Following the decision of shareholders at the 26 August 2013 Extraordinary General Meeting (“EGM”), Brisa paid a dividend of €381m (€0.69 per share) on 4 September 2013. This distribution was funded using part of the cash reserves on Brisa’s holding company balance sheet.
A €500m bond issued by Brisa ‐ Concessão Rodoviária, S.A. (“BCR”) that matured on 26 September 2013 has been repaid. The repayment was funded by a mix of sources including cash on BCR’s balance sheet.
This information note (“Note”) has been prepared by Arcus European Investment Manager LLP (“Arcus”) for use solely for information purposes. Arcus makes no representations or warranties to the accuracy or completeness of any past, simulated or estimated performance results contain herein, and further nothing contained herein shall be relied upon as a promise by, or representation by, Arcus whether as to past or future performance results.