RIO DE JANEIRO, Feb. 10, 2015 /PRNewswire/ -- Oi S.A.
("Oi" or the "Company," Bovespa: OIBR3, OIBR4; NYSE: OIBR and
OIBR.C) in accordance with the Material Facts disclosed on
December 15, 2014 and January 26, 2015 (the "Material Facts") informs
its shareholders and the market in general that, on this date, new
management proposals ("New Management Proposals") were made
available, replacing the management proposals disclosed by the
Company on January 28, 2015 (the
"Original Management Proposals"), in accordance with the call
notices of the general meeting of debenture holders of the
5th issuance of debentures of the Company (the "General
Meetings of Debenture Holders of the 5th Issuance") and
of the general meeting of debenture holders of the 9th
issuance of debentures of the Company (the "General Meeting of
Debenture Holders of the 9th Issuance" and, together
with the General Meeting of the Debenture Holders of the
5th Issuance, the "General Meetings of Debenture
Holders"), each published on January 28,
2015.
The New Management Proposals adjust certain terms included in
the Original Proposals, particularly in respect of (i) the payment,
by the Company, of a Waiver Fee to all of the debenture holders of
the 5th issuance ("5th Issuance Debenture
Holders") and to all of the debenture holders of the 9th
issuance ("9th Issuance Debenture Holders," and,
together with the 5th Issuance Debenture Holders, the
"Debenture Holders"), as soon as the materials included in the
"agenda of the day," which will be deliberated in the respective
General Meetings of the Debenture Holders, are approved, and (ii)
the procedures related to the Mandatory Acquisition of the
debentures by the Company, with respect to the Debenture Holders
that opt into the terms of the New Management Proposal.
The full content of the New Management Proposals was disclosed,
on the date hereof, on the IPE system of the Brazilian Securities
Commission (Comissao de Valores Mobiliarios) and on the
Company's website.
The Company will keep its shareholders, the debenture holders
and the market in general informed of any relevant subsequent
events related to the topics discussed in this Material Fact.
Rio de Janeiro,
February 10, 2015.
Oi S.A.
Bayard
De Paoli Gontijo
Chief Executive Officer, Chief Financial Officer and Investor
Relations Officer
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SOURCE Oi S.A.