Galp Energia SGPS S A : Qualifying holding of T. Rowe Price International Funds Inc. (subsidiary of T. Rowe Price Group Inc.)
January 11, 2022 at 02:08 pm EST
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In accordance with articles 16 and 17 of the Portuguese Securities Code, Galp hereby discloses the following information:
On 10 January 2022, T. Rowe Price International Funds Inc. notified the Company that, on 6 January 2022, it decreased its indirect holdings in Galp's voting rights from 2.00% to 1.99%, below the 2.0% threshold. This change did not impact the qualifying holding of T. Rowe Price Group Inc., its parent company, which maintains holdings 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
% of voting rights
Held directly
Held indirectly
Held directly
Held indirectly
ISIN: PTGAL0AM0009 (Ordinary shares)
--
16,567,802
--
1.99%
Total
16,566,802
1.99%
PDF 620 KBQualifying holding of T. Rowe Price International Funds Inc. (subsidiary of T. Rowe Price Group Inc.)
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Galp Energia SGPS SA published this content on 11 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2022 19:07:04 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%).