MSCI and FTSE Announce Index Changes for OCI NV

AMSTERDAM, THE NETHERLANDS--(Marketwired - Aug 1, 2013) -

Amsterdam, the Netherlands / 1 August, 2013 8:30 AM MSCI and FTSE Announce Index Changes for OCI N.V. to Reflect Tender Offer Results OCI N.V. announced today that it has been classified in MSCI and FTSE indices to reflect the buyout of Orascom Construction Industries S.A.E. (OCI S.A.E.). MSCI announced that OCI S.A.E. will now be deleted from the MSCI Egypt Index as of the close of business on August 13 and OCI N.V. will be added to the mid-cap segment of the MSCI Netherlands Index. MSCI will likely issue a notice 10 days prior to the index implementation. OCI N.V. will be admitted to the MSCI Netherlands Index with 201,616,948 shares. During the next six months, this figure is expected to change as OCI N.V. continues to buyout the remaining shares on the Egyptian Stock Exchange (EGX) for EGP 255 per share. The Company will issue intermittent updates with the regards to any changes in share count. Similarly, FTSE announced that OCI S.A.E. will now be deleted from the FTSE All World Index and the FTSE All-Emerging Index and OCI N.V. will be added to the FTSE All World Index, the FTSE World Index Ex-Multinationals and the FTSE Global Style Index. The implementation took place on 31 July 2013 and effective trading will begin on 1 August 2013. In addition to these index changes, OCI N.V. is taking the necessary steps to convert the Company's primary trading line currency on the NYSE Euronext in Amsterdam from US Dollars to Euros. Further details on the mechanics of the change will be announced in due course. About OCI N.V.: OCI N.V. is a global nitrogen-based fertilizer producer and engineering & construction contractor based in the Netherlands. The Fertilizer Group owns and operates nitrogen fertilizer plants in the Netherlands, the United States, Egypt and Algeria and has an international distribution platform spanning from the Americas to Asia. The Fertilizer Group ranks among the world's top fertilizer producers with a fertilizer production capacity of nearly 7 million metric tons. The Construction Group provides international engineering and construction services primarily on infrastructure, industrial and high-end commercial projects in the United States, Europe, the Middle East, North Africa and Central Asia for public and private clients. The Construction Group ranks among the world's top global contractors. OCI N.V. employs more than 75,000 people in 35 countries around the globe and is listed on the NYSE Euronext in Amsterdam. For additional information contact: Investor Relations For additional information on OCI N.V.: Department: Omar Darwazah www.ocinv.nl Email: odarwazah@orascomci.co.uk Mijnweg 1, Erika Wakid 6167 AC Geleen, Email: The Netherlands ewakid@orascomci.co.uk Hassan Badrawi OCI N.V. stock symbols: OCI / OCI.NA / Director OCI.AS / OCINY Tel: +202 2461 1036/0727/ 0917 Fax: +202 2461 9409 This information is provided by RNS The company news service from the London Stock Exchange END
Advertisement