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Euronext introduces equity options on OCI N.V.


Euronext N.V., a wholly owned subsidiary of IntercontinentalExchange Group, Inc. (NYSE: ICE), introduces options on the shares of OCI N.V. (“OCI”). The options will be available as of Friday 13 December on the derivatives market of Euronext Amsterdam.

OCI N.V. is a global producer of natural gas-based chemicals and an engineering & construction contractor, with projects and investments in Europe, the United States, Middle East, North Africa and Central Asia. The company employs more than 75,000 people in 35 countries around the globe.

The chemicals segment produces nitrogen fertilizers, methanol and other natural gas based products and ranks among the world’s top fertilizer producers with a fertilizer production capacity of nearly 7 million metrictons in The Netherlands, the United States, Egypt and Algeria. The company is currently constructing a world-scale fertilizer plant in Iowa, USA and recently announced it will start the construction of a world-scale methanol plant in Texas, USA, once finished the largest one in North America.

The construction segment provides international engineering and construction services primarily on infrastructure, industrial and high-end commercial projects and ranks among the world’s top global contractors. Notable construction projects include Burj Khalifa in Dubai, the world’s tallest building, Ferrari Experience theme park in Abu Dhabi, the new Grand Egyptian Museum in Cairo, roof over the A2 motorway in Utrecht, the Netherlands and Maastoren, the tallest building in the Netherlands.

The newly listed options follow the successful listing of OCI on Euronext Amsterdam on 25 January 2013. Since September 2013, OCI N.V. has been a constituent of the AMX-Index®, the index for mid-sized companies listed on Euronext Amsterdam. By adding these new options Euronext is expanding the number of equity option classes on AMX® companies to 22. In addition, all constituents of the AEX-Index® have an equity option listing.

Frank Ammerlaan, Head of Sales & Client Coverage Benelux for Euronext, said:  “We are pleased to announce the introduction of the OCI options, providing investors with new investment opportunities. The Amsterdam derivatives market of Euronext is a highly liquid and competitive market, with a large number of direct market participants trading in a wide and successful range of equity option classes. The OCI options are a great addition to our option series and increase the range of options on large internationally oriented companies.”

These new American-style options (option trading symbol: OCI) will expire on the third Friday of the contract month and will have initial maturities of 1, 2, 3 and 6 months. Each option will represent 100 shares in OCI and will be cleared via LCH.Clearnet SA.

Euronext lists over 200 equity options (also known as individual stock options) on leading European companies via the Amsterdam, Brussels, London and Paris central order books.

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