Portugal Telecom informs that as part of the share buyback programme under execution, it has the right to acquire an additional 10,557,000 shares through equity swap agreements.
The total number of own shares that PT currently holds through equity swap agreements is 51,294,823 shares, of which 20,640,000 shares were contracted under the previous share buyback programme. As a result, the number of outstanding shares, adjusting for equity swaps on own shares recognised in the balance sheet, is 891,300,354.
As part of the share buyback programme under execution, a total of 216,916,146 own shares has been acquired. The total amount returned to shareholders to date, through the share buyback programme under execution since March 2007, totals Euro 1,994 million.
Contacts:
Nuno Vieira, Investor Relations Director
nuno.t.vieira@telecom.pt
Tel.: +351 21 500 1701
Fax: +351 21 500 0800