1. The shareholders shall be notified, by public notice, of the period and other conditions for exercising the subscription right.
1 - Os accionistas devem ser avisados, por anúncio, do prazo e demais condições de exercício do direito de subscrição.
2. The articles of association may provide for additional communications to the shareholders and, where all the shares issued by the company are registered shares, the public notice may be replaced by a registered letter.
2 - O contrato de sociedade pode prever comunicações adicionais aos accionistas e, no caso de todas as acções emitidas pela sociedade serem nominativas, pode o anúncio ser substituído por carta registada.
3. The period set for exercising the pre-emption right may not be shorter than 15 days from the publication of the public notice, or 21 days from the dispatch of the letter addressed to the holders of registered shares.
3 - O prazo fixado para o exercício do direito de preferência não pode ser inferior a 15 dias, contados da publicação do anúncio, ou a 21 dias, contados da expedição da carta, dirigida aos titulares de acções nominativas.
The notice by announcement, the option of a registered letter where all shares are registered, and the minimum periods of 15 days from publication and 21 days from dispatch of the letter 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.