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UNITED STATES |
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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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SCHEDULE 13D |
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Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Abengoa Yield plc
(Name of Issuer)
Ordinary Shares, nominal value $0.10 per share
(Title of Class of Securities)
G00349103
(CUSIP Number)
Daniel Alaminos Echarri
Campus Palmas Altas
C/ Energía Solar
41014, Seville, Spain
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
September 28, 2015
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. x
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page
The information required on this cover page shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Act"), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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Shared Dispositive Power | ||||
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Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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* See Item 5 of this statement on Schedule 13D.
** Based on 100,217,260 ordinary shares in issue as set forth in the Issuers Registration Statement on Form F-3 (No. 333-205433) filed with the Securities and Exchange Commission on July 2, 2015.
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SEC Use Only | |||
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Citizenship or Place of Organization: | |||
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Shared Dispositive Power | ||||
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Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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* See Item 5 of this statement on Schedule 13D.
** Based on 100,217,260 ordinary shares in issue as set forth in the Issuers Registration Statement on Form F-3 (No. 333-205433) filed with the Securities and Exchange Commission on July 2, 2015.
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Citizenship or Place of Organization: | |||
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Shared Dispositive Power | ||||
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* See Item 5 of this statement on Schedule 13D.
** Based on 100,217,260 ordinary shares in issue as set forth in the Issuers Registration Statement on Form F-3 (No. 333-205433) filed with the Securities and Exchange Commission on July 2, 2015.
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Check the Appropriate Box if a Member of a Group: | |||
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SEC Use Only | |||
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Source of Funds: | |||
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e): o | |||
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Citizenship or Place of Organization: | |||
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Number of |
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Sole Voting Power | |||
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Shared Voting Power | ||||
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Sole Dispositive Power | ||||
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Shared Dispositive Power | ||||
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Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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Percent of Class Represented by Amount in Row (11): | |||
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Type of Reporting Person: | |||
* See Item 5 of this statement on Schedule 13D.
** Based on 100,217,260 ordinary shares in issue as set forth in the Issuers Registration Statement on Form F-3 (No. 333-205433) filed with the Securities and Exchange Commission on July 2, 2015.
This Amendment No. 3 (Amendment No. 3) amends the Statement on Schedule 13D filed on June 24, 2015 (the Original Schedule 13D), the Amendment No. 1 to the Original Schedule 13D filed on June 30, 2015 (Amendment No. 1) and the Amendment No. 2 to the Original Schedule 13D filed on July 13, 2015 (Amendment No. 2), together with the Original Schedule 13D, the Amendment No. 1 and this Amendment No. 3, the Schedule 13D) and is jointly filed by the Reporting Persons (as defined in the Original Schedule 13D) with respect to the ordinary shares of Abengoa Yield plc, nominal value of $0.10 per share (the Ordinary Shares). Unless otherwise indicated, each capitalized term used but not otherwise defined herein shall have the meaning ascribed to such term in the Original Schedule 13D. This Amendment No. 3 amends the Original Schedule 13D, Amendment No. 1 and Amendment No. 2 as specifically set forth herein.
This Amendment No. 3 is being filed by the Reporting Persons to report that, as of the date hereof, Abengoa has delivered an aggregate of 1,013,775 Ordinary Shares to certain holders of the 5.125% Exchangeable Notes due 2017 (the Exchangeable Notes) that have exchanged their Exchangeable Notes pursuant to the terms of the fiscal agency agreement dated March 5, 2015 between Abengoa and Citibank N.A., London Branch (the Exchangeable Settlement). As of the date of this Amendment No. 3, Abengoa expects to deliver an additional 884,585 Ordinary Shares on the applicable settlement dates to certain holders of the Exchangeable Notes that have delivered a notice to exchange.
Item 5. Interest in Securities of the Issuer.
As a result of the Exchangeable Settlement, Item 5 of the Schedule 13D is hereby amended and restated as follows:
(a) As of September 29, 2015, ACI is the direct beneficial owner of 48,139,527 Ordinary Shares and the Reporting Persons beneficially own 48.04% of the Ordinary Shares.
The following persons listed on Schedule A beneficially own the number of Ordinary Shares of the Issuer indicated: Santiago Seage Medela (20,000 Ordinary Shares), Ricardo Hausmann (280 Ordinary Shares), Jesus Garcia Quilez (3,900 Ordinary Shares) and Alfonso González Domińguez (4,690 Ordinary Shares).
(b) As of September 29, 2015, Abengoa, Abengoa Concessions and Abengoa Solar through their ownership of ACI, may be deemed to share voting and dispositive power over the 48,139,527 Ordinary Shares beneficially owned by ACI.
(c) Except for the Exchangeable Settlement, no Reporting Person has effected any transactions in the Ordinary Shares during the past sixty days. To the knowledge of the Reporting Persons, none of the directors and officers of the Reporting Persons listed in Schedule A to this Schedule 13D effected any transactions in the Ordinary Shares during the past sixty days.
