27th Feb 2007 07:11
Banco Comercial Portugues, S.A.27 February 2007 February 26 , 2007 Banco Comercial Portugues informs about Friends Provident qualified participation In accordance with article 17 nr.1 of the Portuguese Securities Code (Codigo dosValores Mobiliarios), Banco Comercial Portugues, S.A. (BCP) hereby informs thatit has received the following notice from Friends Provident: "We are writing to inform you that following the sale of 3,998,057 shares in BCPeffected on 21 February 2007 by Friends Provident group (the "Group"), theGroup's interest in BCP is 71,298,057 representing 1.97% of BCP's share capitaland voting rights (based on issued share capital of 3,611,329,567). Accordingly, as of 22 February 2007, the Group's interest in BCP is as follows: Entity Number of shares in BCP % of interestFriends Provident Life and Pensions Limited 24,582,128 0.68%Friends Provident Investment Holdings plc 46,715,929 1.29%TOTAL 71,298,057 1.97% Friends Provident plc is making this notification pursuant to Article 16 SectionII of the Securities Code on behalf of itself and its wholly-owned subsidiaries." The decrease in stake now announced is part of a geographic and asset-classallocation review undertaken by Friends Provident that expressed its intentionto maintain a stable and relevant participation in BCP capital. The relationshipbetween Friends Provident and BCP, in place since 1992, remains strong as BCPcontinues to work closely with F&C, a UK-based asset manager 51% controlled byFriends Provident, that manages BCP's mutual funds investments worldwide, andthe former Friends Provident CEO, Mr. Keith Satchel, is a member of BCPSupervisory Board. Banco Comercial Portugues End of announcement This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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