CTT Correios de Portugal S A : Resignation of Executive Director and co-optation of a new Director of CTT
September 03, 2019 at 01:12 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, 3 September 2019
Material information - Resignation of a Member of the Board of Directors and the Executive Committee and co-optation of a new Member
CTT - Correios de Portugal, S.A. ("CTT" or "Company") hereby informs that today Dionizia Maria Ribeiro Farinha Ferreira tendered her resignation from the position of Member of the Board of Directors and the Executive Committee of the Company, effective as provided for by law.
In view of the above and in the exercise of its powers, in its meeting held today, the Board of Directors decided to co-opt João Ventura Sousa to the position, to complete the current term of office. This co-optation is effective as of 18 September 2019 and shall 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-A of the Portuguese Securities Code and other legislation in force. It is also available on CTT's Investor Relations website at: http://www.ctt.pt/ctt-e-investidores/relacoes-com-investidores/comunicados.html?com.dotmarketing.htmlpage.language=1.
CTT – Correios de Portugal SA published this content on 03 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 September 2019 17:11:04 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.