UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 


 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 5)*

 

Abengoa Yield plc

(Name of Issuer)

 

Ordinary Shares, nominal value $0.10 per share

(Title of Class of Securities)

 

G00349103

(CUSIP Number)

 

José Domínguez Abascal

Campus Palmas Altas

C/ Energía Solar

41014, Seville, Spain

(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)

 

December 9, 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).

 



 

 

1

Names of Reporting Persons:
Abengoa Concessions Investments Limited

 

 

2

Check the Appropriate Box if a Member of a Group:

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds:
AF

 

 

5

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e):     o

 

 

6

Citizenship or Place of Organization:
England and Wales

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
43,279,832*

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
43,279,832*

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
43,279,832*

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:   o

 

 

13

Percent of Class Represented by Amount in Row (11):
43.19%**

 

 

14

Type of Reporting Person:
CO

 


* See Item 5 of this statement on Schedule 13D.

** Based on 100,217,260 ordinary shares in issue as of September 30, 2015 as set forth in the Issuer’s Report on Form 6-K (No. 001-36487) filed with the Securities and Exchange Commission on November 6, 2015.

 

2



 

 

1

Names of Reporting Persons:
Abengoa Concessions, S.L.

 

 

2

Check the Appropriate Box if a Member of a Group:

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds:
AF

 

 

5

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e):     o

 

 

6

Citizenship or Place of Organization:
Kingdom of Spain

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
43,279,832*

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
43,279,832*

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
43,279,832*

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:   o

 

 

13

Percent of Class Represented by Amount in Row (11):
43.19%**

 

 

14

Type of Reporting Person:
CO, HC

 


* See Item 5 of this statement on Schedule 13D.

** Based on 100,217,260 ordinary shares in issue as of September 30, 2015 as set forth in the Issuer’s Report on Form 6-K (No. 001-36487) filed with the Securities and Exchange Commission on November 6, 2015.

 

3



 

 

1

Names of Reporting Persons:
Abengoa Solar, S.A.

 

 

2

Check the Appropriate Box if a Member of a Group:

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds:
AF

 

 

5

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e):     o

 

 

6

Citizenship or Place of Organization:
Kingdom of Spain

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
43,279,832*

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
43,279,832*

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
43,279,832*

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:   o

 

 

13

Percent of Class Represented by Amount in Row (11):
43.19%**

 

 

14

Type of Reporting Person:
CO, HC

 


* See Item 5 of this statement on Schedule 13D.

** Based on 100,217,260 ordinary shares in issue as of September 30, 2015 as set forth in the Issuer’s Report on Form 6-K (No. 001-36487) filed with the Securities and Exchange Commission on November 6, 2015.

 

4



 

 

1

Names of Reporting Persons:
Abengoa, S.A.

 

 

2

Check the Appropriate Box if a Member of a Group:

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds:
WC

 

 

5

Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e):     o

 

 

6

Citizenship or Place of Organization:
Kingdom of Spain

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
43,279,832*

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
43,279,832*

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
43,279,832*

 

 

12

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:   o

 

 

13

Percent of Class Represented by Amount in Row (11):
43.19%**

 

 

14

Type of Reporting Person:
CO, HC

 


* See Item 5 of this statement on Schedule 13D.

** Based on 100,217,260 ordinary shares in issue as of September 30, 2015 as set forth in the Issuer’s Report on Form 6-K (No. 001-36487) filed with the Securities and Exchange Commission on November 6, 2015.

 

5



 

This Amendment No. 5 (“Amendment No. 5”) 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”), the Amendment No. 2 to the Original Schedule 13D filed on July 13, 2015 (“Amendment No. 2”), the Amendment No. 3 to the Original Schedule 13D filed on September 29, 2015 (“Amendment No. 3”) and the Amendment No. 4 to the Original Schedule 13D filed on October 29, 2015 (together with the Original Schedule 13D, Amendment No. 1, Amendment No. 2, Amendment No. 3 and this Amendment No. 5, 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. 5 amends the Original Schedule 13D, Amendment No. 1, Amendment No. 2, Amendment No. 3 and Amendment No. 4 as specifically set forth herein.

 

This Amendment No. 5 is being filed by the Reporting Persons to report that, as of the date hereof, Abengoa has delivered an aggregate of 5,873,470 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. 5, Abengoa expects to deliver an additional 407,649 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 December 14, 2015, ACI is the direct beneficial owner of 43,279,832 Ordinary Shares and the Reporting Persons beneficially own 43.19% of the Ordinary Shares.

