This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Vivo Participacoes S.A.: Notice To The Market

SAO PAULO, July 6, 2011 /PRNewswire/ --

1. As previously announced by the management of Telecomunicacoes de Sao Paulo S.A. – Telesp ("Telesp") and of Vivo Participacoes S.A. (" Vivo Part." and, jointly with Telesp, the "Companies"), a merger of shares between Vivo and Telesp was completed and as a result Telesp became the sole owner of all of the common shares and preferred shares of Vivo and all of the American Depositary Shares ("ADSs) of Vivo were converted into ADSs of Telesp plus cash instead of any fractional Telesp ADSs.

2. Since June 8, 2011, Vivo's preferred shares have not been traded on the BM&FBovespa S.A. – Bolsa de Valores, Mercadorias e Futuros, the Brazilian stock exchange and the Vivo ADSs have not been traded on the New York Stock Exchange. Since that date, the Telesp shares have only been negotiated under Telesp's trading code: TLPP3 for common shares and TLPP4 for preferred shares.  The Telesp ADSs are now trading under the symbol VIV as the result of an agreement among the New York Stock Exchange, Vivo and Telesp.

3. On June 20, 2011, Form 25 was filed with the Securities and Exchange Commission (the " SEC") (Commission File Number 333-09470) announcing the removal of the Vivo ADSs from listing on the New York Stock Exchange in accordance with Rule 12d2-2(a)(3) of the Securities and Exchange Act of 1934, as amended (the " Exchange Act").

4. In light of Telesp's current ownership of 100% of the equity securities of Vivo, Vivo has determined to terminate the registration of the Vivo ADSs under the Exchange Act and intends to file promptly with the SEC the necessary Form 15F. Vivo estimates that this filing will be made on or before July 8, 2011, thereby terminating its duty to report under section 15(d) of the Exchange Act.

VIVO PARTICIPACOES S.A. Public Held Company with Authorized CapitalCNPJ MF 02.558.074/0001-73 - NIRE 35.3.001.587-92

July 6, 2011

Gilmar Roberto Pereira CamurraInvestors Relations' Officer Vivo Participacoes S.A.

VIVO – Investors Relations OfficeTel: +55 11 7420-1172Email: ri@vivo.com.brInformation: www.vivo.com.br/ri

SOURCE Vivo Participacoes S.A.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,006.47 -63.93 -0.35%
S&P 500 2,101.24 -13.25 -0.63%
NASDAQ 4,959.8320 -57.0970 -1.14%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs