RIO DE JANEIRO, March 27, 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 (the "Brazilian Corporations Law") and CVM Instruction No.
358/02, notifies its shareholders and the market in general that as
of the date hereof, Oi received from the Brazilian Securities and
Exchange Commission ("CVM") Official Letter No. 129/2014, in which
it was informed of the suspension, for a term of up to 30 days, of
the public offering of common and preferred shares of Oi, whose
request for registration is being analyzed by the CVM. The CVM
stated that this decision is a result of the publication of
"media articles published yesterday on the websites Exame.com,
R7 Noticias and Estadao.com.br."
The Company will provide the necessary clarifications to the CVM
as soon as possible and will seek to resolve any irregularities in
order to continue with the Offering.
The Company, through this Material Fact, reinforces its
commitment strictly to observe the applicable capital markets laws
and regulations, to clarify that it will take all necessary
measures to prevent similar occurrences in the future and to
neutralize any and all adverse effects caused by the statements
made in the article.
THE COMPANY STRESSES AND REITERATES TO INVESTORS AND
THE MARKET IN GENERAL THAT STATEMENTS CONTAINED IN MEDIA REPORTS
SHALL NOT BE TAKEN INTO ACCOUNT WHEN DECIDING WHETHER TO INVEST IN
THE OFFERING.
THE INVESTORS SHALL BASE THEIR INVESTMENT DECISIONS SOLELY
AND EXCLUSIVELY ON INFORMATION CONTAINED IN THE PROSPECTUS, ONCE
DISCLOSED, IN THE REFERENCE FORM, ESPECIALLY THE "RISK FACTORS,"
"MARKET RISKS" AND THE "RISK FACTORS RELATED TO THE OFFERING AND
OUR SHARES" AND PRINCIPAL RISK FACTORS RELATED TO THE COMPANY"
CONTAINED IN THE PROSPECTUS. POTENTIAL INVESTORS SHOULD ONLY
CONSIDER SUCH DOCUMENTS WHEN DECIDING WHETHER TO INVEST IN THE
COMPANY'S SHARES, AND ONLY SUCH DOCUMENTS CONTAIN ALL MATERIAL
INFORMATION FOR PURPOSES OF THE OFFERING. REVIEW OF THE PROSPECTUS
WILL ALLOW A DETAILED AND SUFFICIENT ANALYSIS OF THE TERMS AND
CONDITIONS OF THE OFFERING AND OF ITS INHERENT
RISKS.
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.