Abu Dhabi, UAE – 11 October 2024: ADNOC Abu Dhabi National Oil Company P.J.S.C. (“ADNOC”) today announced that its acquisition of OCI’s 50% + 1 share stake in Fertiglobe (ADX: FERTIGLB) (“Fertiglobe” or the “Company”), disclosed in December 2023, has received all required approvals and is expected to close on Tuesday 15 October 2024.
Ahead of closing, a block trade will be initiated today, 11 October 2024, and is expected to settle on Tuesday 15 October 2024.
Following the completion of the transaction, ADNOC’s shareholding in Fertiglobe will increase to 86.2% while the free float traded on ADX will remain at 13.8%.
Investor and Analyst Conference Call
On 15 October 2024 at 5:00 PM UAE (2:00 PM London, 9:00 AM New York), Fertiglobe’s management will host a conference call for investors and analysts, to present its vision to unlock further growth and value.
International | +1 (646) 307-1963 |
|---|---|
Conference ID | 4306236 |
United Arab Emirates – Toll-Free | +97180003111285 |
United Kingdom – London | +44.20.3481.4247 |
United Kingdom – Toll-free | +44.800.260.6466 |
USA / International Toll-Free | +1 (646) 307-1963 |
USA – Toll-free | (800) 715 – 9871 |
Participants may also join via the webcast. Please pre-register and join here.
About Fertiglobe
Fertiglobe is the world’s largest seaborne exporter of urea and ammonia combined, and an early mover in sustainable ammonia. Fertiglobe’s production capacity comprises of 6.6 million tons of urea and merchant ammonia, produced at four subsidiaries in the UAE, Egypt and Algeria, making it the largest producer of nitrogen fertilizers in the Middle East and North Africa (MENA), and benefits from direct access to six key ports and distribution hubs on the Mediterranean Sea, Red Sea, and the Arab Gulf. Headquartered in Abu Dhabi and incorporated in Abu Dhabi Global Market (ADGM), Fertiglobe employs more than 2,700 employees and was formed as a strategic partnership between OCI Global (“OCI”) and the Abu Dhabi National Oil Company (“ADNOC”). Fertiglobe is listed on the Abu Dhabi Securities Exchange (“ADX”) under the symbol “FERTIGLB” and ISIN “AEF000901015. To find out more, visit: www.fertiglobe.com.
For additional information, contact:
Fertiglobe Investor Relations
Rita Guindy, Director
Emails:
For additional information on Fertiglobe: fertiglobe.com
