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In the event that, further to a takeover bid of a Company with shares admitted to trading on a regulated market in Portugal, the offeror acquires 90% or more of the voting rights in such company, the law establishes its right to acquire the remaining shares, implementing a squeeze-out procedure. This squeeze-out right shall be exercised within three months as of the assessment of the results of the takeover bid’ and the consideration to be paid shall comply with the minimum legally required and be in cash.
Following a squeeze-out of the remaining shares, the Company’s shares and any securities granting the right to acquire them will be immediately excluded from trading on the regulated market.
