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ACS — Acs Actividades de Construccion y Servicios SA News Story

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Brief: ACS Approves Capital Increase Of About 2% Of Share Capital Via Accelerated Bookbuilding

May 18 (Reuters) - ACS Actividades de Construccion y Servicios SA ACS.MC:

APPROVES CAPITAL INCREASE OF UP TO 5,433,291 NEW SHARES, ABOUT 2% OF SHARE CAPITAL

TO PLACE NEW SHARES WITH QUALIFIED INVESTORS VIA ACCELERATED BOOKBUILD

NEW SHARES TO BE ADMITTED TO TRADING ON 19 MAY, COMMENCE 20 MAY

AGREED TO TERMINATE TWO EQUITY SWAP TRANSACTIONS ENTERED INTO WITH SOCIETE GENERALE IN 2023 OVER TOTAL OF 11.1 MILLION SHARES OF ACS

PROCEEDS TO SUPPORT €5.5-€6.0 BILLION EQUITY INVESTMENT FRAMEWORK

ROSAN, AND CRITERIA TO ASSUME 90-DAY LOCK-UP FROM CAPITAL INCREASE CLOSING

ROSAN TO ACQUIRE 1.2 MILLION SHARES, CRITERIA UP TO 4.07 MILLION SHARES

Source text, nCNM9pSh8z

Further company coverage: ACS.MC

(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 567 69 66 00;))

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