OCI N.V. Extends Exchange Offer for Remaining OCI GDRs Till December 3

Dutch OCI N.V. has extended on Wednesday its re-opened exchange offer to acquire all of the outstanding global depository receipts of Orascom Construction Industries S.A.E. (OCI S.A.E.) till December 3, which will be the final closing date.

As of the latest filings on November 19, 2013, GDR holders holding a total of 917,221 GDRs have accepted the offer to exchange their GDRs for OCI N.V. shares. OCI N.V. now owns 99.32% of OCI S.A.E and the total number of GDRs which remain outstanding is 114,625, according to the company’s filing.

As soon as practicable following the final revised closing date, the group intends, subject to receipt of all relevant regulatory approvals, to terminate the existing deposit agreement relating to the GDRs and to apply for the cancellation of the listing of the GDRs on the official list and for the cancellation of trading of the GDRs on the London Stock Exchange.