shares and 240,530,092 preferred shares issued by Oi (the "Option Shares"), which represents an increase of 6.27% in the total number of shares distributed by Oi in the Public Offering.

Taking into account the shares initially offered, as disclosed in the Material Fact dated April 29, 2014, and the Option Shares, a total of 1,865,954,588 common shares and 3,696,207,346 preferred shares were distributed pursuant to the Brazilian Offering and 396,589,982 common shares and 828,881,795 preferred shares were distributed pursuant to the International Offering, in exchange for which Oi received gross proceeds in the amount of R$13.96 billion, composed of R$8.25 billion in cash and R$5.71 billion in assets contributed by Portugal Telecom SGPS S.A. ("Portugal Telecom").

Given the success of the Public Offering in raising funds, the price behavior of Oi's shares in recent trading sessions and the closing of the Public Offering with the exercise by Banco BTG Pactual S.A. of its option to place the Option Shares, Oi will publish on May 6, 2014, in accordance with article 29 of CVM Instruction No. 400, the closing announcement of the Public Offering in a Brazilian newspaper of wide circulation used by Oi, which announcement will contain the final information about the Public Offering.

OI S.A.
Bayard De Paoli Gontijo
Chief Financial Officer and Investor Relations Officer

SOURCE Oi S.A.

Copyright 2014 PR Newswire

1 Year OI PN Chart

1 Year OI PN Chart

1 Month OI PN Chart

1 Month OI PN Chart

Your Recent History

Delayed Upgrade Clock