RIO DE JANEIRO, 3 abril de 2014
/PRNewswire/ -- Oi S.A. ("Oi" or the "Company",
BM&FBOVESPA: OIBR3, OIBR4; NYSE: OIBR and OIBR.C) in accordance
with article 157, paragraph 4 of Law No. 6,404/76, pursuant to CVM
Instruction No. 358/02 and in furtherance of the Material Facts
released on October 2, 2013,
February 10, 2014 and February 20, 2014, as well as the Notices to
Market released on February 10, 2014
and March 17, 2014, notifies its
shareholders and the market in general as follows.
As a result of (1) recent interactions between the Company and
the underwriters, (2) comments delivered by the CVM, which must be
responded to as a condition for obtaining registration necessary to
the offering and (3) the timing requirement of CVM Instruction No.
400/03 for having the offering completed prior to the end of the
first four months of the year, the Company and the underwriting
syndicate decided to change the existing business agreement and
modify the firm commitment structure of the offering, which will
occur with a firm commitment for the settlement of the offering,
but without a firm commitment for the placement of the
shares. As a result, the underwriting syndicate will no
longer assume a firm commitment to subscribe for the shares of the
Company, the principal terms and conditions of which appeared in
the draft of the Brazilian preliminary prospecto submitted
to the CVM on February 19, 2014 and
disclosed on the CVM's website on the same day.
The conditions of the offering are described in (a) the Aviso
ao Mercado published today in the newspaper "Valor
Economico", (b) in the new version of the Brazilian preliminary
prospecto disclosed today on the Company's, the
underwriters', the CVM's and the BM&FBOVESPA's websites and (c)
the other offering documents.
Oi will maintain its shareholders and the market informed of any
subsequent events related to the Offering.
Rio de Janeiro, April 3, 2014.
Oi S.A.
Bayard De Paoli Gontijo
Chief Financial Officer and Investor Relations Officer
Additional Information and Where to Find It:
Oi S.A. ("Oi") has filed a registration statement (including a
prospectus) with the U.S. Securities and Exchange Commission (the
"SEC") for the offering to which this communication relates. Before
you invest, you should read the prospectus in that registration
statement and other documents Oi has filed with the SEC for more
complete information about Oi and this offering. You may get these
documents for free by visiting EDGAR on the SEC's website at
www.sec.gov. Alternatively, Oi will arrange to send you the
prospectus after filing if you request it by calling toll-free
1-855-672-2332.
SOURCE Oi S.A.
