On 18 August 2017, Standard Life Aberdeen plc notified Galp that, as a result of the completion of the court-sanctioned scheme of arrangement and all-share merger under Part 26 of the Companies Act 2006 of Aberdeen Asset Management PLC and Standard Life plc, which became effective on 14 August 2017, the new combined group’s holding in Galp’s share capital and voting rights is of 2.43%, of which 2.39% held indirectly through shares and 0.04% held through financial instruments.
The shares detailed are managed by the named discretionary investment management entity within multiple portfolios on behalf of underlying clients, based on investment management agreements whereby the client has delegated the exercise of the voting power to the referenced investment manager. The voting rights delegated rest with these entities and do not flow further up in the chain of controlled undertaking to those parent entities within the revised corporate structure.
Standard Life Investments Limited, one of the underlying investment management entities, manages 2.15% of voting rights, above the 2% threshold.
Source: Galp Energia, SGPS, S.A.