Key Developments: Sonaecom SGPS SA (SOVTY.PK)
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Latest Key Developments (Source: Significant Developments)
Sonaecom SGPS SA Announces FY 2012 Dividend Payment
Sonaecom SGPS SA announced that pursuant to the decision taken at the Annual Shareholders’ General Meeting held on April 24, 2013, the Company announced that as from May 22, 2013 dividends relating to the year ending December 31, 2012 will be made available to shareholders at the gross value of EUR 0.12000 per share and net value of EUR 0.08640 per share. Full Article
Sonaecom SGPS SA to Propose FY 2012 Dividend
Sonaecom SGPS SA announced that it will submit to the general meeting the proposal of payment of dividend for fiscal year 2012 totaling EUR 43,949,624.16 and corresponding to EUR 0.12 per share. Full Article
Sonaecom SGPS SA Announces FY 2012 Dividend Payment
Sonaecom SGPS SA announced the intention to submit for shareholders’ approval at the next shareholders general meeting the distribution of a gross dividend of EUR 0.12 per share for fiscal year 2012. Full Article
France Telecom SA to Sell Its Entire 20% Stake in Sonaecom to Sonae SGPS SA under Put and Call Option Agreement
France Telecom SA (France Telecom-Orange) announced that it has decided to sells its entire 20% stake in Sonaecom SGPS SA (Sonaecom) to Sonae SGPS SA (Sonae), which holds 53.17% stake in Sonaecom. France Telecom SA also announced that France Telecom SA entered on February 15, 2013 into a put and call option agreement with Sonae and that the call is exercisable by Sonae over the next 18 months and the put will be exercisable by France Telecom SA during the three months following this initial period. They are both exercisable at the same price of EUR 98.9 million. The price could be increased to EUR 113.5 million if Sonaecom participates in a material transaction (involving Sonaecom or its material assets) that consolidates or restructures the Portuguese telecommunications sector in the 24 months following the signature of the agreement. Full Article
Sonaecom SGPS SA Updates on Its Agreement Between Kento Holding Limited and Jadeium BV
Sonaecom SGPS SA (Sonaecom) announced that pursuant to the agreement reached between Sonaecom, Kento Holding Limited and Jadeium BV, named Unitel International Holdings BV (Grupo KJ) and the subsequent unanimous approval from the Boards of Directors of ZON MULTIMEDIA - Servicos de Telecomunicacoes e Multimedia SGPS SA (ZON) and OPTIMUS SGPS SA of the merger project, both publicly announced on December 14, 2012 and January 21, 2013, respectively, the Grupo KJ participation, corresponding to 28.81% of ZON share capital is, from the January 21, 2013, attributable to Sonaecom. This participation corresponds to a total of 89,056,777 shares of ZON, representing 28.81% of the voting rights of the company, a percentage that has to be adjusted in accordance with the number of own shares held by ZON. Despite the aforementioned attribution, it should be clarified that Sonaecom does not hold directly or participates in companies that hold any shares or voting rights of ZON. Full Article
ZON Multimedia Servicos de Telecomunicacoes e Multimedia SGPS SA to Incorporate Optimus SGPS SA; Sonaecom SGPS SA and Kento / Jadeium to Incorporate Vehicle to Aggregate Stake in Optimus
ZON Multimedia Servicos de Telecomunicacoes e Multimedia SGPS SA announced that Sonaecom SGPS SA (Sonaecom), Kento Holding Limited and Jadeium BV (Kento / Jadeium), the latter two being companies owned by Eng. Isabel dos Santos, announced that they have reached an agreement to recommend to the Boards of Zon Multimedia SGPS SA (Zon) and Optimus SGPS SA (Optimus SGPS) a merger between the two companies, based on the incorporation of Optimus SGPS into Zon. Sonaecom and Kento / Jadeium have further agreed that they would consider an exchange ratio based on a valuation of ZON corresponding to 150% of Optimus SGPS as acceptable. Also in this context, Sonaecom and Kento / Jadeium have agreed to incorporate a vehicle owned in equal parts that, subject to the implementation of the merger, will aggregate a substantial part of Sonaecom’s stake in Optimus SGPS and the entire stake of Kento / Jadeium in Zon. Should the merger take effect, and as a direct result of the merger, this vehicle will hold a controlling stake. Full Article
Sonaecom SGPS SA Concludes Bond Issue
Sonaecom SGPS SA announced that it has completed a three-year bond issue, by private placement, in the total amount of EUR 20,000,000. The bonds are unsecured, with a maturity of three years. This issue was arranged by Banco BPI SA. Full Article
Sonaecom SGPS SA Announces FY 2011 Dividend Payment Date
Sonaecom SGPS SA announced that, pursuant to the decision taken at the Annual Shareholders’ General Meeting held on April 27, 2012, as of May 24, 2012 dividends relating to the 2011 fiscal year will be made available to shareholders through those financial institutions which their shares are registered in at the gross value of EUR 0.07000 per share or net value of EUR 0.05250 per share. Shares will trade ex-dividend as of May 21, 2012. Full Article
Sonaecom SGPS SA Announces FY 2011 Dividend Payment
Sonaecom SGPS SA announced that, on April 27, 2012, its Board of Directors approved the payment free reserves for the 2011 fiscal year of EUR 25,637,280.76 to shareholders corresponding to a gross value of EUR 0.07 per share in respect of the total number of shares issued, but excluding own shares held by the Company at the date of the payment. No payment will be done in respect of own shares held by the Company on the above payment date and the equivalent gross amount of EUR 0.07 will be added to Accumulated Distributable Reserves. Full Article
Sonaecom SGPS SA’s Subsidiary Optimus Wins ICP-ANACOM’s Auction
Sonaecom SGPS SA announced that on the spectrum auction under the responsibility of the national communications regulator ICP-ANACOM, the Company’s subsidiary Optimus has acquired nine blocks in three frequency bands: two blocks of two times five megahertz in the 800 megahertz band, two blocks of two times five megahertz and one block of two times four megahertz in the 1,800 megahertz band and four blocks of two times five megahertz in the 2.6 gigahertz band. All the blocks were acquired at the reserve price for a total amount of EUR 113 million. Full Article
France Tel agrees option to sell Sonaecom stake
PARIS, Feb 15 - France Telecom said it agreed on an option to sell its 20 percent minority stake in Portugal-based telecom operator Sonaecom to majority owner Sonae.
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