Graña y Montero S.A.A. Board of Directors Approve Issuance of Second Tranche of New Common Shares
26 August 2013 - 11:47PM
Business Wire
Graña y Montero S.A.A. (“Graña y Montero” or the “Company”), the
recently listed engineering and construction Peruvian company in
the New York Stock Exchange, announced that in its Board of
Directors Meeting dated August 22, it approved the issuance of the
second tranche of new common shares derived from the ADS Initial
Public Offering (the “Primary Offering”).
Pursuant to the exercise of the over allotment option granted to
the underwriting banks of the Primary Offering, the Company will
issue 4’095,180 common shares equivalent to 819,036 ADSs, at a sale
price of US$ 21.13 per ADS. As a consequence, the total number of
common shares issued for the first and the second tranche of the
Primary Offering will be 101’769,600 equivalent to 20’353,920
ADSs.
The new common shares to be issued are initially represented by
one or more provisional stock certificates which will be delivered
on August 27, 2013 and will then be replaced by definitive
certificates on the fifth business day after the Company
communicates the registration of the increase of capital in Public
Registry.
Finally, the Company’s share capital will increase from S/.
655'958,610.0 to S/. 660'053,790.0.
About Graña y Montero S.A.A.
Founded in 1933, Graña y Montero is the only Peruvian
engineering and construction company listed on the Lima Stock
Exchange since 1997 and now also the NYSE. The Company has
participated in the development of major engineering and
construction projects in Peru, including large-scale, complex
projects in the energy, mining, construction and real estate
sectors.
With 80 years of operations, the Company has leveraged its
engineering and construction expertise into complementary lines of
business, such as the development, ownership, operation and
maintenance of infrastructure assets, real estate developments, and
the provision of technical services. The Company has significant
investments in infrastructure concessions, such as three toll roads
and Line 1 of the Lima Metro.
The Company has also executed several projects outside Perú, and
has acquired three companies in Chile: DSD Construcciones y
Montajes, an engineering and construction specialized in providing
services to the energy, oil and gas, cellulose and mining sector in
Chile and Latin America company; Vial y Vives, a construction
company specialized in the mining sector, and CAM, which is
specialized in electric services, with operations in Chile, Peru
and Colombia.
Graña y Montero is listed in the NYSE under ticker symbol “GRAM”
and in the Lima Stock Exchange under ticker symbol “GRAMONC1”.
Graña y MonteroJuan Jose ArrietaCorporate Communications &
Social Responsibility Officer(511)
213-6598jarrieta@gym.com.peorDennis Gray F.Investor Relations
Officer(511)
213-6583dgray@gym.com.perelacion.inversionistas@gym.com.pe
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