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Brief: OMV Agreed With ADNOC On Delay Of BGI Listing, Exchange Offer And Capital Increase

March 19 (Reuters) - OMV AG OMVV.VI:

OMV AGREED WITH ADNOC ON DELAY OF BGI LISTING, EXCHANGE OFFER AND CAPITAL INCREASE

TIMING OF SUCH ADX LISTING AND EXCHANGE OFFER IS ANTICIPATED TO ALIGN WITH CAPITAL INCREASE AT LEVEL OF BGI, WHICH IS CURRENTLY EXPECTED TO TAKE PLACE IN 2027

OMV AND ADNOC HAVE AGREED ON TEMPORARY ADJUSTMENT OF DIVIDEND PAYMENTS FROM BGI WHICH WILL RESULT IN REDUCTION OF DIVIDEND PAYABLE BY BGI TO OMV AND ADNOC IN 2026

EXPECTED IMPACT ON OMV DIVIDEND WOULD BE AROUND EUR 0.6-0.7 PER OMV SHARE FOR YEAR 2026 (PAYABLE IN 2027)

ADNOC AND OMV AGREED TO DISCUSS CERTAIN FURTHER SHAREHOLDER SUPPORT MEASURES IN YEAR 2027 IF REQUIRED TO MAINTAIN BGI'S INVESTMENT GRADE RATING

Source text: ID:nPexkJf8Ra

Further company coverage: ADNOC.UL

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 587785269;))

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