Pular para conteúdo

TIM - Relações com Investidores

TIM PARTICIPAÇÕES S.A.
Publicly Held Company
CNPJ/MF 02.558.115/0001 -21
NIRE 33.300.276.963

MINUTES OF THE BOARD OF DIRECTORS' MEETING HELD ON MAY 26TH, 2008


 
DATE, TIME AND PLACE: May 26th, 2008, at 03:00pm, in the City and State of São Paulo.

ATTENDANCE: Messrs. Giorgio della Seta Ferrari Corbelli Greco, Isaac Selim Sutton and Josino de Almeida Fonseca attended the meeting. Messrs. Stefano Ciurli, Mario Cesar Pereira de Araujo, Francesco Saverio Locati and Maílson Ferreira da Nóbrega attended the meeting by means of conference call, as provided for in section 29, § 2nd, of the Company's By-Laws, all of them, jointly, representing the totality of the effective members of the Company's Board of Directors. Mr. Gianandrea Castelli Rivolta, Chief Financial Officer and Investors Relations Officer of the Company also attended the meeting.

BOARD: Mr. Giorgio della Seta Ferrari Corbelli Greco – Chairman; and Mrs. Alessandra Catanante – Secretary.

AGENDA: (1) examine, discuss and approve the execution of a long term financing agreement between the European Investment Bank ("EIB"), TIM Celular S.A. and TIM Nordeste S.A., with the consent of TIM Participações S.A.; and (2) examine, discuss and approve the execution of guaranty agreements with first class banks for the financing agreement referred above.

RESOLUTIONS: Upon review and discussion of the matters included in the Agenda, the Board Members decided to, by unanimous votes and with no restrictions: (1) approve the execution of a long term financing agreement, between the European Investment Bank ("EIB"), TIM Celular S.A. and TIM Nordeste S.A., with the consent of TIM Participações S.A., in the value of € 200,000,000.00 (two hundred million euros), pursuant to the documents presented and filed in the Company's headquarters. The Board members requested to be informed about the details at the moment of the disbursement, and that, therefore, such disbursement shall be subject to prior approval of the Board of Directors; (2) approve the execution, by the Company, of guaranty agreements with a bank that shall be selected by the Company for the covering of the financing agreement executed with the EIB. The guaranty agreement shall be made for the entire amount and term of the financing agreement. In this way, the Company's Board of Officers, as well as its subsidiaries` Board of Officers, are authorized to practice all the acts and take all the necessary and mandatory measures to the execution of the related agreements and operations, including (i) the execution of the agreements and authorization statements that shall be necessary, by any of the officers and/or attorneys-in-fact of the Company, duly designated and with specific powers, as well as by the officers and/or attorneys-in-fact of its subsidiaries, respectively; and (ii) the authorization to the officers of the Company and of its subsidiaries to issue powers of attorney, with special powers related to the agreements referred in (1) and (2) above, to the Messrs. Oscare Cicchetti, Francesco Tanzi, Francesco Mancini and Gianandrea Castelli Rivolta.

CLOSING: With no further issues to discuss, the meeting was closed and these minutes were drafted, as summary, and read, approved and signed by the attending Board Members.

 
São Paulo (SP), May 26th, 2008.


GIORGIO DELLA SETA FERRARI CORBELLI GRECO ALESSANDRA CATANANTE
Chairman Secretary
   
MARIO CESAR PEREIRA DE ARAUJO STEFANO CIURLI
Board Member Board Member
   
FRANCESCO SAVERIO LOCATI ISAAC SELIM SUTTON
Board Member Board Member
   
MA¥LSON FERREIRA DA NÓBREGA JOSINO DE ALMEIDA FONSECA
Board Member Board Member

 

Copyright TIM S.A. 2021 - Todos direitos reservados.