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 July 2014

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  |  11 July 2014

Qualified Holding

 

Portugal Telecom, SGPS, S.A. (“PT”) hereby informs that UBS AG now holds more than 5% of the share capital of PT.

 

On 3 July 2014, UBS AG, Zurich and Basel acquired a total of 2,869,608 PT ordinary shares, over the counter. As a result of such transaction, UBS AG holds a qualified holding corresponding to a total of 44,980,367 PT ordinary shares representing 5.02% of PT’s share capital and corresponding voting rights as follows:

 

·                  28,064,657 shares representing 3.13% of the share capital and voting rights in PT are held by UBS AG;

·                  9,526,583 shares representing 1.06% of the share capital and voting rights in PT are held in the name of UBS AG on behalf of several of its clients;

·                  7,389,128 shares representing 0.82% of the share capital and voting rights in PT are held by the following subsidiaries of UBS AG:

 

·                  CCR Asset Management: 125,840 PT shares;

·                  UBS Bank (Canada): 1,465 PT shares;

·                  UBS Financial Services Inc.: 138,109 PT shares;

·                  UBS Fund Management (Switzerland) AG: 251,627 PT shares;

·                  UBS Fund Services (Luxembourg) SA: 6,308,946 PT shares;

·                  UBS Global Asset Management (Australia) Ltd: 12,538 PT shares;

·                  UBS Global Asset Management (Japan) Ltd: 304,033 PT shares;

·                  UBS Global Asset Management (Singapore) Ltd: 27,438 PT shares;

·                  UBS Global Asset Management (UK) Ltd: 39,799 PT shares;

·                  UBS Global Asset Management Life Ltd: 179,333 PT shares.

 

This statement is pursuant to the terms and for the purposes of articles 17 of the Portuguese Securities Code and 2 of the Portuguese Securities Commission Regulation no. 5/2008, following a communication received by fax from UBS AG, Postfach 8098 Zurich, Switzerland.

 

 

www.telecom.pt

 

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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: July 11, 2014

 

	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.

 

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