Oi extraordinary shareholders’ meetings suspended until further order

By Caroline Salls

Pittsburgh, Sept. 9 – Oi SA said the extraordinary general shareholders’ meetings scheduled for Sept. 8 were suspended and will only take place subject to a future order of the 7th Corporate Court of the Judicial District of the City and State of Rio de Janeiro.

According to a 6-K filed with the Securities and Exchange Commission, the court granted a request for clarification filed by Bratel BV that addresses the suspension of the shareholders’ meetings.

At the suspended meetings, the shareholders were expected to vote on the dismissal of members of Oi’s board of directors and the adoption of measures to file a lawsuit against some company managers.

Oi, based in Rio de Janeiro, is a telecommunications service provider. The company filed for bankruptcy on June 21 in the U.S. Bankruptcy Court for the Southern District of New York under Chapter 15 case number 16-11791.

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