OCI Announces USD 3.4 Billion Extraordinary Cash Distribution
Comunicato Precedente
Comunicato Successivo
Payment of the extraordinary distribution is expected to take place on 14 November 2024, subject to no creditors having opposed the distribution. The ex-dividend date is expected to be 28 October and record date to be 29 October.
The distribution will be made as a repayment of capital or, at the election of the shareholder, as a payment from the profit reserve and subject to Dutch Dividend Withholding Tax. Shareholders that do not make a choice will participate in the repayment of capital. A choice for one option implies an opt-out of the other option.
The expected cumulative crystallization of approximately USD 11.6 billion gross proceeds from OCI's recently announced sales affords OCI significant flexibility to deliver on its capital allocation priorities, including deleveraging at a gross level as well as returning a meaningful quantum of capital to shareholders. The Company will communicate potential further extraordinary dividend distributions in due course.
About OCI Global
Learn more about OCI at www.oci-global.com. You can also follow OCI on LinkedIn.
Contact Details
Sarah Rajani CFA, Global Vice President Investor Relations and Communications
Email: [email protected]
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