TELE CENTRO OESTE CELULAR PARTICIPAÇÕES S.A. ANNOUNCES THE OUTCOME OF THE EIGHTH AUCTION FOR PLACEMENT OF SHARES RESULTING FROM THE REVERSE SPLIT OF SHARES
TELE CENTRO OESTE CELULAR PARTICIPAÇÕES S.A. – BOVESPA AUCTION OF 06/22/2005 FOR SALE OF SHARES RESULTING FROM THE REVERSE SPLIT OF SHARES NOT MADE AVAILABLE IN THE PREVIOUS AUCTIONS
Brasília, Brazil – June 22, 2005 – Tele Centro Oeste Celular Participações S.A. (“Company”), (BOVESPA: TCOC3 (Common), TCOC4 (Preferred), NYSE: TRO), announces today the total number of common and preferred shares sold at the eighth auction held on 06/22/2005 at the São Paulo Stock Exchange, and the respective per shares prices to be credited to the shareholders pro rata to the fractional shares held by them before the auction;
Auction held on 06/22/2005
Code
Type
Number of Shares Offered
Number of Shares Sold
Net Value per Share (1)
TCOC3
ON
861,500
5,200
0.10792
Auction held on 06/17/2005
Code
Type
Number of Shares Offered
Number of Shares Sold
Net Value per Share (1)
TCOC3
ON
881,200
19,700
0.40885
Auction held on 06/15/2005
Code
Type
Number of Shares Offered
Number of Shares Sold
Net Value per Share (1)
TCOC3
ON
896,300
15,100
0.31338
Auction held on 06/08/2005
Code
Type
Number of Shares Offered
Number of Shares Sold
Net Value per Share (1)
TCOC3
ON
924,200
27,900
0.57903
Auction held on 06/03/2005
Code
Type
Number of Shares Offered
Number of Shares Sold
Net Value per Share (1)
TCOC3
ON
974,200
50,000
1.15349
Auction held on 05/31/2005
Code
Type
Number of Shares Offered
Number of Shares Sold
Net Value per Share (1)
TCOC3
ON
996,200
22,000
0.56393
Auction held on 05/25/2005
Code
Type
Number of Shares Offered
Number of Shares Sold
Net Value per Share (1)
TCOC3
ON
1,009,000
12,800
0.38321
Auction held on 05/20/2005
Code
Type
Number of Shares Offered
Number of Shares Sold
Net Value per Share (1)
TCOC3
ON
1,009,000
0
0
TCOC4
PN
942,708
942,708
24.31592
Total
Code
Type
Number of Shares Offered
Number of Shares Sold
Accumulated Net Value per Share (1)
TCOC3
ON
1,009,000
152,700
3.50981
TCOC4
PN
942,708
942,708
24.31592
The 856,300 common shares not sold at the auction held on 06/22/05 shall be offered at another auction, to be held on 06/27/2005, for the reference price of R$ 20.97 per common share, which is the same price of the session held on June 8, 15, 17 and 22 of 2005, the result thereof should be consequently disclosed by the Company.
Having in consideration that not all the shares offered at the auction above were sold, the proceeds from the sale of the common and preferred shares traded at the referred auction will only be made available to the holders of fractional shares after the sale of the totality of the Company’s shares that remained unsold after such auction, as follows:
(a) The Shareholders whose shares are in custody with Banco ABN Amro Real S.A. shall appear to any branch of said institution in order to receive the amounts to which they are entitled;
(b) The amount corresponding to the Shareholders having entered custody agreements with the CBLC – Brazilian Settlement and Custody Company, shall be directly credited to that company, which will transfer the respective amounts to the Shareholders through the Custody Agents; and
(c) For those Shareholders whose Shares are blocked or without updated record, the amount to which they are entitled shall be retained by the Company and made available to the respective Shareholder for payment, which shall be released exclusively against presentation of document evidencing unblocking of the shares and/or identification, as the case may be, at any ABN Amro Real S.A. branch, the institution acting as trustee of the book-entry shares issued by the Company.
Brasília, June 22, 2005.
Arcádio Luís Martínez García
Executive Vice-President for Finance, Planning and Control
and Investor Relations Officer
Tele Centro Oeste Celular Participações S.A.
www.vivo.com.br
For additional information, please contact:
Charles Edwards Allen
Investor Relations Office
Tel: 55 11 5105-1172
Email: ir@vivo.com.br