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15
MARCH 2014
MOTA-ENGILTO
EXTENDAND
DIVERSIFY ITS
INVESTORBASE
The financial operation
demonstrates the
confidence of the market in
the potential development
and valuation of the Group
With demand 2.3 times
greater than offer, the
transaction was effected
at 4.65 euros per share
and was a clear success.
Following the extraordinary general
meeting held on theDecember 27 (see see
the article on page 12), Mota-Engil SGPS
SA promoted the offering in conjunction
with the controlling shareholder,
Mota Gestão e Participações, SGPS, SA,
of up to 34,300,000 ordinary shares in
Mota-Engil, SGPS, SA, including
11,101,379 equity shares in an
accelerated book building process
which had Credit Suisse as its global
coordinator and book runner as well as
ESIB, Caixa BI and Millennium BCP as
joint-book runners.
With demand 2.3 times greater than
offer, the transaction was effected at 4.65
euros per share and was a clear success
since, in spite of the floatation being the
equivalent of the average of 100 days of
market trades, the whole of the shares
were placed in less than two hours with
85% of buyers originating from various
international financial markets.
In a single transaction, the free float
was increased to almost 44% of the
company’s capital which translated into
a 62% increase in comparison with the
free float up until that point.
The shareholder structure of the Group
is noteworthy for the quality and the
diversity of the institutional investors
(numbering more than 80 in total) and
demonstrates the attention paid to
the operation by the principal global
investors which in itself takes on major
relevance when the shares sold do not
include the right to the conditional
dividends in kind of 20% of the shares in
Mota-Engil Africa BV.
The role of the reference shareholder is to
be noted in looking to and preserving the
interests of the Group to the detriment
of a potential future maximization of
returns renewing the commitment
expressed in the position of majority
shareholder which dates back to the
company’s foundation in 1946.
The MOTA-ENGIL Board reiterated in
a press release “its confidence in the
performance and the perspectives for
the GROUP’s economic results already
translated in the 2013 third quarter results
– the best in the history of the GROUP -
which are expected to be confirmed in
the annual report and accounts released
at the appropriate time.”