Obrascón Huarte Lain S A : OHL - Inside Information Noteholders Early accession deadline extension
February 08, 2021 at 12:10 pm
Share
OBRASCON HUARTE LAIN, S.A. ('OHL' or the 'Company'), pursuant to article 226 of the consolidated text of the Securities Market Act approved by Royal Legislative Decree 4/2015, of 23 October, hereby notifies the Spanish National Securities Market Commission (Comision Nacional del Mercado de Valores) ('CNMV') the following.
INSIDE INFORMATION NOTICE
In the Regulatory Announcement dated 21 January 2021 (official registry number 679) (the '21 January Announcement') the Company announced the execution of the Lock-up Agreement by certain Key Shareholders and the Ad Hoc Group and the beginning of the accession period in which Noteholders could accede to the Lock-up Agreement. Following a strong response from Noteholders (with over 87% having acceded), and in order to give a further opportunity to those Noteholders still finalising their accessions to do so and be entitled to receive the Lock-Up Fee, the Company has extended the Early Accession Deadline to 5 p.m. (London time) on 8 February 2021.
Noteholders wishing to accede to the Lock-Up Agreement prior to the Early Accession Deadline (and be entitled to receive the Lock-Up Fee) should provide as soon as possible to the Calculation Agent a duly completed and executed accession letter (in the form set out in the Lock-Up Agreement) and evidence of their beneficial holdings.
Capitalised terms used in this announcement have the same meaning ascribed to them in the 21 January Announcement.
Obrascon Huarte Lain SA (OHL) is a Spain-based company engaged in the construction and engineering sectors. Its activities are structured into three segments: Concessions, Engineering and construction, as well as Development. The Concessions division focuses on the promotion, development and management of a range of transportation infrastructure, such as highways, railways, airports and ports. The Engineering and construction division comprises three business lines: Construction, which is responsible for building civil infrastructure; Industrial, which is involved in the construction, maintenance and operation of industrial plants, and Services, which includes cleaning and maintenance of buildings and public roads, waste management and green area conservation. The Development division promotes and manages tourist resorts and commercial centers. The Company, through its subsidiaries, is present in the Americas, Europe, Asia, Africa and Oceania. It is controlled by Grupo Villar Mir SAU.