9/15/2016 | Qualified participations

Amorim Energia, BV completes sale corresponding to 5% of Galp share capital through an accelerated bookbuilding

Galp informs that the following announcement was received from the shareholder Amorim Energia:

This communication does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or otherwise acquire securities of the Galp Energia, SGPS, S.A. (Galp) in any jurisdiction or an inducement to enter into investment activity in any jurisdiction.

“AMORIM ENERGIA, BV (“AEBV”) announces that it has successfully completed the sale, by private placement, of 41,462,532 ordinary shares (the "Offer") representing 5% of the share capital of GALP ENERGIA SGPS, S.A. (“GALP”), in accordance with the previous announcement issued on September 15th 2016.

The Offer’s total proceeds reached €484,696,999, corresponding to a price of €11.69 per share.

The Offer’s settlement shall occur on September 20th 2016 by delivery of the shares and payment of the consideration to AEBV. After the settlement of the Offer, AEBV will continue to hold shares corresponding to 33.34% of GALP’s share capital.

As previously announced, Société Générale Corporate & Investment Banking acted as Sole Bookrunner of the Offer.
Pursuant to the Offer, AEBV has also committed to observe a 180 days lock-up period, commencing on the settlement of the Offer, with respect to the sale of any of the remaining shares of GALP held by it at the date hereof, subject to customary exceptions and waiver by the Sole Bookrunner.

September 15th, 2016


Source: Galp Energia, SGPS, S.A.