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Provider: Wright Reports
Provider: Wright Reports
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Orascom Construction Industries SAE Issues Further Information Concerning Global Depository Receipts For Ordinary Shares

Friday, 15 Feb 2013 02:00am EST 

Orascom Construction Industries SAE announced that it has 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 N.V. shares. Trading of OCI N.V. shares on the NYSE Euronext in Amsterdam began on January 25, 2013. OCI N.V. has confirmed that the Offer is wholly-unconditional. 

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