Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Portugal
  4. Euronext Lisbonne
  5. Mota-Engil, SGPS, S.A.
  6. News
  7. Summary
    EGL   PTMEN0AE0005

MOTA-ENGIL, SGPS, S.A.

(EGL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Mota Engil SGPS S A : Voluntary public exchange offers of i) "Obrigações taxa fixa Mota-Engil 2018/2022" (ISIN PTMENWOM0007) and ii) "Obrigações Mota-Engil 2018/2023" (PTMENUOM0009) for "Obrigações ligadas a sustentabilidade Mota-Engil 2021-2026" (ISIN PTMENYOM0005) - Republication of the launch announcement

11/23/2021 | 05:10pm EST

This document has been prepared for information purposes only and is the non-binding English translation of the launch announcement for certain public offerings of notes ("offerings") launched by Mota-Engil, SGPS, S.A. in Portugal and disclosed on the information disclosure system managed by the Comissão do Mercado de Valores Mobiliários (Portuguese Securities Market Commission) on 9 November 2021, as described herein. If there is any inconsistency between this version and the Portuguese version of the launch announcement, the latter will prevail.

This document does not constitute or form part of, and should not be construed as, an offer (public or private) to sell, issue, advertise or market, an invitation to subscribe, purchase or exchange, a submission to investment gathering procedures, the solicitation of an offer (public or private) to subscribe, purchase or exchange securities issued by Mota-Engil or any of its affiliates in any jurisdiction, or an inducement to enter into investment activity in any jurisdiction, notably in circumstances which could qualify as a public offer (oferta pública) of securities, other than in Portugal. Any decision to subscribe, purchase, exchange or otherwise trade any securities in the offerings launched by Mota- Engil should be made solely on the basis of the information contained in the relevant launch announcement, prospectus and/or other relevant offering documents and in accordance with all applicable rules and regulations. This document is not for release, publication or distribution, either directly or indirectly, in or into any jurisdiction where such release, publication or distribution may be restricted or unlawful.

Mota-Engil, SGPS, S.A.

Listed Company

Head Office: Rua do Rego Lameiro, no. 38, 4300-454 Porto, Portugal

Share Capital: €306,775,950.00

Registered with the Commercial Registry of Porto

under its single registration and corporate taxpayer number: 502 399 694

("Mota-Engil", the "Issuer" and/or the "Offeror")

REPUBLICATION OF THE LAUNCH ANNOUNCEMENT OF TWO TOTAL VOLUNTARY PUBLIC EXCHANGE OFFERS

ONE OFFER OF UP TO 220,000 NOTES, WITH THE NOMINAL VALUE OF €500 EACH AND TOTAL NOMINAL VALUE OF UP TO €110,000,000 ISSUED BY MOTA-ENGIL ON 28 NOVEMBER 2018, WITH MATURITY DATE ON 28 NOVEMBER 2022, WITH A FIXED GROSS INTEREST RATE OF 4.50% PER YEAR AND WITH ISIN CODE PTMENWOM0007, REPRESENTATIVE OF THE BOND ISSUE DENOMINATED "OBRIGAÇÕES TAXA FIXA MOTA-ENGIL2018/2022" ("MOTA-ENGIL2022 NOTES")

AND

ONE OFFER OF UP TO 6,051 NOTES, WITH THE NOMINAL VALUE OF €10,000 EACH AND TOTAL NOMINAL VALUE OF UP TO €60,510,000, ISSUED BY MOTA-ENGIL ON 4 JANUARY 2018, WITH MATURITY DATE ON 4 JANUARY 2023, WITH A FIXED GROSS INTEREST RATE OF 4% PER YEAR AND WITH ISIN CODE PTMENUOM0009, REPRESENTATIVE OF THE BOND ISSUE DENOMINATED "MOTA-ENGIL2018/2023" ("MOTA-ENGIL2023 NOTES")

