Chapter III · Shares · Section V · Non-voting preference shares

Article 344 Conversion of shares

Artigo 344.º · Conversão de acções

Código das Sociedades Comerciais · Decree-Law No. 262/86 · consolidated text checked 26 October 2026

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1. Ordinary shares may be converted into non-voting preference shares by resolution of the general meeting, in compliance with Article 24, Article 341(1) and Article 389, and that resolution must be published.

1 - As ações ordinárias podem ser convertidas em ações preferenciais sem direito de voto, mediante deliberação da assembleia geral, observando-se o disposto no artigo 24.º, no n.º 1 do artigo 341.º e no artigo 389.º, devendo tal deliberação ser publicada.

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2. The conversion provided for in paragraph 1 is carried out at the request of the interested shareholders, within the period set by the resolution, which may not be less than 90 days from its publication, and the principle of equal treatment must be observed in carrying it out.

2 - A conversão prevista no n.º 1 faz-se a requerimento dos accionistas interessados, no período fixado pela deliberação, não inferior a 90 dias a contar da publicação desta, respeitando-se na sua execução o princípio da igualdade de tratamento.

What we checked in this article

The cross-references to Articles 24, 341(1) and 389, the publication requirement, the minimum 90-day request period and equal treatment are retained.

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Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.

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