Ministerio das Finanças (Ministry of Finance)
Decree-Law
Decree-Law no. 227-A/2000, of September 9, approved the 5th phase of the privatisation of Portugal Telecom, S.A. The said diploma specifies that the State, as shareholder, renounces the privileges inherent to the category A shares to be sold within the privatisation phase in question. Given that some of the shares in this category are held by other public entities or equivalent organisations, it is necessary to specify the terms under which such entities will renounce the privileges inherent to the shares held by them.
Thus:
In pursuit of the legal regime established by Law no. 11/90, of April 5, and under the terms of paragraphs a) and c) of point 1 of article 198 of the Constitution, the Government decrees the following:
Sole Article
Article 2 of Decree-Law no. 227-A/2000, of September 9, now has the following wording:
Article 2
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12. The renunciation of the privileges of category A shares by other PT shareholders holding such shares, produces the effects specified in point 2 of this article as a result of a simple written communication addressed to the chairman of PT's general meetings board.
Seen and approved in Council of Ministers on September 21, 2000 - António Manuel de Oliveira Guterres -Jorge Paulo Sacadura Almeida Coelho - Joaquim Augusto Nunes Pina Moura - António Luís Santos Costa.
Enacted on October 24, 2000.
Let this be published.
The President of the Republic, JORGE SAMPAIO.
Countersigned on 24 October 2000. The Prime Minister, António Manuel de Oliveira Guterres.
