News

EGM Approves Capital Reduction to Facilitate Spin-off of Construction Business

13 November 2014

OCI N.V. (NYSE Euronext: OCI) held its Extraordinary General Meeting of Shareholders (EGM) yesterday, Wednesday 12 November  2014, in Amsterdam, the Netherlands. At this meeting shareholders have approved the proposals to increase the issued share capital and subsequently decrease the issued share capital of OCI N.V. with the same amount to facilitate the spin-off of the Engineering & Construction Group through a repayment of capital in kind in the form of shares in the new company, to OCI N.V.’s existing shareholders.

A total of 175,282,840 shares were present or represented at this meeting. These shares represent 85.11% of the total issued share capital. All items were approved, with the voting results being:

Agenda Item

For

Against

Abstain

1. Opening and announcements.

-

-

-

2. Increase of the issued share capital and amendment of the articles of association of OCI N.V.

172,579,596

891,377

1,811,867

3. Decrease of the issued share capital and amendment of the articles of association of OCI N.V.

172,907,094

561,859

1,813,887

4. Questions and close of meeting.

-

-

-