Qualified holding and long position - Morgan Stanley



[PDF43KB]

Portugal Telecom, SGPS S.A. ("PT") hereby informs that it was notified of the following regarding a qualified holding and long position of Morgan Stanley: A) 2% threshold exceeded (28 November 2013)

This change is due to Morgan Stanley & Co. International plc and Morgan Stanley & Co. LLC increasing borrowed positions by 1,862,874 and 1,062,348 PT ordinary shares respectively, on 28 November 2013. As a result, Morgan Stanley now holds a qualified holding and long position corresponding to 2.02% of PT's share capital and corresponding voting rights.  Additionally, PT was informed that this holding is as follows:

Holdings in PT ordinary shares:

  • Morgan Stanley & Co. International plc: 7,279,921 ordinary shares representing 0.81% of the share capital and voting rights in PT ;

  • Morgan Stanley & Co. LLC: 9,297,814 ordinary shares representing 1.04% of the share capital and voting rights in PT;

  • Morgan Stanley Capital Services LLC: 784 ordinary shares representing 0.0001% of the share capital and voting rights in PT;

  • Morgan Stanley Smith Barney LLC: 151,122 ordinary shares representing 0.02% of the share capital and voting rights in PT;

  • MS Equity Financing Services (Luxembourg) S.a.r.l.: 499,977 ordinary shares representing 0.06% of the share capital and voting rights in PT.

Holdings in financial instruments:

  • Morgan Stanley & Co. International plc: 875,225 ordinary shares via financial instruments, representing 0.10% of the share capital and voting rights in PT.

B) Position fell below 2% threshold (29 November 2013)

This change is due to Morgan Stanley & Co. International plc and Morgan Stanley & Co. LLC decreasing borrowed positions by 592,280 and 3,280,584 PT ordinary shares respectively, on 29 November 2013. As a result, Morgan Stanley now holds a position corresponding to 1.62% of PT's share capital and corresponding voting rights.
Additionally, PT was informed that this position is as follows:

Holdings in PT ordinary shares:

  • Morgan Stanley & Co. International plc: 6,746,096 ordinary shares representing 0.75% of the share capital and voting rights in PT ;

  • Morgan Stanley & Co. LLC: 6,115,308 ordinary shares representing 0.68% of the share capital and voting rights in PT;

  • Morgan Stanley Capital Services LLC: 784 ordinary shares representing 0.0001% of the share capital and voting rights in PT;

  • Morgan Stanley Smith Barney LLC: 151,122 ordinary shares representing 0.02% of the share capital and voting rights in PT;

  • MS Equity Financing Services (Luxembourg) S.a.r.l.: 500,007 ordinary shares representing 0.06% of the share capital and voting rights in PT.

Holdings in financial instruments:

  • Morgan Stanley & Co. International plc: 1,015,083 ordinary shares via financial instruments, representing 0.11% of the share capital and voting rights in PT.

PT was further informed that the parent company Morgan Stanley controls Morgan Stanley & Co. International plc, Morgan Stanley & Co. LLC, Morgan Stanley Capital Services LLC, MS Equity Financing Services (Luxembourg) S.a.r.l. and Morgan Stanley Smith Barney LLC, through the following chains of companies:

  • Morgan Stanley & Co. International plc: Morgan Stanley International Holding Inc., Morgan Stanley International Limited, Morgan Stanley Group (Europe) and Morgan Stanley UK Group;

  • Morgan Stanley & Co. LLC: Morgan Stanley Capital Management LLC and Morgan Stanley Domestic Holdings Inc;

  • Morgan Stanley Capital Services LLC: Morgan Stanley Capital Management LLC and Morgan Stanley Domestic Holdings Inc;

  • MS Equity Financing Services (Luxembourg) S.a.r.l.:  Morgan Stanley International Holdings Inc.

  • Morgan Stanley Smith Barney LLC: Morgan Stanley Capital Management LLC, Morgan Stanley Domestic Holdings Inc, Morgan Stanley & Co. LLC, MS Alpha Holdings LLC, Morgan Stanley JV Holdings LLC and Morgan Stanley Smith Barney Holdings LLC.

This statement is pursuant to the terms and for the purposes of articles 17 of the Portuguese Securities Code and 2 and 2-A of the Portuguese Securities Commission Regulation no. 5/2008, following a communication received from Morgan Stanley & Co. International plc, with registered office at 25 Cabot Square, Canary Wharf, London E14 4QA, United Kingdom.

Contacts:Nuno Vieira, Investor Relations Director
nuno.t.vieira@telecom.pt
Tel.: +351 21 500 1701
Fax: +351 21 500 0800

distributed by