MATERIAL INFORMATION | Porto | February 12, 2014
Soares da Costa Group informs on the Conclusion of
the Capitalization Operation of the Construction
Business Area
Grupo Soares da Costa, SGPS, S.A. (public company) informs that was concluded today
the capitalisation operation of the Construction area announced to the market on
August 13 and November 26, 2013, under the terms of the releases published on those
dates.
So, today was held a general meeting of shareholders of Soares da Costa Construção,
SGPS, SA, a company up until today fully owned by Grupo Soares da Costa SGPS, SA, in
which the following decisions were taken:
a)
Capital Increase of EUR 20 335 895.42 (twenty million three hundred and thirty five
thousand eight hundred ninety five Euros and forty two cents) to EUR 90 335
895.42 Euros (ninety million three hundred and thirty five thousand eight hundred
and ninety and five Euros and forty two cents), by contribution in cash in the
amount of EUR 70 000 000.00 (seventy million Euros), fully subscribed and paid for
by the Luxembourg company, GAM Holdings, following which this entity holds a
66.7% stake in Soares da Costa Construção, SGPS, SA and Grupo Soares da Costa
SGPS SA the remaining 33.3%.
b)
Approval of new Bylaws of Soares da Costa Construção, SGPS, SA, in accordance
with the terms of the Shareholder Agreement described in the above mentioned
releases.
c)
Recomposing of the Board of Directors of Soares da Costa Construção, SGPS, SA,
which, until the end of the current term (2013-2015), will have the following
structure:

António Mosquito, Chairman of the Board of Directors;

António Gomes Mota, Vice-Chairman of the Board of Directors;

António Castro Henriques, Member of the Board of Directors;

Jorge Grade Mendes, Member of the Board of Directors;

Miguel Raposo Alves, Member of the Board of Directors;

Paulo da Conceição Marques, Member of the Board of Directors; and

Roberto Pereira Pisoeiro, Member of the Board of Directors.
António Castro Henriques will be Chief Executive Officer (CEO). Will also enrol the
executive committee Jorge Grade Mendes (COO) and Miguel Raposo Alves, as CFO.
Roberto Pereira Pisoeiro will be CEO of the Angolan operations.
On this date initiates the Strategic Partnership and the Shareholder Agreement between
Grupo Soares da Costa SGPS, SA and GAM Holdings, referred in same releases.
The Board of Directors of Grupo Soares da Costa SGPS SA reaffirms its commitment to
the financial restructuring of Grupo Soares da Costa and again underlines the particular
importance of this capitalization operation in this context, as it allows the mitigation of
the financial constraints to which the construction business area is exposed.
Grupo Soares da Costa, S.G.P.S., S.A.
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