Portugal Telecom eliminates golden shares

News General Portugal 27 JUL 2011
Portugal Telecom eliminates golden shares
Portugal Telecom shareholders have approved the elimination of the special rights until now granted to the 500 class A shares ('golden shares'). The so-called 'golden shares' gave the Portuguese state special rights, such as the right to veto strategic decisions by the company. The decision eliminates any special rights that give the state preference over other shareholders.

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Portugal Telecom

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