Galp Energia SGPS S A : Qualifying holding of Massachusetts Financial Services Company
August 03, 2021 at 01:33 pm EDT
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In accordance with articles 16 and 17 of the Portuguese Securities Code, Galp hereby discloses the following information:
On 03 August 2021, Massachusetts Financial Services Company notified the Company that, on 30 July 2021, it increased its holdings in Galp's voting rights from 4.97% to 5.00%, above the 5.0% threshold.
The full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held are disclosed in the attachment.
Number of
voting rights attached to shares
% of
voting rights attached to shares
Held directly
Held indirectly
Held directly
Held indirectly
Massachusetts Financial Services Company
29,684,237
11,693,578
Common Stock shares
106,002
Depository Receipt converted to the Common Stock shares
3.58%
1.42%
Total
41,483,817
5.00%
PDF 156 KBQualifying holding of Massachusetts Financial Services Company
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Galp Energia SGPS SA published this content on 03 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 17:32:01 UTC.
Galp Energia, SGPS, S.A. is a leading European oil and gas group. The group also produces electrical power. Net sales break down by activity as follows:
- distribution of oil, natural gas and electricity (45.9%): 19 TWh of natural gas sold in 2022;
- refining and distribution (37.6%): 6.5 million tons of oil products sold. At the end of 2022, the group operated 1,475 service stations in Portugal, Spain and Africa;
- exploration and production of crude oil (15.1%). At the end of 2022, the group's portfolio consisted 28 blocks in Brazil, 11 blocks in Angola, 3 blocks in Sao Tome and Principe, 2 blocks in Namibia, 2 blocks in Mozambique, and 1 block in East Timor;
- other (1.4%).
Net sales are distributed geographically as follows: Europe (82.4%), Latin America (14.8%) and Africa (2.8%).