CTT Correios de Portugal : Co-optation of a Non-Executive Member of the Board
June 19, 2019 at 12:54 pm EDT
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CTT - Correios de Portugal, S.A.
Public Company Avenida D. João II, 13 1999-001 LISBON
Lisbon commercial registry and fiscal no. 500 077 568
Share Capital EUR 75,000,000.00
Announcement - Lisbon, 19 June 2019
Material information
CTT - Correios de Portugal, S.A. ("CTT" or "Company") hereby informs that, in its meeting held today, the Board of Directors decided to co-opt Duarte Palma Leal Champalimaud as Non-Executive Member of the Board of Directors to complete the current term of office (2017-2019), following the resignation of Francisco José Queiroz de Barros de Lacerda as Member of the Board of Directors.
This co-optation will be subject to ratification by the next General Meeting of Shareholders of CTT.
This information to the market and the general public is made under the terms and for the purposes of article 248 et seq. of the Portuguese Securities Code and other legislation in force. It is also available on CTT Investor Relations website at:
CTT – Correios de Portugal SA published this content on 19 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 June 2019 16:53:07 UTC
CTT-Correios de Portugal, S.A. is the Portuguese leader in postal services provision. Net sales break down by activity as follows:
- mail collection and delivery (50.4%): letters, postcards, ads, advertising documents, newspapers, etc.;
- express and parcels transportation and delivery services (40.2%): activity ensured in Portugal, Spain and Mozambique;
- sale of financial products and services (7.2%): public debt certificates, postal saving products, insurance and postal money orders;
- banking and payment services (2.2%): savings accounts, consumer credit (auto loans and credit cards), mortgage loans, off-balance sheet savings. The group also provides payment solutions (Payshop) allowing paying for purchases through the Internet and via certified agents (kiosks, tobacconists, supermarkets, etc.).
Portugal accounts for 69% of net sales.
CTT-CORREIOS DE PORTUGAL, S.A. 
