OCI is not subject to the UK City Code on Takeover and Mergers.
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This webpage and its contents are made available on an “as is” and “as available” basis. OCI uses reasonable efforts to ensure that the information on this webpage is accurate, but OCI and its personnel and agents disclaim and exclude (to the fullest extent permitted by law) all warranties, representations or guarantees (whether express, implied or statutory) that the information is complete, accurate, up-to-date or suitable for a particular purpose. All documents have their own shelf life and may be included on this webpage for historical reference purposes only. Any opinions, recommendations and forecasts provided are not necessarily the current opinions, recommendations and forecasts of OCI or any contributors and may be changed at any time. Actual outcomes or results may differ materially from those expressed or implied by any forecast. You agree that access to, and reliance on, this webpage and any information contained on it is entirely at your own risk.
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OCI’s trading statement to end-Dec’21 was extremely positive, noting i) Net Asset Value (NAV) per share of 538p, ii) an annual total NAV return per share of 35%, iii) an annual total shareholder return (TSR) of 48%, iv) investments of £137m and share of proceeds of £121m, v) year-end cash of £163m, vi) outstanding commitments of £404m (post year-end, OCI announced an initial €400m/£336m commitment to Fund V), and vii) the buyback and cancellation of 2 million shares. During the year, 76% of the increase in the portfolio's value was driven by EBITDA growth and 24% by multiple expansion, including realisations. The largest contributions were from IU Group and TechInsights.
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