FOR

UP TO 220,000 NOTES, WITH THE NOMINAL VALUE OF €500 EACH AND TOTAL NOMINAL VALUE OF UP TO €110,000,000,

WITH A FIXED GROSS INTEREST RATE OF 4.25% PER YEAR AND WITH ISIN CODE PTMENYOM0005, REPRESENTATIVE OF THE BOND ISSUE DENOMINATED "OBRIGAÇÕES LIGADAS A SUSTENTABILIDADE MOTA-ENGIL 2021-2026"("MOTA-ENGIL2026 NOTES")

Pursuant to Article 183-A of Decree-Law no. 486/99, of 13 November, as amended ("Portuguese Securities Code"), this announcement makes public the launch by Mota-Engil, SGPS, S.A., under the terms and conditions set forth in the launch announcement as republished on the date hereof ("Launch Announcement") and in the Prospectus of the public subscription offer, public exchange offers and admission to trading dated 9 November 2021, as amended by means of the supplement to the Prospectus dated 23 November 2021 ("Prospectus"), of two total voluntary public exchange offers ("Public Exchange Offers") corresponding to (i) of up to 220,000 notes, with the nominal value of €500 each and total nominal value of up to €110,000,000, issued by Mota-Engil on 28 November 2018, with maturity date on 28 November 2022, with a fixed gross interest rate of 4.50% per year and with ISIN code PTMENWOM0007, representative of the bond issue denominated "Obrigações Taxa Fixa Mota- Engil 2018/2022" ("Mota-Engil2022 Notes"); and (ii) of up to 6,051 notes, with the nominal value of €10,000 each and total nominal value of up to €60,510,000, issued by Mota-Engil on 4 January 2018, with maturity date on 4 January 2023, with a fixed gross interest rate of 4% per year and with ISIN code PTMENUOM0009, representative of the bond issue denominated "MOTA-ENGIL2018/2023" ("Mota-Engil2023 Notes"), for up to 220,000 notes, with the nominal value of €500 each and total nominal value of up to €110,000,000, with each Mota-Engil 2026 Note being reimbursed at its nominal value in two instalments (€250 on 2 December 2025 and €250 on 2 December 2026), with a fixed gross interest rate of 4.25% per year and with ISIN code PTMENYOM0005, representative of the bond issue denominated "Obrigações Ligadas a Sustentabilidade Mota- Engil 2021-2026" ("Mota-Engil2026 Notes").

Mota-Engil 2026 Notes are sustainability-linked notes, insofar as Mota-Engil undertook to promote the improvement of 1 key performance indicator (rate of non-fatal work accidents resulting in leave of absence) ("KPI") with a view to achieving a sustainability performance target ("SPT") by 31 December 2025. Should Mota- Engil fail to achieve the SPT set for the selected KPI, an additional remuneration of €1.25 per Mota-Engil 2026 Note will be paid on 2 December 2026.

The Public Exchange Offers and the Public Subscription Offer (as defined below) (jointly referred to as the "Offers") encompass two segments:

  1. the General Segment ("General Segment"), which includes professional investors, eligible counterparties and non-professional investors, as these terms are defined in Directive 2014/65/EU of the European Parliament and of the Council, of 15 May 2014, on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU, supplemented by Commission Delegated Directive (EU) 2017/593, of 7 April 2016 (as amended, "MIFID II"), and in Articles 30 and 317-D of the Portuguese Securities Code, who place, with any financial intermediary authorised to receive subscription and/or exchange orders with respect to book-entry securities, a subscription and/or exchange order in the context of the Offers; and
  2. the Professionals and Eligible Counterparties Segment ("Professionals and Eligible Counterparties Segment"), which includes professional investors and eligible counterparties, as these terms are defined

2

in MIFID II and in Articles 30 and 317-D of the Portuguese Securities Code, who place a subscription order in the minimum amount of €100,000, corresponding to 200 Mota-Engil 2026 Notes, and/or exchange orders in acceptance of any of the Public Exchange Offers with Banco Finantia, CaixaBI, Haitong Bank or novobanco (as defined below and jointly referred to as the "Arrangers and Joint Lead Managers").

