WASHINGTON, June 2, 2014 /PRNewswire/ -- Abengoa (MCE:
ABG.B/P SM /NASDAQ: ABGB), announced today that its wholly-owned
subsidiary, Abengoa Yield plc ("Abengoa Yield") (NASDAQ: ABY)
intends to commence an initial public offering of its ordinary
shares for expected gross proceeds of approximately USD 600 million, prior to underwriting
commissions and discounts and other offering expenses (the
"Offering"). The underwriters of the Offering will have a 30-day
option to purchase up to an additional 15 % of that amount from
Abengoa, to cover over-allotments, if any.
Abengoa Yield is a dividend growth-oriented company formed to
serve as the primary vehicle through which Abengoa will own, manage
and acquire renewable energy, conventional power and electric
transmission lines and other contracted revenue- generating assets,
initially focused on North America
(the United States and
Mexico) and South America (Peru, Chile,
Uruguay and Brazil), as well as Europe (Spain).
Application has been made for listing of the ordinary shares of
Abengoa Yield on the NASDAQ Global Select Market, under the symbol
"ABY."
Abengoa Yield intends to distribute all of the net proceeds of
the Offering, less USD 30 million to
strengthen its liquidity position, to Abengoa as part of the
consideration payable to Abengoa for the transfer of assets to
Abengoa Yield.
Citigroup and BofA Merrill Lynch are acting as global
coordinators of the Offering. Canaccord Genuity, HSBC, RBC
Capital Markets and Banco Santander are acting as joint
bookrunners.
The Offering will be made only by means of a prospectus. A copy
of the preliminary prospectus, when available, may be obtained as
indicated in the next paragraph.
Abengoa Yield has filed a registration statement (including a
prospectus) relating to the ordinary shares with the U.S.
Securities and Exchange Commission ("SEC"), but it has not yet
become effective. The registration statement can be accessed
through the SEC's website at www.sec.gov. The ordinary shares may
not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. Copies of the prospectus
related to the Offering may be obtained without charge by mail from
the offices of Citigroup, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY
11717 (Tel: 800-831-9146) or BofA Merrill Lynch, at 222 Broadway,
New York, NY 10038, Attn:
Prospectus Department, or by emailing
dg.prospectus_requests@baml.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
This communication is directed only at (i) persons who are
outside the United Kingdom or (ii)
in the United Kingdom, persons who
have professional experience in matters relating to investments
falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005, as amended (the
"Order"), or who are high net worth entities, and other persons to
whom it may lawfully be communicated, falling within Article 49(2)
of the Order (all such persons together being referred to as
"relevant persons"). Any investment or investment activity to which
this communication relates will only be available to and will only
be engaged in with, relevant persons. Any person who is not a
relevant person must not act or rely on this document or any of its
contents.
Forward-Looking Statements
This communication contains forward-looking statements that may
state Abengoa's or its management's intentions, beliefs,
expectations or predictions for the future. Such forward-looking
statements are subject to certain risks, uncertainties and
assumptions, and typically can be identified by the use of words
such as "will," "expect," "estimate," "anticipate," "forecast,"
"plan," "believe," and similar terms. Although Abengoa
believes that its expectations are reasonable, it can give no
assurance that these expectations will prove to have been correct,
and actual results may vary materially. Factors that could cause
actual results to differ materially from those contemplated above
include, among others, risks and uncertainties related to the
capital markets. Any forward looking information presented herein
is made only as of the date of this press release, and we do not
undertake any obligation to update or revise any forward-looking
information to reflect changes in assumptions, the occurrence of
unanticipated events, or otherwise.
Communication
Department:
Patricia Malo de
Molina Meléndez.
Tel: +34 954 93 71
11
E-mail:
communication@abengoa.com
|
Investor
relations
Bárbara Zubiría
Furest.
Tel: +34 954 937
111
E-mail:
ir@abengoa.com
|
SOURCE Abengoa