Galp Energia : Qualifying holding of Black Creek Investment Management Inc.
August 16, 2017 at 01:22 pm
Share
In accordance with articles 16 and 17 of the Portuguese Securities Code, Galp hereby discloses the following information:
On 14 August 2017, Black Creek Investment Management Inc. (Black Creek) notified Galp that, on 11 August, it decreased its holding in Galp's share capital and voting rights from 2.00% to 1.99%.
Black Creek is an investment management company. The shares are beneficially owned by 20 separate funds and clients which the notifier advises regarding their investment portfolios. Shares held directly are by funds for which the notifier also acts as investment fund manager. None of the funds or clients by itself reaches or exceeds the 2% threshold. The funds and clients give a proxy to the notifier who can exercise the voting rights for the shares in its own discretion.
Number of
voting rights
% of
voting rights
Direct
300,858
0.04%
Indirect
16,203,952
1.95%
Total
16,504,810
1.99%
Galp Energia SGPS SA published this content on 15 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 August 2017 17:21:05 UTC.
Original documenthttp://www.galpenergia.com/EN/investidor/Noticias/Paginas/DisposalqualifyingholdingofBlackCreekInvestmentManagementInc.aspx
Public permalinkhttp://www.publicnow.com/view/FBFEEA95A602422CE23A1787BC543CC117D80178
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 (45.2%): 13.8 TWh of natural gas sold in 2023;
- refining and distribution (36.5%): 7.1 million tons of oil products sold. At the end of 2023, the group operated 1,463 service stations in Portugal, Spain and Africa;
- exploration and production of crude oil (16.3%). At the end of 2023, the group's portfolio consisted 13 blocks in Brazil, 3 blocks in Sao Tome and Principe, 2 blocks in Mozambique and 1 block in Namibia;
- other (2%).
Net sales are distributed geographically as follows: Europe (84%), Latin America (12.4%) and Africa (3.6%).
GALP ENERGIA, SGPS, S.A. 
