Increase In Investment In Subsidiaries
Olam International Limited (the “Company”) wishes to announce the increase of its investment in the following wholly-owned subsidiaries:
(1) OLAM POLSKA SP. Z.O.O.
The Company has increased its investment in Olam Polska Sp. Z.o.o. from PLN866,000 to PLN4,366,000 through subscription of an additional 3,500 shares of PLN1,000 each at PLN1,000 per share fully paid.
(2) OLAM ARGENTINA S.A.
The Company has increased its investment in Olam Argentina S.A. from ARS12,000 to ARS3,050,000 through subscription of an additional 3,038,000 common, non-endorsable registered stocks, of ARS1 par value each, at ARS1 per share partially paid.
(3) OUTSPAN IVOIRE S.A.
The Company has increased its investment in Outspan Ivoire S.A. from XOF3,000,000,000 to XOF3,500,000,000 through subscription of an additional 50,000 shares of XOF10,000 each at XOF10,000 per share fully paid.
(4) OUTSPAN BRASIL IMPORTAC?O E EXPORTAC?O LTDA.
The Company has increased its investment in Outspan Brasil Importac?o E Exportac?o Ltda. from BRL2,700,000 to BRL6,000,000 through subscription of an additional 3,300,000 shares of BRL1 each at BRL1 per share fully paid.
The above transactions were funded by internal resources and are 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 transactions.