SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of May 2013
Commission File Number 1-13758
PORTUGAL TELECOM, SGPS, S.A.
(Exact name of registrant as specified in its charter)
Av. Fontes Pereira de Melo, 40
1069 - 300 Lisboa, Portugal
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
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Form 20-F x |
Form 40-F o |
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
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Yes o |
No x |
Announcement | Lisbon | 31 May 2013
Qualified holding and Long Position
Portugal Telecom, SGPS S.A. (“PT”) informs that it was notified by Barclays Plc of the following concerning a qualified holding and a long position in PT:
1. Qualified holding and Long Position (22 May 2013)
Barclays Plc no longer held a qualified holding in PT, although it had maintained a long position corresponding to more than 2% of PT’s share capital and voting rights.
This change resulted from the return of collateral on 22 May 2013 concerning 915,711 PT shares, which were held by Barclays Capital Securities Ltd.
As a result of such transaction, Barclays Plc’s holding pursuant to articles 16 and 20 of the Portuguese Securities Code corresponded to 17,057,213 ordinary shares representing 1.90% of PT’s share capital and corresponding voting rights.
Nonetheless, Barclays Plc’s overall long position on PT remained above the 2% threshold of reportable interests as was previously disclosed.
It was further communicated that Barclays Capital Securities Ltd held the following financial instruments:
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Financial Instrument |
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Nr. of shares |
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Expiry date |
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% of share capital |
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Equity Portfolio Swap |
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175,525 |
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12 July 2013 |
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0.02 |
% |
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Future Contract (Cash Settled) |
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4,536,300 |
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21 June 2013 |
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0.51 |
% |
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Contract for Difference |
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737,099 |
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n.a. |
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0.08 |
% |
Finally, PT was informed that Barclays Plc held a long position corresponding to 22,506,137 ordinary shares representing 2.51% of PT’s share capital and corresponding voting rights as follows:
· Barclays Wealth Managers Portugal — SGFIM S.A.: 95,603 ordinary shares held, representing 0.01% of the share capital and voting rights in PT;
· Barclays Bank Plc: 74,251 ordinary shares held, representing 0.01% of the share capital and voting rights in PT;
· Barclays Capital Inc: 1,385,000 ordinary shares held, representing 0.15% of the share capital and voting rights in PT;
· Barclays Capital Securities Ltd: 14,791,095 ordinary shares held, representing 1.65% of the share capital and voting rights in PT, and 5,448,924 ordinary shares via financial instruments, representing 0.61% of the share capital and voting rights in PT;
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Portugal Telecom, SGPS, SA Avenida Fontes Pereira de Melo, 40 1069-300 Lisbon Portugal |
Public company Share capital Euro 26,895,375 Registered in the Commercial and Corporation no. 503 215 058 |
Portugal Telecom is listed on the Euronext and New York Stock Exchange. Information may be accessed on the Reuters under the symbols PTC.LS and PT and on Bloomberg under the symbol PTC PL. |
Nuno Vieira Investor Relations Director nuno.t.vieira@telecom.pt Tel.: +351 21 500 1701 Fax: +351 21 500 0800 |
www.telecom.pt
· Palomino Ltd: 711,264 ordinary shares held, representing 0.08% of the share capital and voting rights in PT.
2. Qualified holding and Long Position (23 May 2013)
Barclays Plc now holds a qualified holding in PT corresponding to more than 2% of PT’s share capital and voting rights.
This change resulted from the purchase, on 23 May 2013, made OTC, by Barclays Capital Securities Ltd, of 4,000,000 PT shares.
It was further communicated that Barclays Capital Securities Ltd currently holds the following financial instruments:
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Financial Instrument |
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Nr. of shares |
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Expiry date |
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% of share capital |
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Equity Portfolio Swap |
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179,481 |
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12 July 2013 |
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0.02 |
% |
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Future Contract (Cash Settled) |
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536,300 |
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21 June 2013 |
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0.06 |
% |
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Contract for Difference |
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672,280 |
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n.a. |
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0.07 |
% |
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Equity Portfolio Swap |
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2,960 |
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25 November 2013 |
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0.00 |
% |
Finally, PT was informed that Barclays Plc currently holds a long position corresponding to 21,766,890 ordinary shares representing 2.43% of PT’s share capital and corresponding voting rights and a qualified holding corresponding to 20,375,869 ordinary shares representing 2.27% of PT’s share capital and corresponding voting rights, as follows:
· Barclays Wealth Managers Portugal — SGFIM S.A.: 95,603 ordinary shares held, representing 0.01% of the share capital and voting rights in PT;
· Barclays Bank Plc: 73,311 ordinary shares held, representing 0.01% of the share capital and voting rights in PT;
· Barclays Capital Inc: 571,900 ordinary shares held, representing 0.06% of the share capital and voting rights in PT;
· Barclays Capital Securities Ltd: 18,914,499 ordinary shares held, representing 2.11% of the share capital and voting rights in PT, and 1,391,021 ordinary shares via financial instruments, representing 0.16% of the share capital and voting rights in PT;
· Palomino Ltd: 720,556 ordinary shares held, representing 0.08% 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 communications received from Barclays Plc, a company incorporated under the laws of the United Kingdom, with registered office at 1 Churchill Place, London E14 5HP, United Kingdom.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: May 31, 2013
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PORTUGAL TELECOM, SGPS, S.A. | |
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By: |
/s/ Nuno Vieira |
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Nuno Vieira Investor Relations Director |
FORWARD-LOOKING STATEMENTS
This document may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.