RIO DE JANEIRO, May 5, 2014 /PRNewswire/ -- Oi S.A. ("Oi"
or the "Company", BOVESPA: OIBR3, OIBR4; NYSE: OIBR and OIBR.C),
pursuant to article 157, paragraph 4 of Law No. 6,404/76 (the
"Brazilian Corporations Law") and Instruction No. 358/02 of the
Brazilian Securities and Exchange Commission (Comissao de
Valores Mobiliarios) ("CVM") notifies its shareholders and the
market in general that, in connection with its primary public
offering of common and preferred shares, including shares in the
form of American Depositary Shares, represented by American
Depositary Receipts, conducted simultaneously in Brazil (the "Brazilian Offering") and outside
Brazil (the "International
Offering" and, together with the Brazilian Offering, the "Public
Offering"):
On May 5, 2014, Banco BTG Pactual
S.A., in its role as Stabilizing Agent for the Public Offering,
partially exercised, pursuant to article 24 of CVM Instruction No.
400, its option to place an additional 120,265,046 common shares
and 240,530,092 preferred shares issued by Oi (the "Option
Shares"), which represents an increase of 6.27% in the total number
of shares distributed by Oi in the Public Offering.
Taking into account the shares initially offered, as disclosed
in the Material Fact dated April 29,
2014, and the Option Shares, a total of 1,865,954,588 common
shares and 3,696,207,346 preferred shares were distributed pursuant
to the Brazilian Offering and 396,589,982 common shares and
828,881,795 preferred shares were distributed pursuant to the
International Offering, in exchange for which Oi received gross
proceeds in the amount of R$13.96
billion, composed of R$8.25
billion in cash and R$5.71
billion in assets contributed by Portugal Telecom SGPS S.A.
("Portugal Telecom").
Given the success of the Public Offering in raising funds, the
price behavior of Oi's shares in recent trading sessions and the
closing of the Public Offering with the exercise by Banco BTG
Pactual S.A. of its option to place the Option Shares, Oi will
publish on May 6, 2014, in accordance
with article 29 of CVM Instruction No. 400, the closing
announcement of the Public Offering in a Brazilian newspaper of
wide circulation used by Oi, which announcement will contain the
final information about the Public Offering.
OI S.A.
Bayard
De Paoli Gontijo
Chief Financial Officer and Investor Relations Officer
SOURCE Oi S.A.