Report of Foreign Issuer (6-k)
20 Januar 2017 - 7:23PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
the month of January 2017
Commission
File Number 001-35591
GRAÑA Y MONTERO S.A.A.
|
(Exact name of registrant as specified in its charter)
|
|
GRAÑA Y MONTERO GROUP
|
(Translation of registrant’s name into English)
|
Republic of Peru
|
(Jurisdiction of incorporation or organization)
|
|
Avenida Paseo de la República 4667, Lima 34,
|
Surquillo, Lima
|
Peru
|
(Address of principal executive offices)
|
Indicate by
check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F:
Form 20-F
__X__ Form 40-F ______
Indicate by
check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by
check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by
check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.
Yes
______ No __X__
If "Yes" is
marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): Not applicable.
Lima, January 20, 2017
Messrs.,
Superintendencia del Mercado de Valores – SMV
Present. -
Reference: Southern Gas Pipeline Project
Dear Sirs:
In relation to the participation of our subsidiary Negocios de Gas S.A.
in the Gasoducto Sur Peruano S.A. ("GSP"), concessionaire of the project
"Improvement to the Energy Security of the Country and Development of
the Peruvian Southern Gas Pipeline" (the "Project"), we report as a
Relevant Information Communication the following:
-
In the last weeks, GSP has been working to accomplish the financial
closing of the Project;
-
As of today, we note that the financial closing of the Project will
not occur before January 23, 2017, the due date provided for such
effect in the GSP Concession Contract. Pursuant to this agreement, the
failure of GSP to comply with this obligation entitles the Grantor to
terminate the contract;
-
As communicated on November 25, 2016 as a Relevant Information
Communication, in the event of termination of the Concession Contract
for causes attributable to the Concessionaire, the Grantor shall carry
out a bidding process for the Concession, with GSP having the right to
receive the amount obtained from said auction, being the minimum
amount to receive 72.25% of the Net Book Value;
-
On the other hand, under the terms of the Concession Contract, the
termination of said agreement for the above-mentioned breach results
in the execution of a Performance Guarantee of such agreement, which
amounts to US$ 262,500,000 (two hundred sixty-two million five hundred
thousand dollars), of which Negocios de Gas S.A. is responsible for
20%. This amount is equivalent to US$ 52,500,000 (fifty-two-million
five hundred thousand dollars);
Management estimates that a significant percentage of the investment
made in GSP could be recovered within an estimated maximum term of 3
years.
Sincerely,
___________________________
/s/ Claudia Drago Morante
Stock
Market Representative
Graña y Montero S.A.A.
Pursuant to
the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
GRAÑA Y MONTERO S.A.A.
By: /s/ CLAUDIA DRAGO MORANTE
Name:
Claudia Drago Morante
Title: Stock Market Representative
Date:
January
20, 2017
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