Martin Lee @ Sg
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Olam Rights Issue Dates

Olam has been given in-principle approval by SGX for their rights issue, subject to certain conditions.

The key dates for Olam shareholders to take note for the rights issue are:

Last date of cum rights trading : 27 December 2012

Commencement of ex-rights trading : 28 December 2012

Expected lodgement of offer information statement :2 January 2013

Commencement of Rights offer period : 7 January 2013

Trading period of “nil-paid” rights : 7 to 15 January 2013

Close of Rights offer period : 21 January 2013

Issuance and crediting of Bonds and Warrants : End January/Early February 2013

Listing and quotation of Bonds and Warrants (as separate instruments) : End January/Early February 2013

Every 1000 shares owned will entitle the shareholder to subscribe to 313 Olam bonds with face value of US$1 each. If taken up, the 313 bonds will also come with 162 warrants, with each warrant carrying the right to subscribe for one new Olam share at an exercise price of US$1.291.

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2 comments
Nicholas says 6 years ago

Hi Mr Martin,
Mind I seek your opinion, you think it is a good time to buy MIIF now? Can I treat it as a short term bond since it is going to be delisted soon and the NAV is higher than its current price? Btw can I ask, when the NAV is estimated, have they taken into consideration any possible fees that is involved during the wind down of the company and its delisting? Thank you so much.

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