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.
