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.
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.
Yes o No x
Announcement | Lisbon | 8 May 2013
Reduction of Long Position
Portugal Telecom, SGPS S.A. (“PT”) informs that Telefónica, S.A. (“Telefónica”) has reduced its long position to less than 2% of PT’s share capital, as follows:
i) On 6 May 2013, Telefónica disposed, on regulated market, of 518,311 PT ordinary shares;
ii) On the same day, 6 May 2013, Telefónica disposed, within cash settled share option transactions, of a long economic position corresponding to 1,000,000 PT shares.
Additionally, PT was informed that, as a result of these transactions, Telefónica now holds a long economic position in PT as follows:
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Holding |
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% of share capital and |
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Shares |
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8,423,900 |
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0.94 |
% |
Financial Instruments
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No. of corresponding |
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Type |
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Maturity / Expiration Date |
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shares |
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% of share capital |
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Equity-linked swap |
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30 August 2013 |
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2,265,654 |
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0.25 |
% |
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Cash settled share option transaction |
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22 November 2013 |
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3,000,000 |
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0.33 |
% |
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Cash settled share option transaction |
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6 December 2013 |
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1,000,000 |
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0.11 |
% |
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Cash settled share option transaction |
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16 September 2013 |
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2,000,000 |
|
0.22 |
% |
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Cash settled share option transaction |
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4 September 2013 |
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500,000 |
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0.06 |
% |
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Cash settled share option transaction |
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4 October 2013 |
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500,000 |
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0.06 |
% |
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Long position |
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% of share capital |
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(Holding+ Financial instruments) |
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17,689,554 |
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1.97 |
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This statement is pursuant to the terms and for the purposes of article 2-A of the Portuguese Securities Commission Regulation no. 5/2008, following a communication received from Telefónica, with registered office at Gran Vía 28, 28013 Madrid, Spain, with a share capital of Euro 4,551,024,586.00, registered in the commercial registry office of Madrid, Tomo 12,534, Folio 21, hoja M-6164, inscription 1359, with the C.I.F. number A-28/015865.
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Portugal Telecom, SGPS, SA Avenida Fontes Pereira de Melo, 40 1069-300 Lisbon Portugal
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Public company Share capital Euro 26,895,375 Registered in the Commercial and Corporation no. 503 215 058 |
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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. |
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Nuno Vieira Investor Relations Director nuno.t.vieira@telecom.pt Tel.: +351 21 500 1701 Fax: +351 21 500 0800
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www.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: May 8, 2013
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PORTUGAL TELECOM, SGPS, S.A. |
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By: |
/s/ Nuno Vieira |
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Nuno Vieira |
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Investor Relations Director |
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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.