Management Transaction
Pursuant to the terms 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, EDP - Energias de Portugal SA ("EDP") is providing the following information to the market:
Banco Espírito Santo, SA ("BES"), entered into the following contracts on financial instruments relating to EDP shares:
Entity | Intrument | Option Type | Purchase / Sale | Date | Maturity Date | Strike Price (€) | Quantity |
AVISTAR, SGPS, SA. | Equity Swap | 18-01-2013 | 18-07-2013 | 2.41 | 28,000,000 | ||
AVISTAR, SGPS, SA. | Equity OTC Options | Call | Purchase | 18-01-2013 | 15-03-2013 | 2.45 | 5,000,000 |
The reporting of such transaction is made since a person discharging managerial responsibilities of BES is also a person discharging managerial responsibilities of EDP.
EDP – Energias de Portugal, S.A.