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Brief: Oci Confirms It Has Received A Petition Filed By Value8

BRIEF-Oci Confirms It Has Received A Petition Filed By Value8

- OCI N.V. OCI.AS:

  • CONFIRMS THAT IT HAS RECEIVED A PETITION FILED BY VALUE8 N.V.

  • COMPANY IS REVIEWING PETITION TOGETHER WITH ITS LEGAL ADVISERS AND BELIEVES IT IS WITHOUT MERIT

  • PETITION SEEKS, AMONG OTHER THINGS, AN INQUIRY INTO OCI'S AFFAIRS AND REQUESTS CERTAIN INTERIM MEASURES, INCLUDING AN ORDER PROHIBITING OCI FROM PUTTING PROPOSED COMBINATION WITH ORASCOM CONSTRUCTION PLC TO A SHAREHOLDER VOTE

  • IF GRANTED, REQUESTED INTERIM MEASURES COULD DELAY OR PREVENT COMPLETION OF PROPOSED TRANSACTION AND CERTAIN RELATED TRANSACTIONS

  • FILING OF PETITION DOES NOT CHANGE OCI’S FOCUS ON EXECUTING ITS ANNOUNCED STRATEGY AND PURSUING TRANSACTIONS PREVIOUSLY COMMUNICATED TO SHAREHOLDERS

Source text: [here]

Further company coverage: OCI.AS


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