Notice of Termination of a Foreign Private Issuer's Registration of a Class of Securities Under Section 12(b) (15f-12b)
April 29 2016 - 7:19AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 15F
CERTIFICATION OF A FOREIGN PRIVATE ISSUERS TERMINATION OF
REGISTRATION OF A CLASS OF SECURITIES UNDER SECTION 12(g) OF
THE SECURITIES EXCHANGE ACT OF 1934 OR ITS TERMINATION OF THE
DUTY TO FILE REPORTS UNDER SECTIONS 13(a) OR SECTION 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Commission File Numbers:
001-36125
ABENGOA, S.A.
(Exact name of registrant as specified in its charter)
Campus Palmas Altas, C/ Energía Solar 1, 41014, Seville, Spain
+34 954 93 71 11
(Address, including zip code, and telephone number, including area code, of registrants principal executive offices)
Class B Shares, par value 0.01 per share
American Depositary Shares, each representing five Class B Shares
(Title of each class of securities covered by this Form)
Please place an X in the appropriate box(es) to indicate the provision(s) relied upon to terminate the duty to file reports under the Securities Exchange Act of 1934:
Rule 12h-6(a)
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Rule 12h-6(d)
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(for equity securities)
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(for successor registrants)
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Rule 12h-6(c)
o
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Rule 12h-6(i)
o
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(for debt securities)
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(for prior Form 15 filers)
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PART I
Items 1. Exchange Act Reporting History
A.
Abengoa, S.A. (the Company) first incurred the duty to file reports under section 13(a) or section 15(d) of the Securities Exchange Act of 1934, as amended (the Exchange Act), on October 17, 2013 when (i) the Companys registration statement on Form F-1 in connection with the Companys initial public offering (the IPO) of its Class B shares, par value 0.01 per share (the Class B Shares), including in the form of American Depositary Shares (the ADSs), became effective under the Securities Act of 1933, as amended (the Securities Act), and (ii) the Companys registration statement on Form 8-A registering the Class B Shares and the ADSs in connection with their listing on the NASDAQ Stock Market. The Company filed its first annual report on Form 20-F on March 19, 2014.
B.
The Company has filed or submitted all reports required under section 13(a) and 15(d) of the Exchange Act and corresponding Commission rules for the 12 months preceding the filing of this Form and has filed at least one annual report under section 13(a).
Item 2. Recent United States Market Activity
The Companys securities were last sold in the United States in a registered offering under the Securities Act of 1933 (the Securities Act) on October 17, 2013 in connection with the IPO.
Item 3. Foreign Listing and Primary Trading Market
A.
The Company has maintained a listing of its Class B Shares on the Madrid and Barcelona Stock Exchanges (the Spanish Exchanges), which are located in the jurisdiction of the Kingdom of Spain. The Spanish Exchanges constitute the primary trading market for Class B Shares.
B.
The Companys Class B Shares have been listed on the Spanish Exchanges since October 25, 2012. The Company has maintained a listing of its Class B Shares on the Spanish Exchanges for at least the 12 months preceding the filing of this Form.
C.
During the 12-month period beginning April 1, 2015 and ending March 31, 2016 , 98.3%of trading in the Companys Class B Shares occurred on the Spanish Exchanges.
Item 4. Comparative Trading Volume Data
A.
The recent 12-month period used to meet the requirements of Rule 12h-6(a)(4)(i) is April 1, 2015 to March 31, 2016.
B.
The average daily trading volume (ADTV) of the Class B Shares in the United States and on a worldwide basis for the period described in Item 4.A was 557,789 shares and 26,011,737 shares, respectively.
C.
The ADTV of the Class B Shares in the United States as a percentage of the ADTV of the Class B Shares on a worldwide basis for the period described in Item 4.A was 2.1%.
D.
The Company filed a Form 25 to voluntarily withdraw the Class B Shares and ADSs from listing on the NASDAQ Stock Market and deregister the Class B Shares and ADSs from section 12(b) of the Exchange Act on April 18, 2016 and that delisting became effective as of April 28, 2016. As of April 28, 2016, the ADTV of the Class B Shares in the United States as a percentage of the ADTV for the Class B Shares on a worldwide basis for the preceding 12-month period was 2.0%.
E.
The Company terminated its sponsored American depositary receipt facility regarding its Class B Shares on April 12, 2016 in accordance with the terms of the Deposit Agreement dated as of October 16, 2013 between the
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Company and Citibank, N.A., as depositary. As of April 12, 2016, the ADTV of the Class B Shares in the United States as a percentage of the ADTV of the Class B Shares on a worldwide basis for the preceding 12-month period was 2.0%.
F.
The Company used the sources for trading volume information that it viewed as most likely to have reliable information to determine whether it meets the requirements of Rule 12h-6. The Company obtained trading volume information with respect to trading on the Spanish Exchanges from the Spanish Exchanges and Bloomberg, L.P. and trading in the United States from Bloomberg, L.P.
Item 5. Alternate Record Holder Information
Not applicable
Item 6. Debt Securities
Not applicable
Item 7. Notice Requirement
A.
As required by Rule 12h-6(h), the Company is concurrently publishing with the filing of this Form 15F a notice disclosing its intent to terminate its duty to file reports under Section 13(a) or Section 15(d) of the Exchange Act or both.
B.
This notice was disseminated by Bloomberg and Reuters, which are among the media services the Company typically uses to publish its press releases in the United States. A copy of the notice is attached as Exhibit 99.1 to this Form 15F. Additionally, the notice will be posted on the Companys website.
Item 8. Prior Form 15 Filers
Not applicable.
PART II
Item 9. Rule 12g3-2(b) Exemption
Not applicable.
PART III
Item 10. Exhibits
Exhibit
No.
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Description
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99.1
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Press release dated April 29, 2016 (as referred to in Item 7 of this Form 15F)
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Item 11. Undertakings
The undersigned issuer hereby undertakes to withdraw this Form 15F if, at any time before the effectiveness of its termination of reporting under Rule 12h-6, it has actual knowledge of information that causes it reasonably to believe that, at the time of
filing the Form 15F:
(1) The average daily trading volume of its subject class of securities in the United States exceeded 5 percent of the average daily trading volume of that class of securities on a worldwide basis for the same recent 12-month period that the issuer used for purposes of Rule 12h-6(a)(4)(i);
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(2) Its subject class of securities was held of record by 300 or more United States residents or 300 or more persons worldwide, if proceeding under Rule 12h-6(a)(4)(ii) or Rule 12h-6(c); or
(3) It otherwise did not qualify for termination of its Exchange Act reporting obligations under Rule 12h-6.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, Abengoa, S.A. has duly authorized the undersigned person to sign on its behalf this certification on Form 15F. In so doing, Abengoa, S.A. certifies that, as represented on this Form, it has complied with all of the conditions set forth in Rule 12h-6 for terminating its registration under section 12(g) of the Exchange Act, or its duty to file reports under section 13(a) or section 15(d) of the Exchange Act, or both.
Date: April 29, 2016
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ABENGOA, S.A.
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By:
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/s/ Joaquín Fernández de Pierola
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Name: Joaquín Fernández de Pierola
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Title: Chief Executive Officer
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