Rua Levindo Lopes, 258 - Funcionários
Cep: 30.140-170 - Belo Horizonte (MG) - Brazil
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AUCTION HELD ON MAY 12, 2008 ON PUBLIC TENDER OFFER FOR ACQUISITION OF
1/3 OF THE OUTSTANDING PREFERRED SHARES ADDITIONAL INFORMATION
São Paulo, May 13, 2008 VIVO Participações S.A. (Vivo Part NYSE: VIV) and TCO IP S.A. (Offeror) hereby announces that the number of ADRs of Telemig Celular Participações S.A.(NYSE: TMB) tendered by the ADR holders in the auction held yesterday on the public tender offer was of approximately 4,238,049 and the amount number of ADRs effectively sold to the Offeror was of 1,655,806 ADRs. Due to the fact that the number of ADRs offered by the ADR holders in the auctions have exceeded the maximum amount that the Offeror TCO IP S.A, undertook to acquire (the limited amount of 1/3 of outstanding preferred shares), the proration factor applied was of 0.3907.
VIVO Investor Relations
Ernesto Gardelliano
Carlos Raimar Schoeninger
Janaina São Felicio
Av Chucri Zaidan, 860 Morumbi SP 04583-110
Telephone: +55 11 7420-1172
e-mail: ri@vivo.com.br
Information disclosure on website: http://www.vivo.com.br/ir
This press release contains forecasts of future events. Such statements are not statements of historical fact, and merely reflect the expectations of the company's management. The terms "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "projects", "aims" and similar terms are intended to identify these statements, which obviously involve risks or uncertainties which may or may not be foreseen by the company. Accordingly, the future results of operations of the Company may differ from its current expectations, and the reader should not rely exclusively on the positions taken herein. These forecasts speak only of the date they are made, and the company does not undertake any obligation to update them in light of new information or future developments
TELEMIG CELULAR PARTICIPAÇÕES S.A. | ||||
By: | /s/ Roberto de Oliveira Lima | |||
Name: | Roberto de Oliveira Lima | |||
Title: | Chief Executive Officer, Chief Financial Officer and Investor Relations Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.