Issue Of Convertible Bonds – Extension Of Exercise Period For Upsize Option
- Attachments: 20080630_issuebonds
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OLAM INTERNATIONAL LIMITED (THE "COMPANY") IN RESPECT OF ITS NEW OPERATING GROUP, OLAM FOOD INGREDIENTS (“OFI”). OFI WAS CREATED AFTER THE RE-ORGANISATION OF THE COMPANY’S GLOBAL FOOD AND AGRI-BUSINESS INTO TWO DISTINCT REPORTING SEGMENTS. UNTIL SUCH TIME AS A FURTHER ANNOUNCEMENT IS MADE, OFI FORMS PART OF THE COMPANY'S GROUP. THE MATERIALS ARE MADE AVAILABLE IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY. THE MATERIALS ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OF AMERICA, INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA (TOGETHER, THE “UNITED STATES”), OR DIRECTED AT OR INTENDED TO BE ACCESSIBLE BY PERSONS LOCATED IN THE UNITED STATES (OTHER THAN TO QUALIFIED INSTITUTIONAL BUYERS (“QIBS”) WITHIN THE MEANING OF RULE 144A UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR PURSUANT TO ANOTHER EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT), CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL OR WOULD REQUIRE ANY REGISTRATION OR LICENSING WITHIN SUCH JURISDICTION.
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On 26 February 2021, the Company announced that it was preparing OFI for listing (the “Proposed Listing”). In the same announcement, the Company said it was evaluating a scheme of arrangement and a demerger of OFI from the Olam Group. The Company wishes to highlight that any such listing, scheme and demerger, including the timing, terms and other details thereof, are subject to all requisite approvals and clearances from the regulatory authorities, relevant approvals of shareholders of the Company, the approval of the Singapore courts, and prevailing market conditions. The Board of Directors of the Company (the "Board") may also decide not to proceed with the scheme, listing and/or demerger, even if the said approvals and clearances have been obtained, if the Board deems it not in the interests of the Company and its shareholders to do so, having regard to the prevailing circumstances and relevant factors at the material time. Accordingly, shareholders of the Company should note that there is no certainty or assurance that such scheme, listing and/or demerger will finally occur or in the form as described here. As the re-organisation progresses, the Company will provide updates to shareholders and stakeholders on the process, listing venue and related developments, and will seek the requisite approvals and clearances from shareholders and the relevant authorities, at the appropriate times, in accordance with applicable laws and regulations and the listing rules of the SGX-ST and other relevant regulators, as applicable.
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