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Orascom Construction Industries SAE Announces OCI NV's Acceptances of GDR Holders to Exchange Offer

Friday, 25 Jan 2013 06:18am EST 

Orascom Construction Industries SAE announced that shareholders, including the Sawiris family and Abraaj Capital, holding a total of 140,083,789 shares representing 91% of OCI's Regulation S GDRs (GDRs) and 68% of total shares outstanding have accepted the offer to exchange their GDRs for OCI N.V. shares. The Company has also received additional commitments for 4% of GDRs holder, bringing total conversions and commitment of outstanding GDRs to 95%. Trading of OCI N.V. shares on the NYSE Euronext in Amsterdam began on January 25, 2013. 

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