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Article: Portugal Telecom Annual General Shareholders' Meeting.
- Article from:
- Business Wire
- Article date:
- April 24, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
LISBON, Portugal--(BUSINESS WIRE)--April 24, 2001
Portugal Telecom, SGPS, S.A. (NYSE: PT; BVL: PTCO.IN), the Portuguese telecommunications company, today announced that all proposals were approved at the Annual General Shareholders' Meeting held today:
-- Portugal Telecom's management report, and the consolidated and individual
financial statements for 2000.
-- Appropriation of net income as follows:
-- PTE 5,417,869 thousand as legal reserve;
-- PTE 26,119,968 thousand as retained earnings;
-- PTE 76,819,543 thousand as free reserves.
-- A share capital increase in the form of an incorporation of reserves, in the ...