OCI shareholders approve Orascom Construction combination and update the timetable

what happened

Shareholders of OCI N.V. approved all resolutions at an extraordinary general meeting tied to the proposed combination with Orascom Construction PLC, OCI Global said. The vote also covered the OCIN sale, and each resolution won a majority among minority shareholders.

Euronext Amsterdam has approved delisting OCI shares effective 27 November 2026, with 26 November as the last trading day. The ex-date for the distribution of OC shares is expected on 27 November, and the record date around 30 November. Crediting Orascom Construction shares to shareholder accounts may begin around 8 December 2026, though timing may differ for each investor.

The tender deadline for the voluntary offer by NNS is 17 November 2026 at 17:40 CET. The company stresses that all dates remain indicative and could change depending on NNS and regulatory steps.

why it matters

For markets, the key point is that OCI is leaving its Amsterdam listing while part of the value passes to shareholders through Orascom Construction shares. Delays in share crediting depend on intermediaries, so receipt dates may vary. OCI will also sell some OC shares to fund Dutch dividend withholding tax.

market impact

OCI shares: delisting from Euronext Amsterdam and distribution of Orascom Construction shares change the ownership structure.

tags

instruments