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Sonae SGPS — Regulatory Filings 2020
Oct 20, 2020
1901_iss_2020-10-20_ff4e256e-9a0e-4202-961f-1302a374beac.pdf
Regulatory Filings
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Maia, 20th October 2020
(Translation from the Portuguese original)
CASH SETTLED EQUITY SWAP TERM EXTENSION
SONAE hereby informs that the derivative financial instrument – Cash Settled Equity Swap – originally entered into on 15th November 2007, and successively extended on 19th October 2010, 20th November 2013, 20th November 2014, 20th November 2015, 21st November 2016, 21st November 2017, 20 th November 2018 and 20th November 2019, over currently a total of 89,763,692 SONAE shares, corresponding to 4.49% of its share capital, between its wholly-owned subsidiary, Sonae Investments, B.V. and Banco BPI, S.A., has been automatically extended for an additional 12 (twelve) month period, up until November 2021.
The nature of the settlement mechanism of this derivative instrument continues to remain exclusively financial, as SONAE and its subsidiaries do not hold any purchase obligation or right over the underlying equity asset.
The Representative for Market Relations,
Head Office Lugar do Espido, Via Norte, Maia Share Capital: €2.000.000.000,00 Maia Commercial Registry and Fiscal Number 500 273 170 Sociedade Aberta
For further information, please contact the Investor Relations Department at Sonae:
PATRÍCIA VIEIRA PINTO Head of Investor Relations / Sonae T. +351 220 104 724 // E. [email protected]