The Graña y Montero Group (NYSE:GRAM) (BVL:GRAMONC1) today successfully concluded the capital increase approved by the General Shareholders' Meeting on November 6, 2018, by completing the subscription of 211,864,065 new common shares at a price of US $ 0.6136 per share.

The Company had a mandate from the Shareholders' Meeting to place a capital increase of up to US $ 130 million. Today, we announce with great satisfaction, that we placed the full amount, achieving in the last stage of the process an over subscription of around US $ 35 million dollars.

The placement occurred in two stages: on December 26, two preferred subscription rounds concluded, in which 69,380,402 common shares were subscribed and fully paid at a price per share of US $ 0.6136. Subsequently, in the private offer completed today, 142,483,663 common shares of the company were fully subscribed, of which 55,291,877 were paid in full and 87,191,786 shares were paid by 50%, both at a price per share of US $ 0.6136.

The funds raised in the capital increase process will serve to amortize the balance of Graña y Montero S.A.A.’s structural debt, place working capital into GyM S.A. and honor outstanding payment commitments with many of our suppliers.

Luis Diaz Olivero, Grupo Graña y Montero’s Corporate General Manager, highlighted this milestone as key for the future, as it lays a healthy foundation for growth. "We are pleased to meet this goal, as it reflects the confidence placed in the organization and its future," he said.

Paola Pastor AragónHead of Investor Relations(511) 213-6573paola.pastor@gym.com.perelacion.inversionistas@gym.com.pehttp://investorrelations.granaymontero.com.pe/

Grana y Montero SAA (NYSE:GRAM)
Gráfica de Acción Histórica
De Oct 2024 a Nov 2024 Haga Click aquí para más Gráficas Grana y Montero SAA.
Grana y Montero SAA (NYSE:GRAM)
Gráfica de Acción Histórica
De Nov 2023 a Nov 2024 Haga Click aquí para más Gráficas Grana y Montero SAA.