OCI N.V.
Below you will find information from the register publication of inside information. The information has been provided by the organisation.
Registration date
05 mar 2015 - 13:30
Statutory name
OCI N.V.
Title
OCI N.V. Confirms Demerger Record Date as Close of Trading on 6 March 2015
Comments
On 16 February 2015, OCI N.V. (Euronext: OCI) announced the formal commencement of proceedings to effect a demerger of the company’s engineering and construction business from its fertilizer and chemicals business (the Demerger). The demerged construction business will be called Orascom Construction Limited (OC or Orascom Construction) (ISIN: AEDFXA14NUL7) and will be dually listed on NASDAQ Dubai and the Egyptian Exchange (the EGX) as a global engineering and construction company.
OCI N.V. confirms that the Demerger is expected to take place through a USD 1.4 billion reduction in OCI N.V.’s share capital whereby OCI N.V. shareholders will receive one Orascom Construction share for every two OCI N.V. shares they own as at close of trading on 6 March 2015 (the Record Date).
The Demerger will result in OCI N.V. continuing to be listed on the Euronext Amsterdam as a global producer of nitrogen fertilizers, methanol and other natural gas based chemical products.
Orascom Construction will be dually listed on NASDAQ Dubai and the EGX as a global engineering and construction company. The Admission of Orascom Construction shares to the Official List of Securities of the DFSA, and Admission to Trading on NASDAQ Dubai is expected on 9 March 2015, and on the Egyptian Exchange between 9-11 March 2015. Timing of commencement of trading on the Egyptian Exchange will be announced in due course upon receipt of final necessary approvals from the Egyptian Exchange.
For a description of the implementation of the Demerger, please refer to OCI N.V.’s press release dated 16 February 2015 and entitled “OCI N.V. to effect Demerger on 7 March 2015”, found at www.oci.nl.
For more information on Orascom Construction’s issuance of new shares on the Egyptian Exchange through a private placement, please visit www.orascom.com.
For all previous announcements and documents related to the Egyptian Offer, Admission and the Demerger, please visit http://www.oci.nl/demerger/
Date last update: 27 April 2025