Obrascón Huarte Lain, S.A. Announces Board Changes
June 05, 2020 at 02:00 am EDT
Share
Obrascón Huarte Lain, S.A. announced that, as a result of Forjar Capital, S.L. and Solid Rock Capital, S.L. (the "New Sahreholders") entering into the share capital of the Company pursuant to their acquisition of shares representing 16,00% of the share capital from Grupo Villar Mir, S.A.U. ("GVM"), which was disclosed to the market through a communication of inside information (comunicación de información privilegiada) on 21 May 2020 with number 252, the Board of Directors in its meeting held on the date hereof: acknowledged Mr. Manuel Garrido Ruano's resignation as proprietary director (consejero dominical) in representation of GVM and, consequently, as member of the Audit and Compliance Committee effective from the date hereof. The Company would like to express its gratitude for the services provided to Mr. Manuel Garrido Ruano and its appreciation for his dedication to the Company; agreed, further to the report from the Appointments and Remunerations Committee, the appointment by co-option, proposed by Forjar Capital, S.L., of Mr. Luis Fernando Martín Amodio Herrera as member of the Board of Directors in the category of proprietary director (consejero dominical). Mr. Luis Fernando Martín Amodio Herrera has accepted the appointment; and agreed, further to the report from the Appointments and Remunerations Committee, the appointment by co-option, proposed by Solid Rock Capital S.L., of Mr. Julio Mauricio Martín Amodio Herrera as member of the Board of Directors in the category of proprietary director (consejero dominical). Mr. Julio Mauricio Martín Amodio Herrera has accepted the appointment. The appointment of the new members of the Board of Directors will be submitted for ratification at the next General Shareholders Meeting that is held after the General Shareholders Meeting convened for 12 June 2020, at first call and 15 June 2020, at second call. As a consequence of the above changes to the Board of Directors, Ms. Reyes Calderón Cuadrado has been appointed as a member of the Audit and Compliance Committee. Ms. Reyes Calderón Cuadrado has accepted the appointment.
Obrascon Huarte Lain SA (OHL) is a Spain-based company engaged in the construction and engineering sectors. Its activities are structured into three segments: Concessions, Engineering and construction, as well as Development. The Concessions division focuses on the promotion, development and management of a range of transportation infrastructure, such as highways, railways, airports and ports. The Engineering and construction division comprises three business lines: Construction, which is responsible for building civil infrastructure; Industrial, which is involved in the construction, maintenance and operation of industrial plants, and Services, which includes cleaning and maintenance of buildings and public roads, waste management and green area conservation. The Development division promotes and manages tourist resorts and commercial centers. The Company, through its subsidiaries, is present in the Americas, Europe, Asia, Africa and Oceania. It is controlled by Grupo Villar Mir SAU.
OBRASCÓN HUARTE LAIN, S.A. 
