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 March 2009

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. 

Form 20-F      X       Form 40-F          

 

 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.

 

Yes            No      X     


 


 

 

 

 

 

Announcement 26 March 2009, Lisbon

Qualified Holding

 

 

Portugal Telecom, SGPS, S.A. (“PT”) informs that Taube Hodson Stonex Partners LLP (“THS”) now holds less than 2% of the voting rights corresponding to the share capital of PT.

 

Such new holding resulted from a disposition of 6,732,930 PT ordinary shares executed on 23 March 2009.

 

As a result of the abovementioned share trade, THS now holds a total of 16,750,000 ordinary shares representing 1.87% of the voting rights corresponding to the share capital of PT, as follows:

 

Entity

 

No. of shares

 

% of capital

 

% of voting rights
(according to article 16 of the
Portuguese Securities Code)

Taube Hodson Stonex Partners LLP

 

16,750,000

 

1.87%

 

1.87%

Total

 

16,750,000

 

1.87%

 

1.87%

 

PT was also informed that THS is a discretionary fund manager and does not invest on its own behalf, but on behalf of its clients, which are institutional funds. THS controls the shares on behalf of its clients.

 

This statement is pursuant to the terms and for the purposes of article 17 of the Portuguese Securities Code, following a communication received from Taube Hodson Stonex Partners LLP.

 

 

 

 

 

Portugal Telecom, SGPS, SA

Avenida Fontes Pereira de Melo, 40

1069-300 Lisbon

Portugal

www.telecom.pt

Public company

Share capital _ Euro 26,895,375

Registered in the Commercial

Registry Office of Lisbon

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

http://ir.telecom.pt

 


 

 

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: March 26, 2009

 

 

PORTUGAL TELECOM, SGPS, S.A.

 

 

 

 

 

By:

/s/ Nuno Vieira

 

 

 

 

 

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.