Portugal Telecom, SGPS S.A. (“PT”) informs that it was notified by Barclays Plc of a change in the composition of such entity’s qualified shareholding in PT, as described below. Nonetheless, such qualified holding remained within the same percentage threshold range of reportable interests as was previously disclosed.
As informed by Barclays Plc, the change in the composition of the qualified holding resulted from Barclays Capital Securities Ltd exercising, on 18 November 2010, a financial instrument by way of forward contract which represented 7,200,000 shares, amounting to 0.80% of the share capital and voting rights of PT.
It was further communicated that Barclays Capital Securities Ltd holds a forward contract with an expiration date of 16 December 2010, in respect of 3,879,192 PT ordinary shares, representing 0.43% of the share capital and voting rights and that the total holding attributable to Barclays Plc is of 26,373,929 ordinary shares representing 2.94% of PT’s share capital and corresponding voting rights.
Finally, PT was informed that such holding is attributed to Barclays Plc through the following entities:
- Barclays Bank Plc: 19,764 ordinary shares representing 0.002% of the share capital and voting rights in PT;
- Palomino Ltd: 60,215 ordinary shares representing 0.01% of the share capital and voting rights in PT;
- Barclays Capital Inc: 1,445,552 ordinary shares representing 0.16% of the share capital and voting rights in PT;
- Barclays Capital Securities Ltd: 24,582,888 ordinary shares (corresponding to 20,703,696 ordinary shares held and 3,879,192 ordinary shares via financial instruments), representing 2.74% of the share capital and voting rights in PT;
- Barclays Wealth Managers Portugal – SGFIM S.A.: 265,510 ordinary shares representing 0.03% of the share capital and voting rights in PT.
This statement is pursuant to the terms and for the purposes of paragraph c) of article 1 and number 2 of article 2 of the CMVM Regulation no. 5/2008, following a communication received from Barclays Plc, with head office at 1 Churchill Place, London E14 5HP, United Kingdom.