REG - Obrascon Huarte Lain - Conversations with Amodio family

Obrascon Huarte Lain SAAnnouncement

22/10/2019 13:20

RNS Number : 7403Q
Obrascon Huarte Lain, S.A.
22 October 2019
 


London Stock Exchange
 
Madrid, October 22nd 2019
 
 
Ref.: Notification of Significant Event: Conversations with Amodio family
 
 
Dear Sirs,
 
 
The company, OBRASCON HUARTE LAIN, S.A. (OHL), in compliance with current legislation, hereby reports the following:
 
 
SIGNIFICANT EVENT
In relation to the news published in the press today, OHL informs that Grupo Villar Mir S.A. (GVM) and the Company are under conversations with Amodio family to execute a possible transaction (the Transaction) which involves an entry in the capital structure of OHL of the Amodio, as support of the Company business plan through the subscription of a capital increase by Amodio, not exceeding the 20% of the present capital, with exclusion of pre-emptive subscription rights, linked with  the sale by GVM of part of its stake in the interest of the Company and its stakeholders. The capital increase, must be submitted for approval by the General Shareholders Meeting.
The Transaction does not imply the acquisition of a controlling stake by the Amodio family, which, under any circumstances, will reach 30% of the voting rights of OHL.
To date there is no binding agreement.
Yours faithfully,
 
José María del Cuvillo Pemán
Secretary of the Board of Directors
 
 




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