Martin Lee @ Sg
Sharing is Caring!

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.

Leave a Comment:

Nicholas says 8 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.

Add Your Reply