 

The following persons listed on Schedule A beneficially own the number of Ordinary Shares of the Issuer indicated: Ricardo Hausmann (280 Ordinary Shares), Jesus Garcia Quilez (3,900 Ordinary Shares) and Alfonso González Domińguez (4,690 Ordinary Shares).

 

(b)    As of December 14, 2015, Abengoa, Abengoa Concessions and Abengoa Solar through their ownership of ACI, may be deemed to share voting and dispositive power over the 43,279,832 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 5,873,470 Ordinary Shares to holders that exercised their option to exchange Exchangeable Notes and Abengoa expects to deliver an additional 407,649 Ordinary Shares on the applicable settlement dates to certain holders of the Exchangeable Notes that have delivered a notice to exchange. As of December 14, 2015, there were 1,201,559.74 Ordinary Shares subject to delivery to holders of the Exchangeable Notes upon exchange of the outstanding Exchangeable Notes.

 

Secured Term Facility Agreement

 

On October 22, 2015, ACI entered into a Secured Term Facility Agreement (the “Facility Agreement”) with Talos Capital Limited (the “Lender”), pursuant to which it is required to enter into related security documents (collectively, the “Loan Documents”). ACI is entitled to borrow up to $130,000,000 (the “Loan Amount”) under the Facility Agreement. Under the terms of the Loan Documents, ACI has pledged and granted a security interest in 14,000,000 Ordinary Shares of the Issuer (the “Pledged Shares”), in favor of the Lender as security for the Loan Amount and its obligations under the Loan Documents. The loan will mature 24 months following the date of the Facility Agreement, but upon the exercise of certain events that are customary for this type of loan, the Lender may exercise its right to require ACI to repay all or part of the Loan Amount, post additional collateral or foreclose on, and dispose of, the Pledged Shares in accordance with the Loan Documents.

 

6



 

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: December 14, 2015

 

 

ABENGOA, S.A.

 

 

 

 

 

By:

/s/ José Dominguez Abascal

 

 

Name: José Dominguez Abascal

 

 

Title: Executive Chairman

 

 

 

ABENGOA CONCESSIONS, S.L.

 

 

 

 

 

By:

/s/ Joaquin Fernandez de Piérola

 

 

Name: Joaquin Fernandez de Piérola

 

 

Title: Chairman

 

 

 

ABENGOA SOLAR, S.A.

 

 

 

 

 

By:

/s/ Armando Zuluaga Zilberman

 

 

Name:  Armando Zuluaga Zilberman

 

 

Title:  Chief Executive Officer

 

 

 

ABENGOA CONCESSIONS INVESTMENTS LIMITED

 

 

 

 

 

By:

/s/ Joaquin Fernandez de Piérola

 

 

Name: Joaquin Fernandez de Piérola

 

 

Title: Chairman

 

7



 

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

 

Principal Occupation or Employment

 

Business
Address

 

Citizenship

José Domínguez Abascal

 

Executive Chairman of Abengoa, S.A.

 

(1)

 

Spain

Antonio Fornieles Melero

 

Vice chairman and lead independent director of Abengoa, S.A.

 

(1)

 

Spain

Joaquín Fernández de Piérola Marín

 

Director of Abengoa, S.A.

 

(1)

 

Spain

Javier Benjumea Llorente

 

Director of Abengoa, S.A. Chairman of the International Advisory Board of Abengoa, S.A.

 

(1)

 

Spain

José Joaquín Abaurre Llorente

 

Industrial Engineer. Director of Abengoa, S.A.

 

(1)

 

Spain

José Luis Aya Abaurre

 

Technical Engineer in Agriculture. Director of Abengoa, S.A.

 

(1)

 

Spain

José Borrell Fontellés

 

Professor of Introduction to Economic Analysis at Madrid’s Universidad Complutense

 

(1)

 

Spain

Mercedes Gracia Díez

 

Professor of Econometrics at Madrid’s Universidad Complutense and at Centro Universitario de Estudios Financieros

 

(1)

 

Spain

Ricardo Martínez Rico

 

President and CEO of Equipo Económico

 

(1)

 

Spain

Claudi Santiago Ponsa

 

Officer of First Reserve Corporation

 

(1)

 

Spain

Ignacio Solís Guardiola

 

Regional Director for private banking of Lloyds Bank

 

(1)

 

Spain

Alicia Velarde Valiente

 

Notary

 

(1)

 

Spain

Ricardo Hausmann

 

Director of the Centre for International Development and a Professor at Harvard University

 

(1)

 

Venezuela

 

EXECUTIVE OFFICERS OF ABENGOA, S.A.

