Obrascón Huarte Lain S A : OHL - Inside Information Debt of Pacadar an GVM
November 02, 2020 at 05:51 am EST
Share
OBRASCON HUARTE LAIN, S.A. ('OHL' or the 'Company'), pursuant to article 226 of the consolidated text of the Spanish 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
In relation to the communication of inside information, registry number 474, dated 30 September, 2020, regarding the debt that Pacadar and the VMG (Villar Mir Group) owe to the Company (the Debt); OHL hereby informs that the parties are advancing in their conversations to agree on the most satisfactory payment methods of the Debt; and are exploring, among other options, a possible dation in payment of 100% of Pacadar shares.
In order to conclude the appropriate analysis and take the most advisable decisions, the parties have reached an agreement by virtue of which the maturity date of the Debt has been extended by 20 calendar days counted from 30 October, 2020.
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.