|Basic Information on Olam Warrants (Olam W 180129 US$)|
|Issue date:||29 January 2013|
|Singapore Exchange (SGX) listing date:||31 January 2013|
|Number of outstanding warrants:||18,905,936(1)
(1)As at 18 January 2018
|Exercise price:||US$1.09(2) for each New Share on the exercise of a Warrant
(2)Exercise price was adjusted with effect from 11 Sep 2017.
|Exercise period:||Commencing on and including the date falling 36 months after 29 January 2013 and expiring at 5.00 p.m. (Singapore time) on a date falling 60 months after 29 January 2013 (i.e. 29 January 2018), excluding such period(s) during which the register of warrantholders may be closed pursuant to the deed poll.|
|Expiry date and time:||29 January 2018, 5.00 p.m. Singapore time|
|Warrant Agent:||Boardroom Corporate & Advisory Services Pte. Ltd
50 Raffles Place, #32-01 Singapore Land Tower
Telephone: +65-6536 5355
|How to exercise your warrants:||The warrant exercise notice can be obtained from the Warrant Agent’s office stated above. For enquiry on the documents required and process for warrants exercise, you may also contact the Warrant Agent.|
If you had not purchased these warrants from the open market, you would have received these warrants which came free and detachable with your subscription to the US$750 million 6.75% bonds due 2018 (the “Bonds”) in January 2013. The Company has fully redeemed the Bonds. Each warrant carries the right to subscribe for one new ordinary share of the Company.
You may either exercise your warrants and convert these to ordinary shares or sell these warrants in the open market on the SGX. The last day to exercise the warrants is 29 January 2018 (5.00 pm Singapore time) and the last day of trading of warrants is 5 market days before the last date*. Please note that the warrants are traded in US dollars while the shares are traded in Singapore dollars.
*To be confirmed by CDP/SGX upon approval of the Company’s warrant expiry notice.
The exercise price is US$1.09, which was last adjusted on 11 September 2017. This price applies to all warrants held by warrantholders at the time of a warrant exercise. Please note that the shares of the Company are traded in Singapore dollars on the SGX.
No, the exercise price is in US dollars only.
Condition 5 of the Warrant Instrument sets out a list of conditions whereby the exercise price and the number of warrants may be adjusted from time to time. An example from the list of conditions is the payment of dividend by the Company. If the Company pays a dividend before the warrants expire, an adjustment will be made to the exercise price and the number of warrants. Please look out for any announcement that the Company makes from time to time.
The warrant exercise notice can be obtained from the Warrant Agent’s office stated above. For enquiry on the documents required and process for warrants exercise, you may also contact the Warrant Agent.
If you exercise your warrants today, you shall within five (5) business days after the relevant exercise date receive the shares credited to your securities account.
If you elect in the warrant exercise notice to receive physical share certificates in respect of the shares arising from the exercise of the warrants, the Company shall despatch, not later than five business days after the exercise date, by ordinary post to the address specified in the exercise notice.
The warrant agent has despatched a notice on the expiry of the warrants to all warrant holders on 18 December 2017.
The last day for trading in the warrants on the SGX will be 22 January 2018 and trading will cease with effect from 23 January 2018. The warrants will then be de-listed from the Official List of the SGX with effect from 30 January 2018.
The above information is correct as of 18 January 2018.