Olam Shareholding Structure

    Olam was established in 1989 by the Kewalram Chanrai Group (KC Group), one of the oldest international companies in Africa and Asia with more than 150 years of trading history. 

    Over the past 30 years, Olam has developed into a global food and agri-business headquartered in Singapore with global market leadership positions in many of its businesses. Our success has enabled us to attract co-sponsors, strategic and long term investors, as well as world-class institutional investors, providing stability and business and financial strength to the Company.

    Our shareholder base reflects the long-term tenor of our strategy. Temasek Holdings, an Asia investment company headquartered in Singapore, became the majority shareholder of Olam after the completion of a voluntary general offer in May 2014. It currently owns 1,963,148,732 shares through Breedens Investments and Aranda Investments, representing 51.1% of the total issued share capital of Olam.

    Mitsubishi Corporation (MC Group), a global integrated business enterprise headquartered in Japan, took a 20.0% equity stake in the Company and became a strategic investor and the second largest shareholder of Olam in September 2015. It now holds 554,689,829 shares or 14.4% of issued capital and has two representatives on the Board. The MC Group is a global integrated business enterprise that develops and operates businesses together with its offices and subsidiaries in approximately 90 countries and regions worldwide, as well as a global network of around 1,700 group companies. Its strategic investment in Olam sets the platform for a long term strategic partnership with Olam, with several mutually beneficial potential collaboration opportunities, including a joint venture in Japan which has been set up to market specific products of Olam that can leverage its strong distribution and retail presence and Olam’s deep origination expertise in those products.

    Shareholder                                              Percentage held
    Temasek Holdings 51.1%
    Mitsubishi Corporation
    14.4%
    Kewalram Chanrai Group
    6.8%
    Directors 4.3%
    Other Institutional and Public 23.4%

    The KC Group holds 260,000,000 shares or approximately 6.8% of total issued capital.  The Directors hold 4.3% of issued shares, including shares held by Co-Founder and Group CEO, Sunny George Verghese.

    Other institutional and public shareholders hold approximately 23.4% of the total issued share capital.

    As of  7 April 2022, Olam’s total number of issued shares  is is 3,842,625,185 (excluding treasury shares of 52,967,226).

    Characteristics of Public Shareholder Base

    As of end-Oct 2021, about 7.7% of total issued share capital (excluding treasury shares) was held by institutional investors.

    Distribution of Institutional Shareholders by Country/Region
    Country/Region Distribution
    Americas 79%
    Singapore 8%
    UK
    3%
    Europe (excluding UK) 4%
    Asia (excluding Singapore) & Others 6%
    Distribution of Institutional Shareholders by Investment Style
    Investment Style                        Distribution
    Value 58%
    Index 17%
    GARP 10%
    Hedge Funds 6%
    Growth 3%
    Others 6%

    Source: NASDAQ

    Employee Share Option Scheme

    The Olam Employee Share Option Scheme (the “ESOS 2005”) was approved by shareholders at an Extraordinary General Meeting held on 4 January 2005. The ESOS 2005 rules were amended on 29 October 2008 at the Extraordinary General Meeting of the Company. The ESOS 2005 was terminated and expired on 3 January 2015 as a Share Grant Plan was adopted at the 20th Annual General Meeting held on 30 October 2014. However, the terms of the ESOS 2005 will continue to apply to the options granted under the scheme. As of 31 December 2020, the Company has 18,527,000 outstanding options.
     

    Olam Share Grant Plan

    On 30 October 2014, the Company had adopted the new Olam Share Grant Plan, a share-based incentive plan which involves the award of fully-paid shares, when and after pre-determined performance or service conditions are accomplished. Any performance targets set under the Plan are intended to be based on longer-term corporate objectives covering market competitiveness, quality of returns, business growth and productivity growth. The number of contingent shares granted but not released as of 31 December 2020 was 48,089,659. These include 31,642,622 performance shares where the final number of shares to be delivered will range from 0% to 200% of the base award. The performance shares are governed by the terms and conditions of the Employee Share Grant Plan, including the achievement of pre-determined targets during the three year performance period. The targets are Absolute Total Shareholder Return, Relative Total Shareholder Return, Return on Equity and Profit After Tax and Minority Interest Growth.

    Talk to Our Team

    Whether you’re interested in speaking to our investors team about investing with us, enquiring about our re-organisation or more information on our financial results, we want to hear from you.

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