Obrascón Huarte Lain S A : OHL - Other relevant Information On business and financial situation.Covening hearing
March 19, 2021 at 07:29 pm IST
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OBRASCON HUARTE LAIN, S.A. ('OHL' or the 'Company'), pursuant to article 227 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.
OTHER RELEVANT INFORMATION NOTICE
In connection with the communications of other relevant information dated 16 March 2021 and 18 March 2021 (with numbers 7993 and 8044), the Company informs that the Convening Hearing in relation to the Scheme was held on the date hereof and that, by an order dated 18 March 2021, the Court has directed that a meeting of the Company and the Scheme Creditors shall be convened on 9 April 2021 for the purpose of considering and, if thought fit, approving (with or without modification) the Scheme.
The Company will continue to inform in a timely manner of all relevant issues in relation to the Scheme process and will circulate further information in relation to the Scheme Meeting to Scheme Creditors in due course.
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.