As of the latest filings on 14 February 2013, OCI N.V. announced that the 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 including the Sawiris Family and the Abraaj Group ) have accepted the offer to exchange their GDRs for OCI N.V. shares.
To enable holders of GDRs who have not yet 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 21 February 2013 (the “Revised Expiration Time”). Holders of GDRs who have not yet 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 OCI N.V. on 18 January 2013 and available on the website of OCI N.V.
On 18 January 2013, OCI N.V. 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”).
Trading of OCI N.V. shares on the NYSE Euronext in Amsterdam began on 25 January 2013. OCI N.V. has confirmed that the Offer is wholly-unconditional.
