Management transaction related to China Three Gorges disposal of shares on 26-Feb-2020
Management transaction related to China Three Gorges disposal of shares on 26-Feb-2020
Lisbon, March 5th, 2020:Pursuant to the terms and for the purposes of article 19 of Regulation (EU) no. 596/2014 of the European Parliament and of the Council and of article 248-B of the Portuguese Securities Code, EDP - Energias de Portugal SA (“EDP”) informs the market that on the 3rd of March, 2020 the member of the General and Supervisory Board China Three Gorges (Europe) S.A. provided the following information to EDP:
“China Three Gorges (Europe) S.A., a company incorporated under the laws of the Grand Duchy of Luxembourg, with registered office at 10B, rue des Mérovingiens, L-8070 Bertrange, Luxembourg (“CTG Europe”), as member of the General and Supervisory Board of EDP, hereby notifies the sale of 65,820,000 shares representing approximately 1.8000635% of EDP’s share capital (“Shares”).
The disposal of the Shares results from an off-market transaction on 2020/02/26, only subject to the applicable physical and financial settlement mechanisms, with the sale unit price of the Shares closed at €4.45 per share.
Given that, before the transaction, CTG Europe held 850,777,024 shares representing 23.27% of EDP’s share capital, after said transaction it became holder of 784,957,024 shares representing 21.47% of EDP’s share capital.
As CTG Europe is a subsidiary fully held by China Three Gorges Corporation (“CTG”), a state-owned company from the People’s Republic of China, all voting rights inherent to said 784,957,024 shares, are attributable to CTG.
Please find enclosed in Annex the form for notification and public disclosure of transactions on the shares of EDP – Energias de Portugal, S.A., prepared in conformance with the Implementing Regulation (EU) no. 2016/523, of the Commission, of 10 March 2016, laying down implementing technical standards with regard to the format and template for notification and public disclosure of managers’ transactions, in accordance with Regulation (EU) No. 596/2014 of the European Parliament and of the Council.”
EDP – Energias de Portugal, S.A.