Capital Group decreases its ownership interest in the share capital of EDP
Capital Group notified EDP that, it had decreased its qualifying shareholding to 548,071,919 ordinary shares of EDP, which correspond to 14.989% of EDP's share capital and 14.989% of the respective voting rights.
Pursuant to the terms and for the purposes of article 244 of the Portuguese Securities code and of the CMVM Regulation 5/2008, EDP - Energias de Portugal, S.A. ("EDP") is providing the following information to the market:
On August 13th, 2016, Capital Group notified EDP that, in accordance with article 20 of the Portuguese Securities Code, it had decreased its qualifying shareholding to 548,071,919 ordinary shares of EDP, which correspond to 14.989% of EDP's share capital and 14.989% of the respective voting rights. Capital Group crossed the 15% threshold of shareholding in EDP on August 11th 2016. The previous known qualifying shareholding of Capital Group in EDP's share capital stood at 15.54%.
Capital Group also informed that the chain of entities, whose shareholding exceeds the 2% threshold, relevant for the calculation of the significant shareholding in accordance with number 1 of article 20 of the Portuguese Securities Code is the following:
Entity | Nº of Shares | % of Capital | % of Vote |
Capital Research and Management Company, of which: | 538,628,468 | 14.731% | 14.731% |
Capital Income Builder | 251,180,889 | 6.869% | 6.869% |
Capital World Gr. and Inc. Fund | 153,827,964 | 4.207% | 4.207% |
The Income Fund of America | 91,826,149 | 2.551% | 2.551% |
The Capital Group Companies, Inc. ("CGC") is the parent company of Capital Research and Management Company ("CRMC"). CRMC is a U.S.-based investment management company that manages the American Funds family of mutual funds. CRMC manages equity assets for various investment companies through three divisions, Capital Research Global Investors, Capital International Investors and Capital World Investors. CRMC in turn is the parent company of Capital Group International, Inc. ("CGII"), which in turn is the parent company of five investment management companies ("CGII management companies"): Capital Guardian Trust Company, Capital International, Inc., Capital International Limited, Capital International Sàrl and Capital International K.K. The CGII management companies primarily serve as investment managers to institutional clients. Neither CGC nor any of its affiliates own shares of the issuer for its own accounts. Rather, the shares reported are owned by funds and accounts under the discretionary investment management of one or more of the investment management companies described above.
EDP – Energias de Portugal. S.A.
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