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14
INSTITUTIONAL
SINERGIA 44
APPROVAL FOR POTENTIAL
DISPOSAL OF EQUITY CAPITAL
The second item on the agenda was
also approved being a procedure for
recurring and periodically renewed
approval by shareholders for the Board
to dispose of equity capital in the best
market conditions and in keeping with
the company’s strategy.
MOTA-ENGIL TO STAY A MAJORITY
At the end of the extraordinary general
meeting the Chairman disclosed to the
journalists present that there are “three
markets under consideration - London,
Lisbon and Amsterdam - with three
factors under consideration which
are fundamental: the visibility of the
share, its liquidity as well as the timing
necessary to go ahead” for the selection
of the European stock market for the
offering of the African sub-holding.
Questioned at the end on the future
offering of the African subsidiary on the
stock market with a possible increase
in capital, the Chairman confirmed
that Mota-Engil SGPS will always be
the majority shareholder in the African
subholding “with more than two thirds
of the capital” concluding that “the
simultaneous offering of the two shares
will have a valuation effect”.
The Mota-Engil Group adapted itself
successfully to the dynamics of the
market and stamped the changes on the
organisation which would confirm it as a
leading multinational company involved
in a range of industries.
Continuing its current strategy and in
line with the actual size of the Group,
the challenges that it faces, its range
of business and its geographic reach,
the Board proposed the possibility of
extending the longstanding presence
in capital markets of the Group to
shareholders at the extraordinary
general meeting held on December 27
by launching Mota-Engil Africa on a
still to be decided upon European stock
market. Mota-Engil SGPS, SA held
its extraordinary general meeting at the
offices of the Manuel António da Mota
Foundation in the city of Porto with
two items on the agenda which received
both the unanimous approval of the
78% of the shareholdings represented.
DISTRIBUTION OF MOTA-ENGIL
ÁFRICA SHARES
The first item proposed to shareholders
was for the distribution in kind of a
conditional dividend to shareholders
in Mota-Engil SGPS, SA of a block
of shares representing 20% of the
capital of Mota-Engil Africa which
was approved by the extraordinary
general meeting, the added value of the
proposal, its being part of the strategy
of the Group of raising the profile
and value of one of the Group’s most
important shares while offering the
best and most profitable international
market to a wider investor base with
a growing interest in African markets
being recognized.
The process is expected to be completed
by the end of the first half of 2014, its
timing depending on the length of
the administrative process for market
offering.
MOTA-ENGIL
ANNUAL
GENERALMEETING
UNANIMOUSLY
APPROVES
THEAGENDA
The conditional distribution
of an extraordinary
dividend paid in shares
equal to 20% of the capital
of Mota-Engil Africa
and its floatation on a
European Union regulated
stock market received the
support of shareholders
Gonçalo Moura Martins, CEO, and António Mota, Chairman of the Board
of Directors of Mota-Engil.