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On 27 November 2014, the FCC Board of
Directors approved a resolution for a capi-
tal increase for the sum of 1 billion euros,
equivalent to 133,269,083 new shares at
a subscription price f 7.5 euros per share.
Shareholders had previously approved the
proposed capital increase at the Annual
General Meeting held on 20 November in
Barcelona.
The approval by the Group’s highest go-
vernance body took place after B1998, the
company through which Esther Koplowitz
controls a 50.02% stake in FCC, announ-
ced the agreement entered into with Con-
trol Empresarial de Capitales SA de CV,
controlled by the family of the Mexican bu-
sinessman Carlos Slim, for the sale of its
preemptive rights in the aforementioned
capital increase, equivalent to 50% of such
increase.
Less than three weeks later, on 18 De-
cember, the FCC capital increase was
completed with the full subscription of the
133,269,083 shares placed on the market
for the actual amount of 999,518,122 eu-
ros. Demand was 9.2 times greater than
the amount of shares on offer. Accordingly,
FCC declared that the capital increase had
been fully subscribed.
During the pre-emptive subscription period,
closed on 13 December, 1,228,069,553
shares were requested, representing de-
mand at 9.2 times the amount of shares on
Successful culmination of the FCC
capital increase
offer. Since the number of additional shares
requested was greater than the 423,077
available for allocation, these shares were
apportioned accordingly. The apportion-
ment meant that each applicant was allo-
cated 0.034% of the requested shares. The
new shares are expected to be listed on
the stock exchange markets on Monday 22
December.