OCI N.V. (OCINY: OTCQX International Premier) | OCI N.V. Announces Proposed Initial Public Offering of Beaumont Methanol and Ammonia Production Business

OCI N.V. Announces Proposed Initial Public Offering of Beaumont Methanol and Ammonia Production Business

Jun 05, 2013

OTC Disclosure News Service

Geleen, Netherlands

OCI N.V. Announces Proposed Initial Public Offering of Beaumont
Methanol and Ammonia Production Business

 

 

OCI N.V. today announced that it intends to
contribute its methanol and ammonia facility near Beaumont, Texas to a newly
formed limited partnership (the ?MLP?) and that it expects the MLP to file a
registration statement with the U.S. Securities and Exchange Commission to
register an initial public offering (the ?IPO?) of common units to be issued by
the MLP.  OCI N.V. expects that the
initial filing of the registration statement will occur in June 2013. 

Subject to market conditions and final approval
by OCI N.V.?s board of directors, OCI N.V. anticipates that a minority interest
in the MLP will be offered in the IPO in the second half of 2013.  The purpose of the IPO is to raise proceeds
to repay outstanding indebtedness of the MLP and to fund expenditures relating
to the Beaumont facility?s planned debottlenecking project.  Additional information will be included in
the registration statement once publicly filed.

 DISCLOSURES UNDER RULE
135

A
registration statement relating to the common units of the MLP to be sold in
the IPO is expected to be filed with the Securities and Exchange Commission,
but has not been filed or become effective. This announcement does not
constitute an offer to sell, or the solicitation of an offer to buy, any
securities. This announcement is being issued pursuant to, and in accordance
with, Rule 135 under the Securities Act of 1933, as amended.

CAUTIONARY STATEMENT FOR THE PURPOSES OF THE “SAFE HARBOR”
PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

 This news release contains certain
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended, which are intended to be covered by the safe harbors created thereby.
Words and phrases such as ?is anticipated,? ?is estimated,? ?is expected,? ?is
planned,? ?is scheduled,? ?is targeted,? ?believes,? ?intends,? ?objectives,?
?projects,? ?strategies? and similar expressions are used to identify such
forward-looking statements. However, the absence of these words does not mean
that a statement is not forward-looking. Forward-looking statements relating to
the expected filing of the registration statement with respect to the IPO of
the MLP, the expected timing of the completion of the IPO of the MLP and the
purpose of the IPO are based on management?s expectations, estimates and
projections about the MLP and OCI N.V.?s industry in general on the date this
news release was prepared. These statements are not guarantees of future
performance and involve certain risks, uncertainties and assumptions that are
difficult to predict, including the risks related to prevailing conditions in
the U.S capital markets and the risk that the IPO may not occur. Therefore,
actual outcomes and results may differ materially from what is expressed in
such forward-looking statements. OCI N.V. is under no obligation (and expressly
disclaims any such obligation) to update or alter its forward-looking
statements, whether as a result of new information, future events or otherwise.

This release includes additional documents. Select the link(s) below to view.

OCI NV Announces Proposed Initial Public Offering of OCI Beaumont.pdf

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/OCINY/news?id=64045

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