BES decreases its ownership interest in the share capital of EDP
As a result of this transaction, BES currently holds 36,540,455 shares, representing 1.00% of EDP share capital and 1.00% of its voting rights.
Pursuant to the terms and for the purposes of article 16 and 20 of the Portuguese Securities Code and article 12 of the Portuguese Securities Commission Regulation no. 5/2008, EDP - Energias de Portugal SA ("EDP") has provided the following information to the market:
On December 5, 2013, Banco Espírito Santo S.A. ("BES") notified EDP regarding the decrease of a qualifying holding of 2.01% to 1.00% of the EDP share capital. The change of the participation was due to an off-market transaction performed by Avistar, as a result of the disposal of 37,000,000 shares (1.01% of EDP's share capital) at an average price of €2,697 on December 2, 2013.
As a result of this transaction, BES currently holds 36,540,455 shares, representing 1.00% of EDP share capital and 1.00% of its voting rights.
The communication of the transaction is also made under and for the purposes of article 248-B of the Portuguese Securities Code and article 14 of the Portuguese Securities Commission Regulation no. 5/2008, due to a person discharging managerial responsibilities of BES is also a person discharging managerial responsibilities of EDP.
EDP – Energias de Portugal, S.A.
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