LUXEMBOURG/PORTUGAL--(BUSINESS WIRE)--
ESPÍRITO SANTO FINANCIAL GROUP DISCLOSES ITS INTENTION TO HOLD 25% OF BANCO ESPÍRITO SANTO’S SHARES IMMEDIATELY FOLLOWING THE CLOSING OF THE RIGHTS ISSUE, AS ANNOUNCED 15 MAY 2014
Luxembourg/Portugal – 27 May 2014 - Espírito Santo Financial Group S.A. (‘ESFG’) (NYSE Euronext Lisbon: ESF; Bloomberg: ESF PL; Reuters: ESF LS) today discloses intention to hold 25% of BES immediately following the close of the rights issue (as announced 15 May 2014):
ESPÍRITO SANTO FINANCIAL GROUP, S.A. (‘ESFG’), which currently holds 27.4% of the share capital of BES, hereby announces its decision to exercise a number of rights to subscribe for new shares in the Banco Espírito Santo, S.A. (‘BES’) rights issue in progress that would enable ESFG to hold approximately 25% of the share capital of BES immediately following the closing of said rights issue.
Contacts:
Filipe Worsdell
Espírito Santo
Financial Group S.A.
+44 203 429 2100
fworsdell@esfg.com
Miles Chapman
Taylor Rafferty
+44 207 614 2916
miles.chapman@taylor-rafferty.com
The Espírito Santo Financial Group provides, through its subsidiaries, a global and diversified range of financial services to its clients including Commercial banking, Insurance, Investment banking, Stockbrokerage and Asset management in Portugal and internationally. For additional information on Espírito Santo Financial Group, its subsidiaries, operations and results, please visit the Company’s website on www.esfg.com