Portugal: Suspension of physical representation at General Meetings
Clearstream Banking1 informs customers that physical representation by BNP Paribas Securities Services at General Meetings has been suspended in Portugal until further notice.
BNP Paribas Securities Services will continue to assist customers in the preparation of the required documentation but will not represent customers physically at the meeting to vote on customers behalf.
The current number of General Meetings announced in the Portuguese Market is still residual, and with the publication of the Decree-Law no. 10-A/2020 of 13 March, that creates exceptional and temporary measures concerning the epidemiological situation, companies that need to organise General Meeting by legal imposition, can do so until the end of June.
If alternative solutions are proposed and officially confirmed by each issuing company such as:
- the delegation of the vote to their Board of Directors;
- the use of correspondence voting either via traditional mail or via electronic correspondence; or
- remote access to the General Meeting,
we will immediately inform you.
We will closely monitor the situation and inform customers of any changes.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.