Without prejudice to the foregoing, the subscription of Mota-Engil 2026 Notes and the exchange of Mota-Engil 2022 Notes and/or Mota-Engil 2023 Notes for Mota-Engil 2026 Notes may be carried out, in accordance with the terms agreed between the Issuer and Offeror and the Arrangers and Joint Lead Managers, in other Member- States of the European Union by means of a private placement, pursuant to the terms and limits foreseen in Regulation (EU) 2017/1129 of the European Parliament and of the Council, of 14 June 2017, and its delegated acts, as well as in any applicable national legislation and regulations.

  1. The Issuer and Offeror is Mota-Engil, SGPS, S.A., a listed company with head office on Rua do Rego Lameiro, no. 38, 4300-454 Porto, Portugal, in the parish of Campanhã, municipality of Porto, with a fully subscribed and paid up share capital of €306,775,950, and registered with the Commercial Registry of Porto under the single registration and corporate taxpayer number 502 399 694.
  2. The financial intermediaries providing advisory services with respect to the preparation, launch and execution of the Public Exchange Offers are Banco Finantia, S.A., with head office on Rua General Firmino Miguel, no. 5, 1st floor, in Lisbon, Portugal, with a share capital of €150,000,000, and registered with the
    Commercial Registry of Lisbon under the single registration and corporate taxpayer number 501 897 020
    ("Banco Finantia"); Caixa - Banco de Investimento, S.A., with head office on Avenida João XXI, no. 63, in Lisbon, Portugal, with a share capital of €81,250,000, and registered with the Commercial Registry of Lisbon under the single registration and corporate taxpayer number 501 898 417 ("CaixaBI"); Haitong Bank, S.A., with head office on Rua Alexandre Herculano, no. 38, in Lisbon, Portugal, with a share capital of €844,769,000, and registered with the Commercial Registry of Lisbon under the single registration and corporate taxpayer number 501 385 932 ("Haitong Bank"); and Novo Banco, S.A., with head office on Avenida da Liberdade, no. 195, in Lisbon, Portugal, with a share capital of €5,900,000,000, and registered with the Commercial Registry of Lisbon under the single registration and corporate taxpayer number 513
    204 016 ("novobanco"), except with respect to the tabulation and disclosure of the results of the Public Exchange Offers for the General Segment, pursuant to Article 127, paragraph no. 1, subparagraph (b) of the Portuguese Securities Code, which will be assured in a regulated market special session by Euronext Lisbon - Sociedade Gestora de Mercados Regulamentados, S.A. ("Euronext").
  3. The Public Exchange Offers will involve (i) up to 220,000 Mota-Engil 2022 Notes and (ii) up to 6,051 Mota- Engil 2023 Notes. The duly validated exchange orders placed in acceptance of any of the Public Exchange Offers will be fulfilled in accordance with the applicable allocation criteria in the event that the level of demand, in the context of the Public Exchange Offers and of the public subscription offer addressed to the general public, involving up to 220,000 Mota-Engil 2026 Notes, with the nominal value of €500 each

3

and total nominal value of up to €110,000,000 ("Public Subscription Offer"), exceeds the number of Mota- Engil 2026 Notes available.

The Public Exchange Offers will only be open to Mota-Engil 2022 Notes and Mota-Engil 2023 Notes with all rights attached, and provided that they are free of any liens, charges and liabilities, of any nature, as well as any restrictions or attachments, notably with respect to their ownership and/or social rights or their transferability.

