|
|
 |
 |
Shareholders Services |
|
|
 |
| Shares are usually traded on the stock exchanges, where they can be bought or sold through a securities broker chosen by the shareholder/investor. The shareholder/investor must go to the selected broker, who will inform which documents and requirements are to be arranged for registration purposes. |
The following documents are usually required:
 Individual: |
| Identity card and CPF. |
| Corporate: |
|
CGC, company's Bylaws and latest contractual amendment (certified by the Board of Trade in case of amendment made over 12 months ago) and minutes, or equivalent documents. |
|
| Legal Representative: |
| Public Proxy (registered in a notary public's office). |
 Sale of all shares through an accredited bank
|
|
|
| For better shareholder's convenience, Embratel Participações S.A. has accredited a lot of banks and their respective brokers, as follows: Banco Itaú, Banco do Brasil, Bradesco, Banco Real e Unibanco. In order to sell all their shares, shareholders must take the following documents to any branch of the aforementioned banks: |
| Individual |
| Identity card, CPF and recent residence supporting document. |
| Corporate: |
|
CGC, company's Bylaws and latest contractual amendment (certified by the Board of Trade in case of amendment made over 12 months ago) and minutes, or equivalent documents. |
|
Note: Shareholders can sell all their shares up to 100,000 (one hundred thousand) shares including ordinary and preferred stock. It should be reminded that the accredited banks for selling shares do not buy the shares from shareholders. In fact, these banks act as mere intermediary parties. When shareholders order the sell of their shares to a bank agency, in fact they are hiring the bank's broker service to sell their shares on the stock exchange. Shareholders pay a brokerage charge to the broker and stock exchange fees for the provision of the service. These values must be broken down on the operation receipt.
The order to sell will be executed in compliance with the price in force on the stock exchange at the time when the broker is performing the sale. Since the price of shares varies along the day, the final price will not be necessarily the market opening or closing price. Such quotation is generally published in major business newspapers.
|
|
|
