Brief: NOS: Regulator Declares "Unenforceability Of Duty To Launch Mandatory Takeover Bid By Sonaecom On NOS"

Sonae SGPS SA

04/08/2023 06:33

Aug 4 (Reuters) - NOS  NOS.LS :
    * SAID ON THURSDAY THAT SONAECOM HAD BEEN NOTIFIED THAT CMVM
DECLARED "THE UNENFORCEABILITY OF DUTY TO LAUNCH MANDATORY
TAKEOVER BID BY SONAECOM ON SHARES OF NOS  NOS.LS " 
    * DECLARATION COMES FOLLOWING ACQUISITION BY SONAECOM OF
58.2
MILLION SHARES, REPRESENTING AROUND 11.30% OF SHARE CAPITAL AND
C.11.38% OF VOTING RIGHTS OF NOS, FROM SONAE  YSO.LS  
    * CMVM ASSUMES RELATIONSHIP BETWEEN SONAE, AS CONTROLLING
COMPANY,
AND SONAECOM, AS CONTROLLED COMPANY, REMAINS
UNCHANGED
    * CMVM ALSO ASSUMES THAT TO SONAE, CONTINUES TO BE
ATTRIBUTED 
INDIRECT QUALIFIED HOLDING OF MORE THAN ONE THIRD, BUT LESS THAN
A HALF, OF VOTING RIGHTS REPRESENTING SHARE CAPITAL OF NOS

        
 Source text: https://tinyurl.com/43a8esy9   urn:newsml:reuters.com:*:nL8N3970ZP
 Further company coverage:  NOS.LS  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))