Acquisition Of Shares In Subsidiary – Caraway Foods International (Nigeria) Limited
Olam International Limited (the “Company”) wishes to announce that pursuant to an internal restructuring exercise, the Company has acquired from its direct wholly-owned subsidiary, Caraway Pte. Ltd., Singapore 2,500,000 ordinary shares of N1.00 each in the capital of Caraway Foods International (Nigeria) Limited, Nigeria (“Caraway Nigeria”) (the “Acquisition”).
Following the Acquisition, Caraway Nigeria now becomes a direct wholly-owned subsidiary of the Company.
The above transaction is not expected to have any significant impact on the financial position of Olam group for the current financial year.
None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in the above transaction.