OCI is not subject to the UK City Code on Takeover and Mergers.
Accuracy of information and availability of page
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 All documents have their own shelf life and may be included on this webpage for historical reference purposes only.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.
The full terms governing your use of this page are available via the “Legal” link at the foot of each page of the webpage. If you proceed to access the webpage, please read the full terms carefully.
These terms of access (and any dispute, controversy, proceedings or claim of whatever nature arising out of or in any way relating thereto) shall be governed by English law. You agree that the courts of England shall have exclusive jurisdiction over any dispute arising out of or in connection with this webpage or these terms of access.
By clicking the “I accept” button below, you represent, warrant and agree that:
1. you shall be bound by the terms of access above;
2. (if you are located outside the United Kingdom) the applicable laws and regulations of your jurisdiction allow you to access this webpage and the information contained within it; and
3. you will not seek to acquire shares of OCI if you are a US Person except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States and in a manner which would not require OCI to register under the US Investment Company Act of 1940 (as amended).
The 2Q trading update noted i) NAV per share of 630p and NAV of £1,119m, ii) a total NAV return per share of 11% since 31 March 2022 (+61p) and of 17% since 31 December 2021 (+94p), iii) £30m in new investments during the period, iv) ca.£112m share of sale proceeds expected post period-end, and v) new £100m revolving credit facility adds flexibility and liquidity. 67% of the increase in the portfolio's value came from EBITDA growth and 33% from multiple expansion; the latter driven by exits, all of which were at large premiums to prevailing book values. Of the 63p NAV gain, 46p came from valuation gains, and 11p from forex. We will review our forecasts in the light of the details given with the 8 September results.
If you'd like to be introduced to the team at Oakley Capital Investments, get in touch.Request a meeting