The shift significantly weakens the collective representation in the case, as The Oceanwood Fund accounted for roughly 93.75% of the 2.01% of OCI's issued share capital initially tied to the VEB application. With 3,980,000 shares originally attributed to the fund within that grouping, the withdrawal creates a substantial gap in the applicant pool.
Despite stepping back from the VEB-led action, Oceanwood maintains a direct interest in the company. Regulatory disclosures confirm that funds under Oceanwood management held 4,934,414 OCI shares as of June 22, 2026, signaling a transition from collective litigation to an independent stance regarding their stake in the Amsterdam-listed firm.
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