UBS Now Holds Less than 5% of Portugal Telecom (PT) Voting Rights
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Portugal Telecom, SGPS S.A. (NYSE: PT) informs that UBS AG (NYSE: UBS) now holds less than 5% of the voting rights corresponding to the share capital of PT.
Such new holding resulted from the disposal, by UBS AG, Zurich and Basel, through an OTC transaction, of 5,842,479 PT ordinary shares, made on 19 October 2011. As a result of such transaction, UBS AG now holds a qualified holding corresponding to a total of 42,406,924 ordinary shares representing 4.73% of PT’s share capital and corresponding voting rights.
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Such new holding resulted from the disposal, by UBS AG, Zurich and Basel, through an OTC transaction, of 5,842,479 PT ordinary shares, made on 19 October 2011. As a result of such transaction, UBS AG now holds a qualified holding corresponding to a total of 42,406,924 ordinary shares representing 4.73% of PT’s share capital and corresponding voting rights.
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