REG - Obrascon Huarte Lain - OHL Concesiones has priced 130 m shares of OHL Mex <Origin Href="QuoteRef">OHL.MC</Origin>

Obrascon Huarte Lain SAAnnouncement

18/11/2014 09:00

RNS Number : 2976X
Obrascon Huarte Lain, S.A.
18 November 2014
OBRASCN HUARTE LAN, S.A. ("OHL") in compliance with the provisions of article 82 of the Spanish Securities Market Act, hereby notifies the Comisin Nacional del Mercado de Valores of the following:
SIGNIFICANT EVENT
Following the Significant Event number 2109X filed today, the Company announces that OHL Concesiones S.A.U. ("OHL Concesiones"), subsidiary 100% owned by OHL and main shareholder of OHL Mexico, S.A.B. de C.V. ("OHL Mexico"), has priced 130,000,000 shares of OHL Mexico (the "Shares"), representing 7.5% of its share capital, at a price of 30.00 Mexican Pesos per share. After this transaction; OHL Concesiones continues to maintain a controlling stake of 56.14% in OHL Mexico. The settlement of the transaction is expected to take place next Friday 21st of November.
The offer has been implementedby an international private accelerated book-build outside Mexico addressed solely to international institutional investors in the United States (Qualified Institutional Buyers or "QIBs") according to Reg. 144 A and to investors outside the United States and Mexico according to Reg. S, both under the U.S. Securities Act of 1933 ("Securities Act"). This transaction will enlarge the liquidity and marketability of the shares of OHL Mexico substantially, as well as diversify its international investors base.
The Shares have not been registered under the Securities Act and will be offered only to international institutional investors in the United States according the Rule 144 A of the Securities Act and to persons outside the United States and Mexico according to Regulation S of the Securities Act. Unless the Shares are not registered, they cannot be and could not be offered in the United States except according to any of the exemptions from such registration under the Securities Act or in a transaction not subject to the registration requirements of the Securities Act.
The Shares have not been and will not be offered or sold in Mexico in this transaction.
This transaction is framed within OHL Group Financial Policy, and its proceeds (approximately EUR 231 million) will be initially used to reduce recourse debt at OHL Group's parent company level, providing a very valuable additional financial flexibility within the context of the strategic plans of the Group.
This significant event will not be considered an offer of sale or an offer to buy solicitation, nor will take place any sale of Shares in any jurisdiction in which such offer, solicitation or sale would be contrary to law without prior registration or qualification under the capital market laws of such jurisdiction.
Madrid, November18th 2014

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