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Jeronimo Martins to convert bearer securities into registered securities

Portuguese retailer Jerónimo Martins SGPS SA said Oct. 10 that it will convert 629,293,220 ordinary shares, which comprises its entire share capital, into registered dematerialized shares from bearer dematerialized shares during a board meeting Oct. 24 to comply with a new securities law.

The company will file Oct. 25 an application to the registry for amending its bylaws. The conversion will take place Nov. 4, when the transitory period for converting existing bearer securities into registered securities ends, Jeronimo Martins added.