WASHINGTON, June 12, 2014 /PRNewswire/ -- Abengoa (MCE:
ABG.B/P SM /NASDAQ: ABGB), today announced that its wholly-owned
subsidiary, Abengoa Yield plc (NASDAQ: ABY), ("Abengoa Yield"), has
priced an initial public offering of 24,850,000 of its ordinary
shares at a price of $29 per share
for total gross proceeds of approximately $720 million. The underwriters of the offering
have a 30-day option to purchase up to an additional 3,727,500
ordinary shares from an affiliate of Abengoa, S.A. The offering is
scheduled to close on June 18, 2014,
subject to customary closing conditions.
The shares are expected to begin trading on the NASDAQ Global
Select Market under the symbol "ABY" on June
13, 2014.
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
and South America, as well as
Europe.
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 has been made only by means of a prospectus. 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 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 Melendez. Tel: +34 954
93 71 11 E-mail:
communication@abengoa.com
|
Investor
relations Barbara Zubiria
Furest. Tel: +34 954 937
111 E-mail:
ir@abengoa.com
|
SOURCE Abengoa