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Does not include those resolutions which, if published, could constitute a violation of the duties of secrecy to which CMVM is subject

Principal Resolutions of the Executive Board of the CMVM


22 June 2012

The Executive Board of the CMVM (Comissão do Mercado de Valores Mobiliários) passed the following resolutions at a meeting held on 22 June 2012:

 1. Approve:

    • advertising of XTB Online Trading, “Newsletter, Anúncio e Banner”, concerning a decrease in the spreads of complex financial products trading, in accordance with CMVM Regulation No. 1/2009, of 30 July;
       
    • the base prospectus for issuance programme and admission to trading on the regulated market of Euronext Lisbon of medium-term debt securities up to a maximum of €200 million, by Sonae SGPS, SA, and the manual on transmission of orders by phone to be used for the initial offer;
       
    • advertising for  public offer of bonds up to a maximum of €100 million, with a nominal value of €1 per unit, subject to a minimum subscription of 1,000 bonds per order, by Sonae SGPS, SA, called "Continente Obrigações 7% 2015" pursuant to €200 million Offer Programme;
       
    • advertising and call centre manual for the public offer of subscription of bonds, amounting to €250 million, called“Obrigações PT Taxa Fixa 2012/2016”, to be carried out by Portugal Telecom, SGPS, S.A., pursuant to €7,500 million Euro Medium Term Note Programme;
       
    • MIBEL document called “Integração da Produção em Regime Especial no MIBEL e na Operação dos Respectivos Sistemas Elétricos – Propostas de Harmonização Regulatória”, resulting from a public consultation organized by the MIBEL Council of Regulators in November 2011;
       
    • admission of two applications for traineeships in the CMVM;
       
    • selection and start of procedure for direct awarded contract for  acquiring metal cabinets. Five entities were invited to submit proposals.

2. Authorise:

    • replacement of the the management company “Imorendimento – Sociedade Gestora de Fundos de Investimento Imobiliários, S.A.” and respective amendments to the management rules and regulations of the fund “Imorendimento II – Fundo de Investimento Imobiliário Fechado” by “Selecta – Sociedade Gestora de Fundos de Investimento Imobiliários, S.A.”;
       
    • merger by acquisition of “Fundo de Investimento Mobiliário Aberto Barclays Premier Acções Portugal” into the fund “Barclays Global Dinâmico – Fundo de Investimento Mobiliário Aberto de Fundos Misto”, managed by Barclays Wealth Managers Portugal – Sociedade Gestora de Fundos de Investimento Mobiliário, S.A.;
       
    • amendments to Rule Book and Instructions of LCHClearnet, S.A., concerning “position limit on commodity future contracts” and “delivery of commodity future contracts”;
       
    • amendments to Rule Book and Instructions of LCH Clearnet, S.A., concerning Secfinex – Termination.
       
    • sale of property by open-end investment fund “Gespatrimónio Rendimento”, managed by ESAF, to “FUNGEPI BES – Fundo de Gestão de Património Imobiliário”, managed by Fimoges – Sociedade Gestora de Fundos de Investimento Imobiliário.

 3. Record entry in the register of:

    • Euronext Lisbon – Sociedade Gestora de Mercados Regulamentados, S.A. - amendments to Regulation I on Harmonised Market Rules;
       
    • OMIP - change of name of OMIP – Operador o Mercado Ibérico de Energia (Pólo Português), SGMR, S.A., to OMIP – Pólo Português, SGMR, S.A. and notify the MIBEL Regulators Council of said amendment.
 

The Executive Board