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 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

 

 

 

 

Announcement  |  Lisbon  |  6 December 2011

 

Long Position

 

Portugal Telecom, SGPS S.A. (“PT”) informs that it was notified by Barclays Plc of an expiry, on 30 November 2011, of a forward contract on 7,210,000 PT shares, which was held by Barclays Capital Securities Ltd, and an acquisition, by the same Barclays Capital Securities Ltd, on the same date, of a 7,210,000 PT shares. Barclays Plc’s 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
Physically settled forward		1,900,000		5 December 2011		0.21	%
Physically settled forward		3,850,000		6 December 2011		0.43	%
Physically settled forward		2,955,000		31 January 2012		0.33	%
Physically settled forward		2,356,000		24 February 2012		0.26	%
Portfolio Swap (cash settled)		84,528		9 April 2012		0.01	%
Portfolio Swap (cash settled)		1,200		8 May 2012		0.0001	%
Portfolio Swap (cash settled)		4,637		6 August 2012		0.0005	%
Portfolio Swap (cash settled)		143,300		24 September 2012		0.02	%
Portfolio Swap (cash settled)		233,844		25 October 2012		0.03	%
Contract for Difference		65,347		n/a		0.01	%

 

Finally, PT was informed that Barclays Plc now holds a long position corresponding to 23,803,105 ordinary shares representing 2.66% 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 Securities Ltd: 23,312,999 ordinary shares (corresponding to 11,719,143 ordinary shares held, 11,061,000 ordinary shares via physically settled financial instruments and 532,856 ordinary shares via cash settled financial instruments), representing 2.60% of the share capital and voting rights in PT;

·                  Barclays Wealth Managers Portugal — SGFIM S.A.: 107,330 ordinary shares held, representing 0.01% of the share capital and voting rights in PT;

·                  Palomino: 381,832 ordinary shares held, representing 0.04% of the share capital and voting rights in PT.

 

This statement is pursuant to the terms and for the purposes of articles 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.

 

 

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: December 6, 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.

 

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