Hi reaffirms that will be listed on the Novo Mercado in Brazil – Economic

Hi reaffirms that will be listed on the Novo Mercado in Brazil – Economic

Katie Simões

16:29

Hi clarifies that the objective is to take the company result of the merger between PT and Hi on the Novo Mercado of Bovespa.

The Brazilian Hi reaffirmed today in a statement sent to the market, together with Telemar Participações (a shareholder) its commitments “to promote CorpCo listing on the Novo Mercado of Bovesta. “

Hi progressed with the clarification due to” reports in the media regarding the operation of the business combination and the shareholder bases of Hi, of Portugal Telecom SGPS SA and Telpart (“Transaction”). “

is expected to happen in this listing by the end of the first quarter of next year, according to the advanced prediction after the general meeting of PT which approved the new terms of the merger after the ‘default’ of € 900 million of Rioforte. But still lack the approval of market regulators to operation.

“The incorporation of actions, in turn, requires the prior approval of the Securities Commission to carry out the swap and option transactions involving shares issued by the Hi, which were approved by the Boards of Directors of the Companies on September 8, 2014, as well as registration with the Securities and Exchange American Commission (“SEC”) of the shares to be issued by the Incorporation of CorpCo actions, since the companies started having internal and external measures to achieve these steps.