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On 8 November 2017, Standard Life Aberdeen plc notified the Company that, on 6 November 2017, it reduced its indirect holding in Galp’s share capital and voting rights from 2.12% to 1.96%, corresponding to 16,274,303 voting rights, and below the 2% threshold. 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.
Source: Galp Energia, SGPS, S.A.
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