 

Name

 

Principal Occupation or Employment

 

Business
Address

 

Citizenship

José Domínguez Abascal

 

Executive Chairman

 

(1)

 

Spain

Joaquín Fernández de Piérola Marín

 

Director of Abengoa, S.A.

 

(1)

 

Spain

Jesús Ángel García-Quilez Gómez

 

Chief Financial Officer

 

(1)

 

Spain

Ignacio Garcia Alvear

 

Co-Chief Financial Officer, responsible for Investor Relations & Capital Markets

 

(1)

 

Spain

Alfonso González Domínguez

 

Engineering and Construction and South America Executive VP

 

(1)

 

Spain

Armando Zuluaga Zilbermann

 

Solar Executive VP

 

(1)

 

Spain

Carlos Cosín Fernández

 

Water Executive VP

 

(1)

 

Spain

Álvaro Polo Guerrero

 

Human Resources Director

 

(1)

 

Spain

Luis Fernández Mateo

 

Director of Organization, Quality and Budgets

 

(1)

 

Spain

Juan Carlos Jiménez Lora

 

Director of Planning and Control

 

(1)

 

Spain

Germán Bejarano García

 

Assistant CEO, International Institutional Relations Director

 

(1)

 

Spain

Daniel Alaminos Echarri

 

General Secretary

 

(1)

 

Spain

Luis Enrique Pizarro Maqueda

 

Chief Audit Officer

 

(1)

 

Spain

Enrique Borrajo Lovera

 

Consolidation and Reporting Officer

 

(1)

 

Spain

Miguel Ángel Jiménez-Velasco Mazarío

 

Compliance Officer

 

(1)

 

Spain

Enrique Aroca Moreno

 

Chief Information Officer

 

(1)

 

Spain

Manuel Doblaré Castellano

 

Abengoa Research General Director

 

(1)

 

Spain

Antonio Vallespir

 

Biofuels Executive VP

 

(1)

 

Spain

 


(1)         Campus Palmas Altas, Calle Energía Solar, No. 1, 41014 Seville, Spain.

 

8



 

ABENGOA SOLAR, S.A.

 

DIRECTORS AND EXECUTIVE OFFICERS

 

Name

 

Principal Occupation or Employment

 

Business
Address

 

Citizenship

Armando Zuluaga Zilbermann
Director and Chief Executive Officer

 

Solar Executive VP, Abengoa, S.A.
CEO of Abengoa Solar, S.A.

 

(1)

 

Spain

Javier Benjumea Llorente
Director

 

Director of Abengoa, S.A.

 

(1)

 

Spain

Fernando de las Cuevas Terán
Secretary to the Board and General Counsel

 

General Counsel of Abengoa Solar, S.A.

 

(1)

 

Spain

Javier Albarracín
Chief Financial Officer

 

CFO of Abengoa Solar, S.A.

 

(1)

 

Spain

David Fernández
Chief Operating Officer

 

COO of Abengoa Solar, S.A.

 

(1)

 

Spain

 


(1)         Campus Palmas Altas, Calle Energía Solar, No. 1, 41014 Seville, Spain.

 

ABENGOA CONCESSIONS, S.L.

 

DIRECTORS AND EXECUTIVE OFFICERS

 

Name

 

Principal Occupation or Employment

 

Business
Address

 

Citizenship

Joaquin Fernandez de Piérola
Chairman

 

Director of Abengoa, S.A.

 

(1)

 

Spain

Jesús Ángel Garcia-Quílez
Member

 

Chief Financial Officer, Abengoa, S.A.

 

(1)

 

Spain

Daniel Alaminos Echarri
Secretary

 

General Secretary, Abengoa, S.A.

 

(1)

 

Spain

 


(1)         Campus Palmas Altas, Calle Energía Solar, No. 1, 41014 Seville, Spain.

 

ABENGOA CONCESSIONS INVESTMENTS LIMITED

 

DIRECTORS AND EXECUTIVE OFFICERS

 

Name

 

Principal Occupation or Employment

 

Business
Address

 

Citizenship

Joaquin Fernandez de Piérola
Chairman

 

Director of Abengoa, S.A.

 

(1)

 

Spain

Jesús Ángel Garcia-Quílez
Member

 

Chief Financial Officer, Abengoa, S.A.

 

(1)

 

Spain

Juan Carlos Jiménez Lora
Secretary

 

Director of Planning and Control, Abengoa, S.A.

 

(1)

 

Spain

 


(1)         Campus Palmas Altas, Calle Energía Solar, No. 1, 41014 Seville, Spain.

 

9