4. Pursuant to Article no. 72, paragraph no. 2, subparagraph (a) of the Portuguese Securities Code, the recipients of the Public Exchange Offers who intend to accept any such offer shall, prior to placing an exchange order, block their respective Mota-Engil 2022 Notes and/or Mota-Engil 2023 Notes, as applicable, offered for exchange in the accounts held with the financial intermediary with which the notes are registered, with express indication that they will remain blocked until (i) the settlement date of the relevant Public Exchange Offer, i.e., 2 December 2021, which corresponds to the second business day following the tabulation and disclosure of the results of the respective Public Exchange Offer, under the terms of Interbolsa Regulation no. 2/2016, as amended, on the general operational rules applicable to securities settlement systems and to the settlement systems managed by Interbolsa ("Settlement Date");

    1. the date on which the respective Public Exchange Offer is revoked by the Offeror, when such revocation is legally admissible under Articles 128 and 130 of the Portuguese Securities Code; or (iii) the date of the valid revocation of the corresponding exchange order, whichever is the earliest.
  1. The Public Exchange Offers are total and voluntary public acquisition offers, in the form of two exchanges addressed to unspecified investors (i.e., to the public in general) who are holders of Mota-Engil 2022 Notes and/or Mota-Engil 2023 Notes, being specifically addressed to persons with residence or establishment in Portugal. The acceptance of any of the Public Exchange Offers by investors not resident in Portugal may be restricted by the laws applicable in their jurisdiction and, as such, non-resident investors should seek further information on the matter and ensure their compliance with any legal or regulatory requirements that may apply to them.
  2. Regarding each Mota-Engil 2022 Note, the consideration offered in the context of the respective Public Exchange Offer corresponds to (i) 1 Mota-Engil 2026 Note with the nominal value of €500 and (ii) a cash premium in the amount of €11.44, subject to taxes, fees and other charges.

  3. Regarding each Mota-Engil 2023 Note, the consideration offered in the context of the respective Public Exchange Offer corresponds to (i) 20 Mota-Engil 2026 Notes with the nominal value of €500 each and (ii) a cash premium in the amount of €195.30, subject to taxes, fees and other charges.
    On the Settlement Date, with respect to each of the recipients of the Public Exchange Offers who exchanges Mota-Engil 2022 Notes and/or Mota-Engil 2023 Notes, (i) the Mota-Engil 2026 Notes acquired in the context of the Public Exchange Offers will be credited to their individual book-entry securities account, opened with a legally qualified financial intermediary, in which the Mota-Engil 2022 Notes and/or

4

Mota-Engil 2023 Notes sold in the context of the relevant Public Exchange Offer were registered, and (ii) the abovementioned cash premium, together with interest accrued in relation to the Mota-Engil 2022 Notes, i.e., from and including 28 November 2021 up to and excluding the Settlement Date, in the amount of €0.25 for each Mota-Engil 2022 Note, subject to taxes, fees and other charges, or in relation to the Mota-Engil 2023 Notes, i.e., from and including 4 July 2021 up to and excluding the Settlement Date, in the amount of €167.777778 for each Mota-Engil 2023 Note, subject to taxes, fees and other charges, will be credited to the current account associated to the individual book-entry securities account.

