Obrascón Huarte Lain S A : OHL - Inside Information Notice Backstop election
February 11, 2021 at 06:35 pm IST
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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 connection with the communications dated 21 January 2021 and 5 February 2021 (the 'Announcements'), the Company informs that, as of the Early Accession Deadline, Noteholders representing over 93% by value of the outstanding principal amount of the Senior Notes have acceded to the Lock-up Agreement. In addition, the Company informs that Noteholders representing over 75% by value of the outstanding principal amount of the Senior Notes (excluding those held by the Backstop Providers) have elected to be treated as Option 1 Noteholders. In this context, the Backstop Providers have duly exercised their right to take up the full allocation of Option 2 Scheme Entitlements.
Accordingly, the Company informs those Noteholders (other than the Backstop Providers) that have elected to be treated as an Option 2 Noteholder (which represent less than 2.5% by value of the outstanding principal amount of the Senior Notes) that they have 5 business days from the date of the Backstop Provider Election Notice (9 February 2021) in which to terminate the Lock-Up Agreement in respect of that Noteholder only. Any such Noteholders that do not exercise this right, will automatically be treated as an Option 1 Noteholder.
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.
OBRASCÓN HUARTE LAIN, S.A. 
