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 June 2010

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  |  15 June 2010

Qualified Holding

 

Portugal Telecom, SGPS S.A. (“PT”) hereby informs that Barclays Plc now holds more than 2% of the voting rights corresponding to the share capital of PT

 

This change resulted from the acquisition, by Barclays Capital Securities Ltd, on 9 June 2010, on regulated market, of 81,661 ordinary shares of PT, representing 0.01% of PT’s share capital and corresponding voting rights.

 

As a result of this transaction, Barclays Plc holds a total of 17,957,827 ordinary shares representing 2.003% of PT’s share capital and corresponding voting rights.

 

PT was further informed that Barclays Capital Securities Ltd holds a financial instrument by way of a forward contract with an expiration date of 18 August 2010, corresponding to 10,100,000 PT ordinary shares, representing 1.13% of the voting rights and two call options with expiration dates of 7 and 9 July 2010, corresponding to, respectively, 13,401 PT ordinary shares representing 0.001% of the voting rights and 21,745 PT ordinary shares representing 0.002% of the voting rights.

 

Additionally, PT was informed that such holding is attributed to Barclays Plc through the following entities:

 

·             Barclays Bank Plc: 492,993 ordinary shares representing 0.05% of the share capital and voting rights in PT;

·             Barclays Bank SA: 104,855 ordinary shares representing 0.01% of the share capital and voting rights in PT;

·             Barclays Capital Inc: 111,320 ordinary shares representing 0.01% of the share capital and voting rights in PT;

·             Barclays Capital Luxembourg SaRL: 250,000 ordinary shares representing 0.03% of the share capital and voting rights in PT;

·             Barclays Capital Securities Ltd: 16,686,149 ordinary shares (corresponding to 6,551,003 ordinary shares and 10,135,146 ordinary shares via financial instruments), representing 1.86% of the share capital and voting rights in PT;

·             Barclays Wealth Managers Portugal — SGFIM S.A.: 312,510 ordinary shares representing 0.04% of the share capital and voting rights in PT;

 

This statement is pursuant to the terms and for the purposes of article 17 of the Portuguese Securities Code, following a communication received on 11 June 2010, from Barclays Plc, 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

 

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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: June 15, 2010

 

 

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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