Key Developments: Olam International Ltd (OLAM.SI)
1.81SGD
21 May 2013
$-0.01 (-0.55%)
$1.82
$1.82
$1.82
$1.80
3,289,000
7,919,762
$2.14
$1.37
Latest Key Developments (Source: Significant Developments)
Olam International Ltd Does Not Declare Dividend
Olam International Ltd announced that no dividend recommended for the for the current financial period reported on September 30, 2012. Full Article
Olam International Ltd Announces Issue Of SGD100,000,000 6.00% Fixed Rate Notes Due 2022
Olam International Ltd announced that with reference to its previous announcement dated October 30, 2012 in connection with its issue of SGD100,000,000 6.00% fixed rate notes due 2022, to be consolidated and form a single series with the SGD400,000,000 6.00% fixed rate notes due 2022 issued on October 25, 2012, under the USD2,000,000,000 Euro Medium Term Note Programme established by the Company on July 6, 2012 (the EMTN Programme). The Company announced that the Notes have been issued on November 8, 2012. The Notes are expected to be admitted to the Official List of the SGX-ST with effect from 9.00 a.m. on November 8, 2012. Full Article
Olam International Ltd Announces Issue Of SGD400,000,000 6.00% Fixed Rate Notes Due 2022
Olam International Ltd announced that it will be issuing SGD400 million 6.00% fixed rate notes due 2022 (the Notes). The Notes will be issued under the USD2,000,000,000 Euro Medium Term Note Programme established by the Company on July 6, 2012 (the EMTN Programme). Standard Chartered Bank has been appointed to act as the sole lead manager and bookrunner for the issue of the Notes. The Notes will be issued at an issue price of 100% of their principal amount and in denominations of SGD250,000. The Notes will bear interest at a fixed rate of 6.00% per annum payable semiannually in arrear. The Notes are expected to be issued on October 25, 2012 and are expected to mature on October 25, 2022. Proceeds from the issue of the Notes will be used by the Company and its subsidiaries (the Group) for working capital purposes and general corporate purposes, including financing capital expenditure and potential acquisition opportunities which the Group may pursue in the future as part of its strategic objectives. Full Article
Olam International Ltd Acquires 50% Ownership In Acacia Investments
Olam International Ltd announced that it has acquired 50% of shares and voting rights in Acacia Investments (AI) for a total consideration of USD35 million. AI is a business group based in the United Arab Emirates. Full Article
Olam International Ltd Lodges Takeover Notice In NZ Farming Systems Uruguay Ltd
Olam International Ltd (Olam) announced that it has notified NZ Farming Systems Uruguay Limited (NZFSU) of its intention to make a cash offer at NZD 0.75 per share (Offer Price) for all of the shares in NZFSU that it does not already own (the Offer). Olam believes this is a full and fair price for NZFSU shares, and accordingly the Offer Price will not be increased. Olam is currently shareholder in NZFSU with 85.93% shareholding following the takeover offer for NZFSU that closed in June 2011. If Olam is successful in achieving 100% shareholding of NZFSU at the Offer Price, the additional consideration payable will be NZD 25.8 million taking Olam’s total acquisition cost to NZD 159.6 million. Olam expects to dispatch the Offer document within 14 to 30 days from the date of this press release. Full Article
Olam International Ltd Acquires Northern Coffee Corporation In Zambia For $6.15 Million
Olam International Ltd announced that it has acquired 100% equity interest in Northern Coffee Corporation Ltd (NCCL), a coffee estate in Zambia, for approximately USD6.15 million through a bidding process organised by the Zambia Development Authority (ZDA). Full Article
Olam International Ltd Announces Issue Of USD500,000,000 5.75% Fixed Rate Notes Due 2017
Olam International Ltd announced that it will be issuing USD500 million 5.75% fixed rate notes due 2017 (the "Notes"). The Notes will be issued under the USD2,000,000,000 Euro Medium Term Note Programme established by the Company on July 6,2012 (the "EMTN Programme"). Credit Suisse (Singapore) Limited, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan (S.E.A.) Limited and UBS AG, Singapore Branch have been appointed to act as the joint lead managers and joint bookrunners for the issue of the Notes. The Notes will be issued at an issue price of 100% of their principal amount and in denominations of US$200,000 and integral multiples of USD1,000 in excess thereof. The Notes will bear interest at a fixed rate of 5.75% per annum payable semi-annually in arrear. The Notes are expected to be issued on September 20, 2012 and are expected to mature on September 20, 2017. Proceeds from the issue of the Notes will be used by the Company and its subsidiaries (the "Group") for working capital purposes and general corporate purposes, including financing capital expenditure and potential acquisition opportunities which the Group may pursue in the future as part of its strategic objectives. Full Article
Olam International Ltd Issues Of SGD250,000,000 2.50% Fixed Rate Notes Due 2013
Olam International Ltd announced that in connection with its issue of SGD250 million 2.50% fixed rate notes due 2013 (the Notes) under the USD2,000,000,000 Euro Medium Term Note Programme established by the Company on July 6, 2012 (the EMTN Programme). The Company announced that the Notes have been issued. The Notes are expected to be admitted to the Official List of the SGX-ST with effect from September 7, 2012. Full Article
Olam International Ltd Recommends First & Final Dividend
Olam International Ltd announced that it has recommended a (One-tier tax exempt) First & Final Dividend of SGD4 (previous year SGD5) for The date payable is November 20, 2012. Full Article
Olam International Ltd Issue Of SGD350,000,000 5.80% Fixed Rate Notes Due 2019
Olam International Ltd announced that it will be issuing SGD350 million 5.80% fixed rate notes due 2019. The Notes will be issued under the USD2,000,000,000 Euro Medium Term Note Programme established by the Company on July 6, 2012. DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch and Standard Chartered Bank have been appointed to act as the joint lead managers and joint bookrunners for the issue of the Notes. The Notes will be issued at an issue price of 100% of their principal amount and in denominations of SGD250,000. The Notes will bear interest at a fixed rate of 5.80% per annum payable semi-annually in arrear. The Notes are expected to be issued on July 17, 2012 and are expected to mature on July 17, 2019. Proceeds from the issue of the Notes will be used by the Company and its subsidiaries for working capital purposes and general corporate purposes, including financing capital expenditure and potential acquisition opportunities which the Group may pursue in the future as part of its strategic objectives. Full Article
Singapore commodity firms crimp spending in challenging times
SINGAPORE - Singapore-listed commodity firms Olam International Ltd , Noble Group Ltd and Wilmar International Ltd are cutting capital expenditure, making more selective acquisitions and seeking partnerships to weather volatile markets.
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