OCI S.A.E. Announces Plans to Terminate Its American Depositary Receipts and Global Depositary Receipts Programs
03 November 2014
OCI N.V.’s (NYSE Euronext: OCI) Egyptian subsidiary, Orascom Construction Industries S.A.E. (OCI S.A.E.), announced today that it will terminate its American Depositary Receipts (ADR) and Global Depositary Receipts (GDR) programs.
As a first step for such purposes, OCI S.A.E. has provided written notice to The Bank of New York Mellon, as Depositary, to terminate the deposit agreements relating to the ADRs and the GDRs (the Deposit Agreements), with such terminations to take effect at 5:00 pm (Eastern Time) on 24 November 2014 (with respect to the ADR agreement) and at 5:00 pm (GMT) on 23 January 2015 (with respect to the GDR agreement). Both ADR and GDR holders will have until 23 January 2015 to decide whether they would like to receive the OCI S.A.E. shares underlying their ADRs or GDRs or the net proceeds of the sale of those shares by the Depositary.
The Depositary will contact ADR and GDR holders in due course with additional information on this process, including those necessary and proper actions to be executed.
For additional information, ADR and GDR holders are invited to contact our Information Agent, DF King, or The Bank of New York Mellon at:
DF King Worldwide:
Tel.: (+44) 207 920 9700
The Bank of New York Mellon:
Vice President Middle East Relationship Management
Tel.: (+1) 212 815 2136