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 April 2012

 

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

 

 

 



 

GRAPHIC

 

Announcement  |  Lisbon  |  24 April 2012

 

Long Position

 

Portugal Telecom, SGPS S.A. (“PT”) informs that it was notified by Barclays Plc that, on 17 April 2012, there was a change in the composition of Barclays Plc’s long position in PT due to the expiry of a physically settled forward over 8,000,000 PT shares and consequent acquisition of 8,000,000 PT shares. The contract was held and the acquisition was made by Barclays Capital Securities Limited. Barclays Plc’s overall long position in PT remained above the 2% threshold of reportable interests as was previously disclosed.

 

It was further communicated that Barclays Capital Securities Ltd currently holds the following financial instruments:

 

Financial Instrument

 

Nr. of shares
underlying

 

Expiry date

 

% of share
capital and
voting rights

 

Contract for Difference

 

1,652,041

 

n.a.

 

0.18

%

Physically settled forward

 

7,837,000

 

27 April 2012

 

0.87

%

Physically settled forward

 

2,500,000

 

2 May 2012

 

0.28

%

Cash settled Future

 

146,000

 

30 June 2012

 

0.02

%

Portfolio Swap (cash settled)

 

21,428

 

6 August 2012

 

0.002

%

Portfolio Swap (cash settled)

 

21,389

 

24 September 2012

 

0.002

%

Portfolio Swap (cash settled)

 

192,029

 

25 March 2013

 

0.02

%

Portfolio Swap (cash settled)

 

94,399

 

9 May 2013

 

0.01

%

Total

 

12,464,286

 

 

1.39

%

 

Finally, PT was informed that Barclays Plc now holds a long position corresponding to 25,746,793 ordinary shares representing 2.87% of PT’s share capital and corresponding voting rights, as follows:

 

·                  Barclays Bank PLC - France: 944 ordinary shares held, representing 0.0001% of the share capital and voting rights in PT;

·                  Barclays Capital Inc: 1,388,400 ordinary shares held, representing 0.15% of the share capital and voting rights in PT;

·                  Barclays Capital Securities Ltd: 24,252,469 ordinary shares (corresponding to 11,788,183 ordinary shares held, 10,337,000 ordinary shares via physically settled financial instruments and 2,127,286 ordinary shares via cash settled financial instruments), representing 2.71% of the share capital and voting rights in PT;

·                  Barclays Wealth Managers Portugal — SGFIM S.A.: 104,980 ordinary shares held, representing 0.01% 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 a communication received from Barclays Plc, a company incorporated under the laws of the United Kingdom, with head office at 1 Churchill Place, London E14 5HP, United Kingdom.

 

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
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

 

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: April 24, 2012

 

 

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.