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OCI N.V.
AGM Information • Mar 29, 2022
3869_iss_2022-03-28_84f01db6-58ef-4daa-bcdc-18490e6874fd.pdf
AGM Information
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Press Release
Amsterdam, The Netherlands / 28 March 2022
Summary of voting results at the OCI N.V. Extraordinary General Meeting of Shareholders
OCI N.V. (Euronext: OCI) held an Extraordinary General Meeting of Shareholders virtually today, 28 March 2022.
A total of 172,693,565 shares were present or represented at this meeting. These shares represent approximately 82.3% of the votes that can be cast at the Extraordinary General Meeting.
The single voting item was approved, with the voting result being:
| Agenda Item | For | Against | Abstain |
|---|---|---|---|
| 1. Opening and announcements | |||
| 2.A. Proposals to amend the Articles of Association twice in connection with the H2 2021 distribution |
172,688,679 | 1,650 | 3,236 |
| 3. Close of the Extraordinary General Meeting |
Further information on the H2 2021 Distribution
Distribution of EUR 1.45 per share approved by the EGM
Pursuant to the proposal adopted under agenda item 2.A, OCI will make a distribution to shareholders in the amount EUR 1.45 per share as a repayment of capital or, at the election of the shareholder, as a regular dividend.
Creditor opposition period
Pursuant to Dutch law, the reduction of capital is subject to a formal procedure. This procedure entails customary filings with the Dutch Trade Register and observation of a two-month creditor opposition period as described in Section 2:100 of the Dutch Civil Code. Under the provisions of Section 2:100 of the Dutch Civil Code, creditors may lodge objections to the capital reduction within a period of two months following the announcement of the filing of the resolution to reduce the share capital with the Dutch Trade Register.
The amendments to the Articles of Association as resolved upon under agenda item 2.A. effecting the capital reduction may only be implemented after such two-month creditor opposition period has lapsed, provided that no creditor objections have been received by the Amsterdam District Court or, in the event objections have been received, after such opposition has been withdrawn, resolved or lifted by an enforceable court order by the relevant court in the Netherlands. The amendments of the Articles of Association, as well as the H2 2021 distribution will only take place thereafter. OCI will announce further details on the timing of the H2 2021 distribution by separate press release.
Election mechanism
Shareholders who do not wish to receive the distribution as a capital repayment can elect to receive a dividend instead. A choice for one option implies an opt-out of the other option. Elections to receive a dividend instead of a capital repayment can only be made after the record date for the distribution.
About OCI N.V.
OCI N.V. (Euronext: OCI) is a leading global producer and distributor of hydrogen-based products providing low carbon fertilizers, fuels, and feedstock to agricultural, transportation, and industrial customers around the world. OCI's production capacity spans four continents and comprises approximately 16.2 million metric tons per year of hydrogen-based products including nitrogen fertilizers, methanol, biofuels, diesel exhaust fluid, melamine, and other products. OCI has more than 3,850 employees, is headquartered in the Netherlands and listed on Euronext in Amsterdam.
Learn more about OCI at www.oci.nl. You can also follow OCI on Twitter and LinkedIn.
For additional information contact:
OCI N.V. Investor Relations:
Hans Zayed Director Email: [email protected]
Tel: +31 (0) 6 18 251 367
For additional information on OCI:
OCI stock symbols: OCI / OCI.NA / OCI.AS
Honthorststraat 19 1071 DC Amsterdam The Netherlands