Deshielded vote on the statutes divides Commission … – publico

                 

                         
                     

                         

                 

 
                         

Gathered Wednesday at the general meeting (AG), BPI shareholders chumbaram to change laws that restrict its voting rights to 20% of capital. This was the only point of the meeting resumes that began April 29.

                     

                          The deshielded the statutes was a condition of the success of the takeover bid launched in February by Caixabank the bench headed by Fernando Ulrich. PUBLIC found that executive and non-executive directors of the BPI split in the vote on the deshielded the statutes of the bank, a claim of Caixabank.
For example in particular the Chief Executive Officer Fernando Ulrich and Antonio Domingues executives and Jose Pena Amaral abstained .

In AG were represented 81.73% d of accionsitas, of which 52.45% voted for the removal of voting rights . The amendment of the articles required the support of 75% of those present.

As it was expected the Santora, Isabel dos Santos and shareholders as Edgar Ferreira / Violas, formed the blocking force (about 47.5%) to Caixabank the OPA that will now have to make decisions: or review the conditions of the operation, dropping the deshielded, or withdraw the land takeover.
The Spanish group must still rule on the issue, albeit in a circumstantial way, because this is scheduled for tomorrow, Thursday, a general meeting of Caixabank where decisions will be made about participation in BPI.

At the end of AG, there were statements of presidents: Artur Santos Silva and Fernando Ulrich. According to Lusa, the CEO stated that the takeover bid “ is standing, is alive”, but noted that the meeting “was not to discuss the offer, but the amendment of the articles.” Ulrich also said that despite the OPA, “has been easy to deal with in the current management of the bank” and that “lasts more or less time, question is of shareholders “and” does not create any additional questions or managers, or the client. “

It Artur Santos Silva recalled that” u ne of the conditions that had put Caixabank is not completed and therefore now is the Caixabank that it is set to do. The OPA has conditions that the offeror may alter, but do not know about it, have to ask [the Caixabank]. ” And said that even “before the vote, only information was given to the House by a Caixabank representative that if the vote failed to meet the [necessary] qualified majority, as soon as possible the Caixabank would communicate his position. ” “As soon as the general meeting resumed the representative of Caixabank restated that this was not the appropriate time to decide on this matter, only after obtaining all authorizations [for publication prospect of OPA] but recommended that shareholders vote immediately because he could no longer stand waiting and the commit. ”