Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
ANNOUNCEMENT |
Portugal Telecom, SGPS,
S.A.
Public Company
Registered Offices: Avenida Fontes Pereira de Melo,
40, Lisbon
Share Capital: Euro
1,254,285,000
Registered in the Conservatory of the Commercial
Registry of Lisbon under no. 03602/940706
Collective Person no. 503 215 058
Lisbon, Portugal, March 2, 2004 Pursuant to the terms of subparagraph d) of no. 1 of article 3 of the CMVMs (Portuguese Securities Market Commission) Regulation No. 11/2000, Portugal Telecom, SGPS, S.A. (PT) (NYSE: PT; Euronext: PTCO.IN) today announced that, following the resignation of Mr. Luís Augusto da Silva from the Board, for personal and professional reasons, Mr. Luís de Mello Champalimaud was appointed as a non-executive member of the Companys Board of Directors, to complete the term of office for the period 2003-2005.
On behalf of the Board of Directors, Mr. Ernâni Lopes, Chairman of the Board, thanked Mr. Luís Augusto da Silva for his valuable contribution to the Group over the past three years.
This information is also available on PTs IR website http://ir.telecom.pt.
Contact: | Nuno Prego, Investor Relations Director |
nuno.prego@telecom.pt | |
Portugal Telecom | |
Tel: +351 21 500 1701 | |
Fax: +351 21 355 6623 |
PORTUGAL TELECOM, SGPS, S.A.
| ||
By: |
/S/
Nuno Prego
| |
Nuno Prego
Investor Relations Director
|
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 of future 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.