Listing and share information

OCI N.V. is listed on Euronext in Amsterdam and began trading on 25 January, 2013. OCI N.V. is a constituent of the AMX-Index, the index for mid-sized companies listed on Euronext Amsterdam.

Primary listing

  • Incorporation

    The Netherlands

  • Currency

    Euros

  • ISIN Code

    NL0010558797

  • Ticker

    OCI

  • Common Code

    087808963

  • Total Shares Outstanding

    210,306,101 shares

  • Full Listing

    Euronext Amsterdam

  • Voting Rights

    One vote per share

For OCI N.V.'s real-time share performance, please visit our Quotes page on the Euronext's European equities website.

Dividends

Dividend / capital allocation policy

OCI has a dividend / capital allocation policy, which combines a consistent base return of capital of $400 million per year with an additional variable component linked to FCF generated. Distributions will be made twice per year.

Going forward, the policy is subject to maintaining an investment grade credit profile with a target of net leverage below 2x through the cycle, and balance availability of funds and excess FCF for profit distribution to shareholders while pursuing value accretive ESG and other growth opportunities.

In February 2022, OCI announced a semi-annual distribution for the period H2 2021 of €1.45 per share (c.$320 million in total at current exchange rates). OCI convened an extraordinary shareholder meeting on 28 March 2022 at which time the distribution was approved through a repayment of capital or, at the election of shareholders, as a regular dividend.

The ex-dividend and record date for the distribution will be confirmed following a statutory two-month creditor opposition period, which lapses on 30 May 2022. In case of no objections, the ex-dividend date will be 6 June, and the record date 7 June, and payment in the week commencing 20 June following an election period – offering shareholders who do not wish to receive the distribution as a capital repayment the option to elect to receive a dividend instead.

Distributions will be made twice per year, and based on the current outlook for OCI, the cash distribution with respect to H1 2022 is expected to be significantly higher than the €1.45 / share to be paid with respect to the period H2 2021.

OCI N.V. Share Options

On 13 December 2013, Euronext N.V., a wholly owned subsidiary of IntercontinentalExchange Group, Inc. (NYSE: ICE), introduced options on OCI N.V. shares. The options are available on the derivatives market of Euronext Amsterdam. The options trade under the symbol OCI and will expire on the third Friday of the contract month with initial maturities of 1, 2, 3 and 6 months. Each option represents 100 shares in OCI N.V. and will be cleared via LCH.Clearnet SA.

For OCI N.V. share options' real-time share performance, please visit our Options Quotes page on the NYSE Euronext's European equities website.

Demerger of the Engineering & Construction Business

At an OCI N.V. extraordinary general meeting held on 12 November 2014, shareholders approved the proposal to facilitate the demerger of the company’s engineering and construction business from its fertilizer and chemicals business (the “Spin-Off”). The demerged engineering and construction business formed Orascom Construction Limited (“OC”). The Spin-Off was effected after the close of trading on 6 March 2015 (the “Record Date”) through a $ 1.4 billion repayment of capital in kind to OCI N.V. shareholders as registered on the Record Date in the form of OC shares. An OCI N.V. shareholder received one OC share for every two OCI N.V. shares held. OC shares commenced trading on 9 March 2015 on NASDAQ Dubai and on 11 March 2015 on the Egyptian Exchange.

After close of trading on the Record Date, Euronext announced a reference price of $ 13.33 per OC share and a EUR:USD exchange rate of 1.087 (https://www.euronext.com/en/products/equities/NL0010558797-XAMS), to calculate an adjustment of EUR 6.13 per OCI N.V. share. The $ 13.33 reference price is based on the $ 1.4 billion capital repayment divided by the number of OC shares available for transfer to the OCI N.V. shareholders. Based on a closing price of EUR 34.095, Euronext adjusted the OCI N.V. shares to EUR 27.965 as at 18:00 CET on 6 March 2015.

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