MADRID, 21 Abr. (EUROPA PRESS) –
The majority shareholders of Técnicas Reunidas, the Lladó family, and Cobas Asset Management, have fulfilled their irrevocable commitments to subscribe to the group’s capital increase for a number of new shares that, together, represent approximately 44.73% of that of the new titles that will be issued within the framework of this operation.
This was reported this Friday by Técnicas Reunidas in a communication sent to the National Securities Market Commission (CNMV).
The company announced a few weeks ago a capital increase amounting to 150 million euros, which had the support of its majority shareholders, the Lladó and Coba, who had committed to irrevocably subscribe to the capital increase.
For its part, Azvalor, holder of 6.08% of the share capital of Técnicas Reunidas, did not sign any irrevocable commitment, but announced its intention not to dilute its stake.
The preferential subscription period of the capital increase announced by the group began on April 13 and will end on the 26th, both inclusive.
During the pre-emptive subscription period, shareholders of record or purchasers of pre-emptive rights may exercise or sell their pre-emptive rights, in whole or in part.
Once the pre-emptive subscription period has ended, if there are new shares pending allocation, the company will distribute them among the holders of pre-emptive subscription rights who have exercised all their rights and have requested, at the time of exercising their rights, the subscription of additional new shares. .
After this period, if there are new unsubscribed shares, an additional allocation and underwriting period will be opened, which will end no later than May 4.
The capital increase of Técnicas Reunidas will consist of the issuance of a total of 24,405,265 new shares, at a subscription price of 6.15 euros for each new share (nominal value of 0.10 euros plus a premium of 6.05 euro).
Each share held by registered shareholders will entitle them to receive a pre-emptive subscription right.
The exercise of 11 pre-emptive subscription rights will entitle its holder to subscribe 5 new shares by paying the subscription price in cash.
Shareholders who do not fully exercise their pre-emptive subscription rights in the percentage to which their current participation entitles them will be diluted by approximately 30.39% of their capital.
Técnicas Reunidas will use this capital increase to reduce its indebtedness and improve its treasury, as well as to finance the operating expenses required by the low-carbon technology segment.
Specifically, the company will allocate a third of its capital increase (around 50 million euros) to continue reducing its level of indebtedness.
Thus, it will use this amount to repay 33.5 million euros of the ICO syndicated loan and 14 million euros of the Cesce Syndicated Financing agreement.
Another third of the capital increase, that is, another 50 million euros, will be dedicated to optimizing the group’s net cash position and strengthening its treasury levels, while the remaining 50 million euros will be used to invest in projects energy sources in Spain, Europe and the United States, and in technologies with low carbon levels.
