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TIM - Relações com Investidores

NOTICE TO THE SHAREHOLDERS
CAPITAL INCREASE

TIM PARTICIPAÇÕES S.A.

Publicly Held Company
CNPJ/MF 02.558.115/0001 -21
NIRE 33.300.276.963


 
TIM Participações S.A. ("Company") announces to its shareholders and to the market in general that the Ordinary and Extraordinary Shareholder's Meeting of TIM Participações S.A. ("Company") held on April 11th, 2008, approved the capital increase in the amount of sixty three million, eighty four thousand, eight hundred and sixty eight Reais and two cents (R$ 63,084,868.02), upon the capitalization of the remaining portion of the Special Goodwill Reserve (Reserva Especial de Ágio) corresponding to the tax benefit accrued by the Company's subsidiaries during the fiscal year of 2007, such benefit resulting from the amortization of the goodwill accounted by the Company's subsidiaries during the fiscal year of 2000. According to CVM's Ruling 319/99 and the Spin-Off and Merger Agreements related to the matter, the above-mentioned portion of the Special Goodwill Reserve (Reserva Especial de Ágio) will be capitalized in the subsidiaries, as follows: thirty seven million, nine hundred and four thousand, two hundred and thirty nine Reais and sixty two cents (R$ 37,904,239.62) related to TIM Celular S.A. and twenty five million, one hundred and eighty thousand, six hundred and twenty eight Reais and forty cents (R$ 25,180,628.40) . By virtue of the deliberations adopted in the referred Shareholders' Meeting, the Company's capital stock was increased to seven billion, six hundred and thirteen million, six hundred and ten thousand, one hundred and forty three Reais and twelve cents (R$ 7,613,610,143.12) .

In accordance with the referred CVM Ruling, the Spin-Off and Merger Agreements and Section 171 of Law 6,404/76, the shares issued as a consequence of the capitalization shall be destined to the controlling shareholder (TIM Brasil), having the other shareholders the faculty to exercise their preemptive right related to the referred shares.

The term for the exercise of the preemptive right of the shareholders is of thirty (30) days, counted from the date of the publication of the present Notice, according to the provisions below:

1 – AMOUNT OF THE CAPITAL INCREASE: Sixty three million, eighty four thousand, eight hundred and sixty eight Reais and two cents (R$ 63,084,868.02).

2 – NUMBER AND TYPE OF THE ISSUED SHARES: 3,359,308 common shares and 6,503,066 preferred shares, all book-entry and without par value.

3 –ISSUANCE AND SUBSCRIPTION PRICE OF EACH SHARE: R$ 7.59 for each common share and R$ 5.78 for each preferred share issued.

4 – JUSTIFICATION OF THE ISSUANCE PRICE: The establishment of the shares issuance price was made based on the average of the Company's quotation at the São Paulo Stock Exchange (Bovespa) during the ten (10) trading days prior to April 11th, 2008. The issuance price shall not change during the period reserved for the exercise of the preemptive right by the Company's shareholders.


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