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Management Transaction

Management Transaction

Monday 28, January 2013
2 min read
This article has more than 6 months

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.
 

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