Chapter IV · Bonds · Section II · Types of bonds

Article 367 Shareholders’ pre-emption right

Artigo 367.º · Direito de preferência dos accionistas

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

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1. Shareholders have a pre-emption right in the subscription of bonds convertible into shares of the issuing company, and Articles 458 to 460 apply.

1 - Os acionistas têm direito de preferência na subscrição de obrigações convertíveis em ações da sociedade emitente, aplicando-se o disposto nos artigos 458.º a 460.º.

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2. No person who may benefit specifically from the removal or limitation of the shareholders’ pre-emption right in the subscription of convertible bonds may take part in the vote removing or limiting that right, nor shall that person’s shares be taken into account in calculating the attendance required for the general meeting to be held or the majority required for the resolution.

2 - Não pode tomar parte na votação que suprima ou limite o direito de preferência dos accionistas na subscrição de obrigações convertíveis todo aquele que puder beneficiar especificamente com tal supressão ou limitação, nem as suas acções serão tidas em consideração no cálculo do número de presenças necessárias para a reunião da assembleia geral e da maioria exigida para a deliberação.

What we checked in this article

The cross-reference to Articles 458 to 460 and the exclusion of any specifically benefiting person from the vote and from the attendance and majority calculations 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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