OCI N.V. Announces Optional Redemption of its €339 Million 3.875% Convertible Bonds (ISIN: XS0974154550)
23 March 2018
OCI N.V. today informed holders that on 8 May 2018 (the Optional Redemption Date) it intends to exercise its option to redeem all of the outstanding €339,000,000 3.875% Convertible Bonds due 2018 (the Bonds), currently constituting €15,500,000 in aggregate principal amount, in accordance with Condition 7(b)(ii) (Redemption at the Option of the Issuer).
The Bonds will be redeemed at their aggregate principal amount together with accrued but unpaid interest up to (but excluding) the Optional Redemption Date.
Application will also be made for the listing and trading of the Bonds on the Freiverkehr segment of the Frankfurt Stock Exchange to be cancelled immediately following such redemption.
This announcement contains inside information for the purposes of the EU Market Abuse Regulation (EU) 596/2014. In accordance with the above and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Hassan Badrawi, Chief Financial Officer of OCI N.V.
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF HOLDERS. IF HOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE