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 December 2008
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 19 December 2008, Lisbon
Management transactions
Portugal Telecom, SGPS, S.A. (“PT”) was notified by Telefónica, S.A. (“Telefónica”), pursuant to the terms of article 248-B of the Portuguese Securities Code and of article 15 of CMVM Regulation no. 5/2008, of the following transactions on PT shares:
|
Nature/Financial instrument |
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Date |
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Location |
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Price (€) |
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Volume |
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Disposal of shares |
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17.12.2008 |
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Euronext Lisbon |
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6.28 /share |
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4,264,394 |
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Equity swap (with cash settlement) executed with Banco Bilbao Vizcaya Argentaria, S.A. |
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17.12.2008 |
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OTC |
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Not applicable |
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22,822,575 |
|
Telefónica further informed that, after such transactions, it now holds (i) directly, 76,327,500 shares representing 8.51% of PT’s share capital and (ii) indirectly, 13,323,750 shares representing 1.49% of PT’s share capital, as follows:
|
Shareholders |
|
No. of shares |
|
% of share capital |
|
|
Telefónica |
|
76,327,500 |
|
8.51 |
% |
|
Telesp, S.A. |
|
7,994,250 |
|
0.89 |
% |
|
Aliança Atlântica Holding B.V. |
|
5,329,500 |
|
0.60 |
% |
|
Telefónica (total holding) |
|
89,651,250 |
|
10.00 |
% |
Finally, Telefónica informed that it is a person closely related to the management of PT as two of its directors are also directors of PT, and therefore it has the obligation to notify PT of such transactions pursuant to paragraph 4, b) of article 248-B of the Portuguese Securities Code.
This statement follows a communication received from Telefónica, a company incorporated under the laws of Spain, with registered office in Madrid, registered in the Commercial Registry Office of Madrid, with the tax number A-28015865 and share capital of Euro 4,704,996,485.00.
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Portugal Telecom, SGPS, SA |
Public company |
Portugal Telecom is listed on the |
Nuno Vieira |
1/1
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: December 22, 2008
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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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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.