Oci NV Announces Further Details on Exchange Offer for Global Depositary Receipts of Orascom Construction Industries S.A.E.
Oci NV announced that on January 18, 2013, the Company launched an exchange offer to acquire all of the outstanding Regulation S global depositary receipts (GDRs) of Orascom Construction Industries S.A.E. in exchange for ordinary shares in Oci N.V. (the Offer). As of the latest filings on February 14, 2013, GDR holders holding a total of 156,542,609 GDRs (being 98.8% of Orascom Construction Industries' GDRs and representing 75.7% of total shares outstanding) have accepted the offer to exchange their GDRs for Oci NV shares. To enable holders of GDRs who have not accepted the Offer to tender their GDRs, such holders will be given the opportunity to tender their GDRs until 12 noon (New York time)/5 p.m. (London time) on February 21, 2013 (the Revised Expiration Time). Holders of GDRs who have not tendered their GDRs can tender their GDRs in the same manner and subject to the same conditions as described in the offer document issued by the Company on January 18, 2013.
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