Under the company's articles of association, only Shareholders entitled to vote may attend General Meetings, every 100 shares giving entitlement to one vote. Under the law, Shareholders owning a lesser number of shares may group together to complete the required number or a larger number and be represented by one of the group.
Shareholders who, on the registration date, or at 0 hours (GMT) of the 5th trading day next before the General Meeting, are holders of shares conferring, according to the law and the articles of association, at least one vote, are entitled to attend the General Meeting and there discuss and vote.
Exercise of rights to take part in, discuss and vote at the General Meeting is not impaired by the transfer of shares occurring after the date of registration, nor is it dependent on their blocking between that date and the date of the General Meeting. However, Shareholders who have declared their intention to take part in the General Meeting and convey ownership of shares between the registration date and the end of the General Meeting shall so report to the Chair of the Board of the General Meeting and to the Securities Market Commission immediately.
Shareholders wishing to attend the General Meeting must declare this intention in writing to the financial intermediary with which they have opened a relevant individual registration account, by the end of the day preceding the registration date, and may do so by electronic mail, the despatch of this declaration being considered sufficient for the fulfilment of the procedures called for in Article 23-C(3) of the Portuguese Securities Code, thus waiving the need to send any express declaration to the Chair of the Board of the General Meeting on that date.
The financial intermediary referred to in the preceding paragraph sends to the Chair of the Board of the General meeting, by the end of the registration date, information on the number of shares registered in the name of its customer as of that date, information that can be sent by electronic mail.