OCI NV To Present Clarifications On Share Exchange Offer Upon EFSA’s Request

In a release to the Egyptian Exchange on Tuesday, Orascom Construction Industries – OCI (OCIC.CA) said it OCI N.V.’s share exchange offer will be presented to Egyptian Financial Supervisory Authority (EFSA) noting that the offer will include all the require clarifications.

Egypt’s financial regulator, EFSA stated on Monday that OCI (OCIC.CA) has to provide additional disclosure of OCI’s potential transaction with its Dutch unit OCI N.V. to exchange OCI’s shares and GDRs for the unit’s shares. EFSA required additional disclosure covering the offer’s impact on the shareholders.

On Sunday, Orascom Construction Industries said OCI N.V. announced it has launched an exchange offer to acquire all of the outstanding Regulation S global depositary receipts (GDRs) of OCI in exchange for ordinary shares in OCI N.V. OCI N.V. (also referred to in this Announcement as the Company) plans to subsequently launch an ADR program on the New York Stock Exchange.