Annual General Shareholders' meeting of 27 April 2012
The Annual General Meeting of Portugal Telecom, SGPS, S.A. took place, in 27 April 2012. Were present or represented shareholders corresponding to 61.0% of the voting rights, the following matters were discussed and approved:
| Proposals |
For |
Against |
Abstain |
| 1. To resolve on the management report, balance sheet and accounts for the year 2011; |
99.94% |
0.00% |
0.05% |
| 2. To resolve on the consolidated management report, balance sheet and accounts for the year 2011; |
99.94% |
0.00% |
0.06% |
| 3. To resolve on the proposal for application of profits and distribution of reserves; |
99.90% |
0.05% |
0.04% |
| 4. To resolve on a general appraisal of the Company’s management and supervision; |
99.41% |
0.53% |
0.06% |
5. To resolve on the election of the members of the corporate bodies and of the Compensation Committee for
the term of office of 2012-2014; |
99.61% |
3.14% |
3.25% |
| 6. To resolve on the election of the effective and alternate Statutory Auditor for the term of office of 2012-2014; |
99.65% |
0.29% |
0.05% |
| 7. To resolve on the acquisition and disposal of own shares; |
99.03% |
0.91% |
0.06% |
8. To resolve, pursuant to article 8, number 4, of the Articles of Association, on the parameters applicable in the
event of any issuance of bonds convertible into shares that may be resolved upon by the Board of Directors; |
95.77% |
4.19% |
0.04% |
| 9. To resolve on the suppression of the pre-emptive right of the Shareholders in the subscription of any issuance of convertible bonds as referred to under item 8 hereof, as may be resolved upon by the Board of Directors; |
92.63% |
7.33% |
0.04% |
10. To resolve on the renewal of the authorization granted to the Board of Directors to increase the share capital
by contributions in cash, in accordance with number 3 of article 4 of the Articles of Association; |
93.60% |
6.35% |
0.04% |
| 11. To resolve on the issuance of bonds and other securities, of whatever nature, by the Board of Directors, and notably on the fixing of the value of such securities, in accordance with articles 8, number 3 and 15, number 1, paragraph e), of the Articles of Association; |
99.86% |
0.08% |
0.06% |
| 12. To resolve on the acquisition and disposal of own bonds and other own securities; |
99.24% |
0.69% |
0.07% |
13. To resolve on the statement of the Compensation Committee on the remuneration policy for the members
of the management and supervisory bodies of the Company; |
87.20% |
2.37% |
10.43% |
14. To resolve on the creation of an ad hoc commission to determine the remuneration of the members of the
Compensation Committee. |
99.38% |
0.41% |
0.21% |
In order to attend most of the queries from our shareholders a specific site was created, including contacts, forms and schedules, among other funcionalities related to the Shareholder meeting to be held on 27 April 2012.
Info concerning previous shareholder meentings