Banco Português de Investimento, S.A.
Public Company
Registered at the Commercial Registry Office of Porto under unique
taxpayer reference number 503 569 046
Registered Office: Rua Tenente Valadim, 284, Porto
Share capital: € 17.500.000,00
NOTICE OF RESULTS OF THE EXCHANGE OFFER OF SEMAPA - SOCIEDADE DE
INVESTIMENTO E GESTÃO, SGPS, S.A.
PURSUANT TO ARTICLE 127 OF THE PORTUGUESE SECURITIES CODE, BANCO PORTUGUÊS DE INVESTIMENTO, S.A.
(“BPI”) INFORMS ABOUT THE RESULTS OF THE GENERAL AND VOLUNTARY TAKEOVER OFFER FOR THE ACQUISITION, IN
THE FORM OF AN EXCHANGE OFFER, OF SEMAPA – SOCIEDADE DE INVESTIMENTO E GESTÃO, SGPS, S.A. (“SEMAPA”)
OWN SHARES FOR THE MAXIMUM CONSIDERATION OF 164,770,541 SHARES REPRESENTING THE SHARE CAPITAL OF
PORTUCEL, S.A. (“PORTUCEL”) HELD BY SEMAPA AND WITH CASH CONSIDERATION FOR EACH FRACTION OF A SHARE
THAT THE ACCEPTING RECIPIENT WOULD BE ENTITLED TO, WHEN THE EXCHANGE DID NOT RESULT IN A WHOLE
NUMBER OF PORTUCEL SHARES (“OFFER”):
Number of Shares
[unless otherwise expressed]
Offer results
Shares representing the share capital of Semapa
Semapa shares held by entities in any of the circumstances contemplated in article 20(1) of the
Portuguese Securities Code in respect of Semapa
Semapa treasury shares
106,510,000
58,042,546
5,530
Scope of the Offer
48,461,924
Shares representing the share capital of Semapa acquired by Semapa in the Offer
24,864,477
Shares acquired by Semapa in the Offer / Scope of the Offer
51.31%
Shares representing the share capital of Semapa not acquired by Semapa in the Offer
23,597,447
Shares representing the share capital of Portucel exchanged in the Offer
84,539,108
Cash consideration paid in the Offer (€)
The physical and financial settlement of the Offer shall occur next July 30 2015.
July 28, 2015
The Financial Intermediary responsible for assisting the Offer
Banco Português de Investimento, S.A.
463.10