OCI Global Announces Planned $700 Million Cash Distribution

OCI Global's Upcoming Cash Distribution Announcement

OCI Global (Euronext: OCI) has confirmed a significant cash distribution of USD 700 million, equating to USD 3.31 per share. This distribution is rooted in the resolutions approved during the company's recent annual general meeting. It will be executed through a combination of capital repayment and extraordinary cash dividends, reflecting the company's strong fiscal health.

Details on the Distinct Payment Methods

The upcoming distribution consists of two parts: a portion as capital repayment and another as an extraordinary cash dividend drawn from the company's profit reserve. Shareholders who do not wish to opt for a capital repayment will have the choice to receive a cash dividend instead. It's vital for shareholders to review their options carefully to make the most of this distribution.

Timing of the Cash Distribution

Shareholders can expect the distribution to occur under a well-defined timeline. The effective ex-dividend date is set for August 18, with a record date on August 19. This means that shareholders on record by that date will be eligible for the upcoming distribution. The shareholder election period for choosing the method of distribution will run from August 20 through September 2, providing ample time for decision-making.

Understanding the Distribution Process

OCI Global is keen on facilitating a smooth distribution process for its shareholders. The capital repayment will correspond to the remaining fiscal reserve and will be calculated using the applicable exchange rate on September 3. If shareholders prefer to receive their distribution in EUR, they are required to opt for this during the election period, and the EUR equivalent will be determined on the same date.

Importance of Shareholder Participation

Active participation from shareholders is crucial during this election period. Shareholders who do not specify their preference will automatically receive a portion of the distribution as a capital repayment. This aspect underscores the importance of being informed about the available choices to ensure maximum benefit from the financial distributions offered by OCI Global.

OCI Global's Commitment to Transparency

OCI Global is committed to maintaining transparency with its shareholders. The company has designated this notification as relevant information within the context of the EU Market Abuse Regulation, illustrating its dedication to adhering to legal standards and keeping shareholders accurately informed.

Learn More About OCI Global

To gain deeper insights into the company's operations, shareholders and potential investors can explore OCI Global's official site. The company advocates for straightforward communication and is keen on ensuring that shareholders are well-informed about ongoing and future financial matters.

Frequently Asked Questions

What is the total amount for the upcoming distribution?

The total amount for the upcoming distribution is USD 700 million, which breaks down to USD 3.31 per share for the shareholders.

When will the cash distribution occur?

The cash distribution will take place after the ex-dividend date on August 18, with shareholders confirming their preferences during the election period from August 20 to September 2.

How can shareholders choose their payment method?

Shareholders may indicate their chosen payment method during the election period, opting for either capital repayment or an extraordinary cash dividend.

Will the distribution be made in USD or EUR?

The distribution is primarily made in USD, but shareholders have the option to request their payments in EUR if preferred.

How will the amount be determined for capital repayment?

The capital repayment amount will correspond with the remaining fiscal reserve and will be determined using the applicable exchange rate on September 3.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

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