The shareholders of Semapa approved Tuesday by nearly unanimously to launch a general and voluntary tender offer to acquire the company’s shares, which are then subject to exchange of securities of Portucel.
In a statement sent to the Portuguese Securities Market Commission (CMVM), then the day of the general meeting, Semapa said the only two items on the agenda “were approved with the votes corresponding to 98.6% of capital present or represented. “
According to the statement,” they were present or represented at the meeting shareholders holding 79,848,372 shares, corresponding to 798,381 votes and 74.97% of the share capital of Semapa. ”
The operation decided now was announced on 25 May, the Sodim, owned by businessman Pedro Queiroz Pereira, which holds 54.5% of Semapa, a company which in turn controls 75.85 of Portucel and 81% of the voting rights are excluding treasury shares held by the paper.
With this switching operation, Semapa seeks to streamline the company’s stake in Portucel, increasing the free float latter, which is only 19% of the share capital, to about 46%, considering the treasury shares.
If the operation is widely accepted by shareholders, Semapa, listed on the PSI 20, must exit bag, he told PUBLIC official company source mostly controlled by businessman Pedro Queiroz Pereira.
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