Oi releases material fact: Shareholder Compensation
RIO DE JANEIRO, July 24, 2013
RIO DE JANEIRO, July 24, 2013 /PRNewswire/ --Oi S.A. (the "Company"), in
accordance with CVM Instruction No. 358/02, discloses to its shareholders and
the market in general that the information gathered to date with respect to
the quarter ended on June 30, 2013 indicates that the Company's indebtedness
surpassed the limit of the following ratio: Net Debt (including dividends to
be paid in the fiscal period) / EBITDA (calculated in the fiscal period prior
to the payment of dividends), as disclosed in a Material Fact dated April 17,
In view of this, a condition considered necessary by the Company for the
distribution of dividends to shareholders in August 2013 was not met.
Finally, the earnings release for the quarter ended on June 30, 2013, together
with the other documents that comprise the quarterly financial information for
the period, will be made on August 13, 2013, as previously disclosed to the
market, following the independent auditor review and conclusion of the
applicable corporate formalities.
Rio de Janeiro, July 24, 2013.
Investor Relations Officer
Corporate Taxpayers' Registry (CNPJ/MF) No. 76.535.764/0001-43
Board of Trade (NIRE) No. 33.300.29520-8
SOURCE Oi S.A.
Contact: Patricia Frahjof, Oi S.A., +55 21 3131-1315,
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