Galp Gas SA

Conversion of Securities

RNS Number : 4591V
Galp Gas Natural Distribuicao, S.A.
02 November 2017
 

Announcement                                                     Lisbon, November 2nd, 2017

 

 

Galp Gás Natural Distribuição, S.A.

(incorporated with limited liability under the laws of Portugal)

 

"EUR600,000,000 1.375 per cent. Notes due 19 September 2023"

Galp Gás Natural Distribuição, S.A. (the "Issuer") has issued the "EUR600,000,000 1.375 per cent. Notes due 19 September 2023" (ISIN code PTGGDAOE0001).

Law no. 15/2017, of 3 May, which is applicable to the Issuer, prevents the issue of bearer securities and creates an interim period until 4 November 2017 during which existing bearer securities shall be mandatorily converted into nominative securities, by means of the passing of a resolution by the board of directors of the relevant issuer and the consequent implementation of certain operational procedures.

Taking into account that the "EUR600,000,000 1.375 per cent. Notes due 19 September 2023" are ao portador (in which case Interbolsa - Sociedade Gestora de Sistemas de Liquidação de Sistemas Centralizados de Valores Mobiliários, S.A., the Portuguese central securities depositary, cannot inform the Issuer of the identity of the noteholders), the board of directors of the Issuer resolved on the 2nd of November 2017 to convert the "EUR600,000,000 1.375 per cent. Notes due 19 September 2023" from ao portador to nominativas (in which case Interbolsa - Sociedade Gestora de Sistemas de Liquidação de Sistemas Centralizados de Valores Mobiliários, S.A., the Portuguese central securities depositary, can inform the Issuer of the identity of the noteholders), term 24 (Form of Notes) of the corresponding Final Terms being mandatorily deemed amended accordingly:

"EUR600,000,000 1.375 per cent. Notes due 19 September 2023"

 "24. Form of Notes:               Dematerialised book-entry form (forma escritural) held through Interbolsa

Ao portador"

is replaced by

"24. Form of Notes:                Dematerialised book-entry form (forma escritural) held through Interbolsa

Nominativas"

The conversion will be implemented on 4 November 2017 by Interbolsa - Sociedade Gestora de Sistemas de Liquidação e de Sistemas Centralizados de Valores Mobiliários, S.A., as operator of the Portuguese central securities clearing system (Central de Valores Mobiliários).

 

Galp Gás Natural Distribuição, S.A. | Head Office: Rua Tomás da Fonseca Torre C, 1600-209 Lisboa

Share Capital: 89,529,141 Euros | MCRC/NIPC: 509148247

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