(d) Other than the Reporting Persons, no person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Reporting Persons securities.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
Item 6 of the Schedule 13D is hereby amended by replacing the paragraphs under the headings Exchangeable Notes and Margin Loan Facility Agreement with the following:
Exchangeable Notes
On February 26, 2015, Abengoa sold an aggregate of $279,000,000 principal amount of 5.125% Exchangeable Notes due 2017 (the Exchangeable Notes). The Exchangeable Notes are exchangeable, at the option of the holders of the Exchangeable Notes, for Ordinary Shares that are beneficially owned by the Reporting Persons. The Exchangeable Notes were issued by Abengoa pursuant to a fiscal agency agreement dated March 5, 2015 between Abengoa and Citibank N.A., London Branch (the Fiscal Agency Agreement). As of the date hereof, Abengoa has delivered an aggregate of 1,013,775 Ordinary Shares to holders that exercised their option to exchange Exchangeable Notes. As of September 24, 2015, there were 5,948,595.50 Ordinary Shares subject to delivery to holders of the Exchangeable Notes upon exchange of the Exchangeable Notes.
Margin Loan Facility Agreement
On June 29, 2015, ACI entered into a Margin Loan Facility Agreement with Bank of America, London Branch (Bank of America), and related security documents (collectively, the Loan Documents), pursuant to which ACI is entitled to borrow up to $200,000,000 (the Loan Amount). Under the terms of the Loan Documents, ACI has pledged and granted a security interest in 16,561,817 Ordinary Shares of the Issuer (the Pledged Shares), in favor of Bank of America as security for the Loan Amount. The loan will mature 24 months following the utilization date, but upon the exercise of certain events that are customary for this type of loan, Bank of America may exercise its right to require ACI to pre-pay the Loan Amount, post additional collateral or foreclose on, and dispose of, the Pledged Shares in accordance with the Loan Documents
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: September 29, 2015
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ABENGOA, S.A. | ||
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By: |
/s/ Santiago Seage Medela | |
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Name: |
Santiago Seage Medela |
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Title: |
Chief Executive Officer |
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ABENGOA CONCESSIONS, S.L. | ||
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By: |
/s/ Santiago Seage Medela | |
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Name: |
Santiago Seage Medela |
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Title: |
Chairman of the Board |
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ABENGOA SOLAR, S.A. | ||
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By: |
/s/ Armando Zuluaga Zilberman | |
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Name: |
Armando Zuluaga Zilberman |
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Title: |
Chief Executive Officer |
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ABENGOA CONCESSIONS INVESTMENTS LIMITED | ||
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By: |
/s/ Santiago Seage Medela | |
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Name: |
Santiago Seage Medela |
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Title: |
President and Chief Executive Officer |
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Schedule A
INFORMATION REGARDING THE INSTRUCTION C PERSONS
The following sets forth the name, position, address, principal occupation and citizenship of each director and executive officer of the applicable Reporting Persons.
DIRECTORS OF ABENGOA, S.A.
Name |
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Principal Occupation or Employment |
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Business |
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Citizenship |
José Domínguez Abascal |
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Non-Executive Chairman of Abengoa, S.A. |
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(1) |
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Spain |
Santiago Seage Medela |
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CEO of Abengoa, S.A. |
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(1) |
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Spain |
Manuel Sánchez Ortega |
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First vice-chairman of Abengoa, S.A. |
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(1) |
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Spain |
Antonio Fornieles Melero |
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Second vice-chairman and lead independent director of Abengoa, S.A. |
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(1) |
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Spain |
José Joaquín Abaurre Llorente |
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Industrial Engineer. Director of Abengoa, S.A. |
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(1) |
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Spain |
José Luis Aya Abaurre |
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Technical Engineer in Agriculture. Director of Abengoa, S.A. |
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(1) |
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Spain |
José Borrell Fontellés |
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Professor of Introduction to Economic Analysis at Madrids Universidad Complutense |
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(1) |
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Spain |
Javier Benjumea Llorente |
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Executive director of Abengoa, S.A. Chairman of the International Advisory Board of Abengoa, S.A. |
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(1) |
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Spain |
Mercedes Gracia Díez, Director |
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Professor of Econometrics at Madrids Universidad Complutense and at Centro Universitario de Estudios Financieros |
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(1) |
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Spain |
Ricardo Martínez Rico |
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President and CEO of Equipo Económico |
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(1) |
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Spain |
Claudi Santiago Ponsa |
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Officer of First Reserve Corporation |
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(1) |
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Spain |
Ignacio Solís Guardiola |
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Regional Director for private banking of Lloyds Bank |
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(1) |
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Spain |
Fernando Solís Martínez-Campos |
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Director of Abengoa, S.A., Concesur and Cabimar |
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(1) |
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Spain |
Carlos Sundheim Losada |
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Industrial Engineer. Director of Abengoa, S.A. |
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(1) |
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Spain |
Alicia Velarde Valiente |
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Notary |
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(1) |
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Spain |
Ricardo Hausmann |
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Director of the Centre for International Development and a Professor at Harvard University |
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(1) |
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Venezuela |
EXECUTIVE OFFICERS OF ABENGOA, S.A.
