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CORPORATE GOVERNANCE REPORT
Corporate Governance Report
2013
Publicly Listed Company, with share capital of 20,000,000 euros, with its registered office at Praça do Bom Sucesso,
nºs 105/159, 9º andar, 4150-146 Oporto, registered in the Companies Register of Oporto under registration and
fiscal identification number 501669477
A. SHAREHOLDING STRUCTURE
1. Share Capital structure
The share capital of Ibersol, SGPS, SA. amounts to
20,000,000 euros, fully subscribed and paid, represent-
ed by 20,000,000 ordinary registered shares with a par
value of 1 euro per share, all carrying the same rights
and obligations.
2. Share transmission and ownership
restrictions
There is no restriction under the Bylaws, in particular un-
der articles 4 and 5 thereof, on the transferability of the
shares, nor any clause requiring consent to the transfer
of the shares, nor any type of limitation on ownership of
the shares.
3. Own shares
At 31 December 2013 Ibersol, SGPS, SA held 2,000,000
of its own shares, corresponding to 10% of the share
capital, with a nominal value of one euro per share, at
an overall acquisition cost of 11,179,643 euros.
During 2013 the company did not enter into any trans-
actions in own shares.
4. Impact of change in shareholder control of the
company in significant agreements
There are no significant agreements entred into by
the Company or by its subsidiaries that contain claus-
es aimed at establishing measures to protect against
a change of control (including after a tender offer).
There are no specific conditions that limit the exercise
of voting rights by the shareholders of the Company
or other matters liable to interfere in the success of a
tender offer.
5. Defensive measures in case of change in
shareholding control
PART I
SHAREHOLDING STRUCTURE,
ORGANIZATION AND CORPORATE
GOVERNANCE
