14 Jan 13 18:59
Qualified holding and long position - Barclays Bank
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Portugal Telecom, SGPS S.A. ("PT") informs that it was notified by Barclays Plc that this entity no longer holds a qualified holding in PT, although it has maintained a long position corresponding to more than 2% of PT's share capital and voting rights.
This was the result of Barclays Capital Securities Ltd's disposal, on 4 January 2013, of 3,320,000 PT shares representing 0.39% of PT' share capital and voting rights and the subsequent purchase, on the same date, of a cash settled swap over the same number of PT shares. This contract is held by the same Barclays Capital Securities Ltd.
As a result of such transactions, Barclays Plc's holding pursuant to articles 16 and 20 of the Portuguese Securities Code now corresponds to 16,402,365 ordinary shares representing 1.83% of PT's share capital and corresponding voting rights.
Nonetheless, Barclays Plc's long position in PT remained above the 2% threshold of reportable interests as was previously disclosed.
It was further communicated that Barclays Capital Securities Ltd currently holds the following financial instruments:
Type of Financial Instrument | Nr. of shares underlying | Expiry date | % of share capital and voting rights |
Equity Portfolio Swap (cash settled) | 34,596 | 24 October 2013 | 0.004% |
Equity Portfolio Swap (cash settled) | 45,048 | 6 September 2013 | 0.01% |
Equity Portfolio Swap (cash settled) | 108,699 | 9 May 2013 | 0.01% |
Cash Settled Swap | 3,500,000 | 6 January 2013 | 0.39% |
Cash Settled Swap | 250,000 | 12 November 2013 | 0.03% |
Future Contract Cash Settled) | 285,100 | 15 March 2013 | 0.03% |
Contracts for Difference | 1,801,410 | n.a. | 0.20% |
Finally, PT was informed that Barclays Plc currently holds a long position corresponding to 22,427,218 ordinary shares representing 2.50% of PT's share capital and corresponding voting rights, as follows:
- Barclays Wealth Managers Portugal - SGFIM S.A.: 60,853 ordinary shares held, representing 0.01% of the share capital and voting rights in PT;
- Barclays Bank PLC - France: 944 ordinary shares held, representing 0.0001% of the share capital and voting rights in PT;
- Barclays Bank PLC: 291,587 PT ordinary shares held, representing 0.03% of the share capital and voting rights in PT;
- Barclays Capital Securities Ltd: 15,447,202 ordinary shares held, representing 1.72% of the share capital and voting rights in PT, and 6,024,853 ordinary shares via cash settled financial instruments, representing 0.67% of the share capital and voting rights in PT;
- Palomino Ltd: 601,779 ordinary shares held, representing 0.07% of the share capital and voting rights in PT.
This statement is pursuant to the terms and for the purposes of articles 17 of the Portuguese Securities Code and 2 and 2-A of the Portuguese Securities Commission Regulation no. 5/2008, following a communication received from Barclays Plc, a company incorporated under the laws of the United Kingdom, with head office at 1 Churchill Place, London E14 5HP, United Kingdom.
Contacts:
Nuno Vieira
Investor Relations Director
nuno.t.vieira@telecom.pt
Tel.: +351 21 500 1701
Fax: +351 21 500 0800
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