  1. The Mota-Engil 2023 Notes are admitted to trading on the regulated market of the Bourse de Luxembourg, managed by the Luxembourg Stock Exchange ("LSE"). The Mota-Engil 2022 Notes are admitted to trading on the regulated market of Euronext Lisbon, managed by Euronext, and admission to trading of the Mota- Engil 2026 Notes on this market has been requested, being expected to take place on 2 December 2021 dependent on approval by Euronext.
  2. Pursuant to Article 177, paragraph no. 2 of the Portuguese Securities Code, given that part of the consideration of the Public Exchange Offers consists of a cash payment, the Offeror has presented an irrevocable bank guarantee, issued by novobanco, which is suitable to guarantee payment of the maximum cash amount to be paid in the context of the Public Exchange Offers, i.e., in the amount of €3,698,560.30.
  3. The Public Exchange Offers will take place between 8:30 a.m. (Lisbon time) of 15 November 2021 and (i) 12 noon (Lisbon time) of 26 November 2021 for the Professionals and Eligible Counterparties Segment; and (ii) 3 p.m. (Lisbon time) of 26 November 2021 for the General Segment. Exchange orders may be received until the respective deadline. In accordance with the law, notably Article 183, paragraph no. 2 of the Portuguese Securities Code, the deadline of any of the Public Exchange Offers may be extended by decision of the Portuguese Securities Market Commission (Comissão do Mercado de Valores Mobiliários,
    "CMVM"), by its own initiative or at the Offeror's request, in the event of revision of the respective Public Exchange Offer or when protection of the recipients' interests justifies such an extension.
  4. The acceptance of any Public Exchange Offer by its recipients must be communicated during the period of that Public Exchange Offer. In the case of investors included in the General Segment, their acceptance is communicated through the placement of an exchange order with the legally qualified financial intermediaries with which the Mota-Engil 2022 Notes and/or the Mota-Engil 2023 Notes offered for exchange in the context of any of the Public Exchange Offers are registered.
  5. None of the Public Exchange Offers is restricted to the acquisition by the Offeror of a minimum number of Mota-Engil 2022 Notes or of Mota-Engil 2023 Notes, and each Public Exchange Offer is limited to 220,000 Mota-Engil 2022 Notes and of 6,051 Mota-Engil 2023 Notes, under the terms detailed in the preamble of this announcement and subject to the allocation criteria described in paragraph 14. There are no administrative authorisations restricting any of the Public Exchange Offers.

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Mota-Engil SGPS SA published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2021 22:09:06 UTC.


© Publicnow 2021
All news about MOTA-ENGIL, SGPS, S.A.
01/03MOTA ENGIL SGPS S A : Engil informs about bonds transactions by persons discharging manage..
PU
01/03MOTA ENGIL SGPS S A : Engil informs about bonds transactions by persons discharging manage..
PU
2021MOTA ENGIL SGPS S A : informs about transactions by persons discharging managerial respons..
PU
2021MOTA ENGIL SGPS S A : Engil, SGPS, SA informs about obrigações ligadas à sustentabilidade ..
PU
2021MOTA ENGIL SGPS S A : informs about transactions by persons discharging managerial respons..
PU
2021MOTA ENGIL SGPS S A : Engil informs about the payment of interest - coupon nº8 - of the No..
PU
2021MOTA ENGIL SGPS S A : Engil informs about its Plan for Gender Equality 2022
PU
2021MOTA ENGIL SGPS S A : Voluntary public exchange offers of i) “Obrigações taxa fixa M..
PU
2021MOTA ENGIL SGPS S A : Voluntary public exchange offers of i) "Obrigações taxa fixa Mota-En..
PU
2021Mota-Engil, SGPS, S.A. informs about transactions by persons discharging managerial res..
PU
More news
Financials
Sales 2021 2 528 M 2 817 M 2 817 M
Net income 2021 5,50 M 6,13 M 6,13 M
Net Debt 2021 1 360 M 1 515 M 1 515 M
P/E ratio 2021 44,6x
Yield 2021 2,15%
Capitalization 373 M 416 M 415 M
EV / Sales 2021 0,69x
EV / Sales 2022 0,62x
Nbr of Employees 15 529
Free-Float 71,0%
Chart MOTA-ENGIL, SGPS, S.A.
Duration : Period :
Mota-Engil, SGPS, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MOTA-ENGIL, SGPS, S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 1,24 €
Average target price 2,76 €
Spread / Average Target 122%
EPS Revisions
Managers and Directors
Gonçalo Nuno Gomes de Andrade Moura Martins Vice Chairman & Chief Executive Officer
José Pedro M. Marques Sampaio de Freitas CFO & Non-Independent Executive Director
António Manuel Queirós Vasconcelos da Mota Chairman
Jorge Paulo Sacadura de Almeida Coelho Independent Vice Chairman
António Bernardo Aranha da Gama Lobo Xavier Independent Non-Executive Director