Last update: 30 January 2012
(1) Following the merger by incorporation of the whole assets of CAPITALPOR in the incorporating entity and sole shareholder PARPÚBLICA and followed by the extinction of the aforementioned company, the shares representing 46% of the share capital of REN directly held by the extinguished company became directly held by PARPÚBLICA as from the date of the merger registration, 26 December 2011.
(2) On 03/Jun/2011, it was disclosed to the market that EGF and Millennium bcp agreed on a right of title transfer (rehypothecation right), pursuant to articles 9 and 10 of Decree-Law no. 105/2004, of May 8, in relation to 28,131,422 nominative, book-entry shares representing 5.27% of REN’s share capital.
However, according to said agreement, the voting rights attached to the shares shall continue to be attributed to EGF, under the terms of item e) of number 1 of article 20 of the Securities Code and LGCF shall keep its right to receive dividends. Therefore, the exercise of the a right of title transfer (rehypothecation) right by Millennium bcp will not affect the current qualified shareholding position of LGCF in REN, which amounts to 8.41% of REN’s share capital and voting rights.
The participation attributable to Morgan Stanley concerns, besides a percentage of shares held directly (0.79% of REN’s share capital), to financial instruments related with REN’s shares (corresponding to around 3.18% of REN’s share capital) which were executed by Morgan Stanley to hedge to a short position in financial instruments over shares in REN with Banco Comercial Português, S.A., following the transactions disclosed on June 3, 2011. The shares and therefore the voting rights should be delivered to BCP if the same or Morgan Stanley cause the termination of the relevant financial instruments.
(3) The voting rights attributable to the Portuguese State, considering Parpública’s and CGD’s shareholdings, represent overall, 51.1% of the voting rights inherent to REN’s share capital.