Cairo, Egypt / June 30, 2008, 10:00 AM
OCI Announces Details of the Third Dividend Installment
Orascom Construction Industries (OCI) confirmed the following regarding
its third cash dividend distribution announced on 16 March 2008:
- The value of the third installment is EGP 5.00 per share. The US
Dollar equivalent for GDR holders will be determined by the average
EGP/USD exchange rate on 6 July 2008
- The record date: 7 July 2008
- The ex-dividend date: 8 July 2008
- The payment date: 10 July 2008
The third dividend installment comes in conjunction with the completion
of the dedicated capital increase for UAE-based private equity firm
Abraaj Capital (Abraaj).
The total value of the dedicated capital increase is approximately EGP
3.93 billion with 12,774,877 new shares issued at the previously agreed
price of EGP 307.93. The new total number of outstanding shares is now
214,770,714. Following the completion of the capital increase,
Abraaj is currently a 5.95% shareholder in OCI.
The accounting for the EGP 3.93 billion is approximately EGP 3.87
billion recorded in the company's capital reserves and the balance of
EGP 63.9 million to be added to paid-in capital.
As of 18 June 2008, the new shares were admitted as listed shares on
the Cairo & Alexandria Stock Exchanges.
For additional information contact:
OCI Investor Relations Department: For additional information on OCI:
Omar Darwazah Orascom Construction Industries
Email: omar.darwazah@orascomci.com (OCI)
Nile City Towers - South Tower
2005A Corniche El Nil
Cairo, Egypt
Ahmed Sultan
Email: ahmed.sultan@orascomci.com www.orascomci.com
Tel: +202 2461 1039/1036/0727/0914
Fax: +202 2461 9409
OCI stock symbols: OCIC.CA / ORCI
EY / OCICqL / ORSD
This information is provided by RNS
The company news service from the London Stock Exchange
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