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 2011

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  |  1 April 2011

 

Qualified Holding and Short Position

 

Portugal Telecom, SGPS S.A. (“PT”) informs that it was notified by Barclays Plc (“Barclays”) of the following:

 

(a)                                  Barclays and its subsidiaries no longer hold a qualified holding in PT, as a result of the sale, on 25 March 2011, of a total of 26,895,360 PT shares;

 

(b)                                 Barclays now holds a relevant short position on 1.38% of PT’s share capital, as a result of short sales representing 1.32% of PT’s share capital, which were carried out on 25 March 2011 by the following Barclays’ subsidiaries: Barclays Capital Securities Ltd and Palomino Limited.

 

PT was further informed that such relevant short position is held as follows:

 

Entity

 

Holding Type

 

Holding

 

% of Share 
Capital

 

Palomino Limited

 

Equity

 

 

 

-148,833

 

-0.02

%

Barclays Capital Securities Ltd

 

Equity

 

 

 

254,958

 

0.03

%

 

 

Derivatives

 

 

 

 

 

 

 

 

 

Counterparty

 

Instrument Type

 

 

 

 

 

Cominvest Institutional Cash Plus

 

Synth FWD

 

4,730,000

 

0.53

%

 

 

Cominvest Institutional Cash Plus

 

Synth FWD

 

3,640,000

 

0.41

%

 

 

Portugal Telecom, SGPS S.A.

 

Swap

 

-20,640,000

 

-2.30

%

 

 

UBS OConnor LLC

 

CFD

 

-61,516

 

-0.01

%

 

 

CMC Markets UK PLC

 

CFD

 

-26,826

 

-0.003

%

 

 

SAC Capital Advisors

 

CFD

 

-51,606

 

-0.01

%

 

 

Stratus Master Limited

 

CFD

 

-118,084

 

-0.01

%

 

 

Seigneur Limited

 

CFD

 

79,203

 

0.01

%

Aggregate Total

 

 

 

 

 

-12,342,704

 

-1.38

%

 

This statement is pursuant to the terms and for the purposes of article 17 of the Portuguese Securities Code and article 5 the Portuguese Securities Commission Regulation no. 4/2010, following communications received from Barclays, with head office at 1 Churchill Place, London E14 5HP, United Kingdom.(1)

 


(1)  PT informs that the interests disclosed above were calculated with reference to 896,512,500 issued shares. Considering the number of shares required to cover the swap held by PT as described above, shares outstanding would be 875,872,500.

 

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

 

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: April 1, 2011

 

 

 

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.