Management Report and Financial Accounts
Legal Information:
- Portugal Ventures’ share capital, fully subscribed and paid up, is of EUR 40,412,650.00 (forty million four hundred and twelve thousand six hundred and fifty euros), represented by 8,082,530 (eight million and eighty-two thousand five hundred and thirty) shares, each with a par value of EUR 5.00 (five euros).
- It is registered at the Porto Companies Registration Office under a unique corporate registration and taxpayer number 502206128.
- Portugal Ventures today is part of the public business sector and leads public venture capital investment, operating under the same terms and conditions that apply to private companies and subject to the general Portuguese and Community competition rules.
- As a venture capital firm, Portugal Ventures and the venture capital funds it manages are under the supervision of the Portuguese Securities Market Commission (CMVM).
- For Portugal Ventures, governance means complying with and applying the Principles of Good Governance of the Public Business Sector, established under Decree-Law No 133/2013 of 3 October. All public information about Portugal Ventures is available here.
- The remuneration paid by Portugal Ventures to the members of its governing bodies is indicated in the Annual Management Report and in the Corporate Governance Report, available here.
- Public Service Obligations: Portugal Ventures has not entered into any contracts with public authorities for the provision of public services or those of general interest.
- Financing model and State aid received: Portugal Ventures has not received any State aid.
- Provision of financial guarantees or assumption of debts or liabilities of other entities, even in cases where it takes over a group organisation: Portugal Ventures has not provided financial guarantees or assumed debts or liabilities of other entities.
- Acquisition and disposal of shareholdings: In the last three years, no shares have been acquired or sold by Portugal Ventures.
- Participation in associative entities: Startup Portugal; Invest Europe, NEST Association – Tourism Innovation Centre, APIES – Assoc. Port. Inv. ES – Investors Portugal, Principles for Responsible Investment Association.
- Degree of implementation of the Objectives set – Portugal Ventures provides the information in its 2024 Annual Report. The information can be consulted here.
