David Vaamonde Juanatey resigns as proprietary director due to the decrease in the fund's capital

The Oceanwood fund has increased the number of shares it seeks to sell in Unicaja Banco to 187.5 million, at a rate of one euro per title, after making the decision on Monday to partially leave the entity through an accelerated placement process titles, as reported this Tuesday in a statement.

This amount represents approximately 7.06% of the share capital of Unicaja Banco, while the total amount of the offer has risen to a total of 187.5 million euros.

For its part, the shares of Unicaja Banco plummeted on the Ibex 35 by close to 6% around 9:30 a.m., to 0.99 euros per share.

Following the completion of the offer, according to the information submitted, Oceanwood holds approximately 9.3 million common shares of the entity, representing approximately 0.35% of its share capital.

As a result of the offer, the member of the board of directors of the company appointed by Oceanwood, David Vaamonde Juanatey, has submitted his resignation as proprietary director, motivated by the reduction of the shareholding of Oceanwood Capital in Unicaja Banco.

To explore this sale, Oceanwood has hired Bank of America and Citigroup as placement entities, while the settlement of the operation is expected to take place on August 4.