OHLA - comment

The first €70m of the proposed €150m equity has arrived at OHLA, and the new investors now have board seats. The Amodio brothers are on the hook for €25m of the remaining equity (to be raised via a Rights Issue), but we still await confirmation of how a c€50m gap will be filled. A convertible bond could be a solution, but we expect the Amodio family to resist as this would dilute them further. The Rights Issue is expected to close in 25Q1.

https://www.cnmv.es/webservices/verdocumento/ver?t=%7be4e110c8-02fb-4846-9b3b-7fd851034624%7d

https://www.cnmv.es/webservices/verdocumento/ver?t=%7bfdea09ea-24b2-4e64-9131-16041bfbf2a1%7d