Name |
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Principal Occupation or Employment |
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Business Address |
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Citizenship |
Santiago Seage Medela |
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Chief Executive Officer |
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(1) |
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Spain |
José Domínguez Abascal |
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Non-Executive Chairman |
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(1) |
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Spain |
Jesús Ángel García-Quilez Gómez |
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Chief Financial Officer |
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(1) |
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Spain |
Ignacio Garcia Alvear |
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Co-Chief Financial Officer, responsible for Investor Relations & Capital Markets |
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(1) |
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Spain |
Alfonso González Domínguez |
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Engineering and Construction and South America Executive VP |
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(1) |
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Spain |
Armando Zuluaga Zilbermann |
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Solar Executive VP |
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(1) |
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Spain |
Carlos Cosín Fernández |
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Water Executive VP |
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(1) |
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Spain |
Álvaro Polo Guerrero |
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Human Resources Director |
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(1) |
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Spain |
Luis Fernández Mateo |
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Director of Organization, Quality and Budgets |
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(1) |
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Spain |
Juan Carlos Jiménez Lora |
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Director of Planning and Control |
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(1) |
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Spain |
Germán Bejarano García |
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Assistant CEO, International Institutional Relations Director |
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(1) |
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Spain |
Daniel Alaminos Echarri |
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General Secretary |
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(1) |
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Spain |
Luis Enrique Pizarro Maqueda |
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Chief Audit Officer |
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(1) |
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Spain |
Enrique Borrajo Lovera |
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Consolidation and Reporting Officer |
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(1) |
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Spain |
Miguel Ángel Jiménez-Velasco Mazarío |
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Compliance Officer |
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(1) |
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Spain |
Enrique Aroca Moreno |
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Chief Information Officer |
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(1) |
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Spain |
Manuel Doblaré Castellano |
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Abengoa Research General Director |
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(1) |
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Spain |
Antonio Vallespir |
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Biofuels Executive VP |
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(1) |
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Spain |
(1) Campus Palmas Altas, Calle Energía Solar, No. 1, 41014 Seville, Spain.
ABENGOA SOLAR, S.A.
DIRECTORS AND EXECUTIVE OFFICERS
Name |
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Principal Occupation or Employment |
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Business Address |
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Citizenship |
Javier Benjumea Llorente |
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Executive director of Abengoa, S.A. |
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(1) |
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Spain |
Armando Zuluaga Zilbermann |
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Solar Executive VP, Abengoa, S.A. |
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(1) |
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Spain |
Guadalupe Sundheim Losada |
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Director of Abengoa Solar, S.A. |
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(1) |
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Spain |
Fernando de las Cuevas Terán |
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General Counsel of Abengoa Solar, S.A. |
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(1) |
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Spain |
Javier Albarracín |
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CFO of Abengoa Solar, S.A. |
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(1) |
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Spain |
David Fernández |
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COO of Abengoa Solar, S.A. |
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(1) |
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Spain |
(1) Campus Palmas Altas, Calle Energía Solar, No. 1, 41014 Seville, Spain.
ABENGOA CONCESSIONS, S.L.
DIRECTORS AND EXECUTIVE OFFICERS
Name |
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Principal Occupation or Employment |
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Business Address |
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Citizenship |
Santiago Seage Medela |
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CEO of Abengoa, S.A. |
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(1) |
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Spain |
Jesús Ángel Garcia-Quílez |
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CFO of Abengoa, S.A. |
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(1) |
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Spain |
Director and Chief Financial Officer |
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Daniel Alaminos Echarri |
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General Secretary of Abengoa, S.A. |
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(1) |
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Spain |
Director and General Counsel |
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(1) Campus Palmas Altas, Calle Energía Solar, No. 1, 41014 Seville, Spain.
ABENGOA CONCESSIONS INVESTMENTS LIMITED
DIRECTORS AND EXECUTIVE OFFICERS
Name |
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Principal Occupation or Employment |
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Business Address |
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Citizenship |
Santiago Seage Medela |
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CEO, Abengoa, S.A. |
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(1) |
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Spain |
Jesús Ángel Garcia-Quílez |
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Chief Financial Officer, Abengoa, S.A. |
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(1) |
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Spain |
Juan Carlos Jiménez Lora |
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Director of Planning and Control, Abengoa, S.A. |
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(1) |
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Spain |
(1) Campus Palmas Altas, Calle Energía Solar, No. 1, 41014 Seville, Spain.