Olam Intl

OLAM_OLAM

I think it is going to test the 53week high of 1.87. I am just resisting selling, so tempted to take profit

FATABA ( Date: 09-Sep-2021 13:14) Posted:

Definately in the right direction for OFI listing ...esp w his experience and listing in LSE .
I wonder how much more then the est $3B listing can they get out of this ....excluding SGX listing too
Olam will have an exciting period in the next 6/12 mths.
Dyodd

PhillipTan ( Date: 09-Sep-2021 13:08) Posted:

Olam picks former Unilever chief to chair food ingredients unit' s board

Agri-food giant Olam International on Thursday named Unilever veteran Niall FitzGerald as the first chair of Olam Food Ingredients' (OFI) board of directors with effect from Sept 9.

Formerly chief executive officer (CEO) and chairman of Unilever, Mr FitzGerald' s executive career at Unilever spanned 37 years up until his retirement in 2004. This included 18 years as an executive board member at the multinational consumer goods company, during which the Irishman served as finance director, foods director and detergents director up until his appointment as chair and CEO in 1996.

Mr FitzGerald is currently chair of the UK' s grant-making organisation Leverhulme Trust as well as British advisory firm Hakluyt International Advisory Council. He is also a patron of the British Irish Chamber of Commerce.

His previous chairmanships include Reuters, Brand Learning, British Museum, Nelson Mandela Legacy Trust, International Business Council and the Advertising Association. He has served on the boards of several organisations, including Bank of Ireland, Ericsson, Merck and Prudential Corp.

In a press statement, Olam' s board chairman Lim Ah Doo said Mr FitzGerald' s appointment comes as an important step in its ongoing preparations for the concurrent listing and demerger of its food and ingredients business unit, OFI.

" I am confident that Niall will build and lead an effective board for OFI, which will provide stewardship for sustained profitable growth and value creation with best-in-class governance for all its stakeholders," said Mr Lim.

A Shekhar, chief executive of OFI, said the new appointment comes at an important next phase of the company' s evolution, in which Mr FitzGerald' s counsel and support will be " hugely valuable" to him and his management team.

OFI was established by Olam in early 2020 following a reorganisation of the mainboard-listed group.

The unit includes Olam' s cocoa, coffee, edible nuts, spices and dairy businesses. It is targeted for a primary listing on the premium segment of the London Stock Exchange, and a concurrent listing on the Singapore Exchange in H1 of 2022.

Shares of Olam ended Wednesday at S$1.59, down S$0.02 or 1.2 per cent.

Definately in the right direction for OFI listing ...esp w his experience and listing in LSE .
I wonder how much more then the est $3B listing can they get out of this ....excluding SGX listing too
Olam will have an exciting period in the next 6/12 mths.
Dyodd

PhillipTan ( Date: 09-Sep-2021 13:08) Posted:

Olam picks former Unilever chief to chair food ingredients unit' s board

Agri-food giant Olam International on Thursday named Unilever veteran Niall FitzGerald as the first chair of Olam Food Ingredients' (OFI) board of directors with effect from Sept 9.

Formerly chief executive officer (CEO) and chairman of Unilever, Mr FitzGerald' s executive career at Unilever spanned 37 years up until his retirement in 2004. This included 18 years as an executive board member at the multinational consumer goods company, during which the Irishman served as finance director, foods director and detergents director up until his appointment as chair and CEO in 1996.

Mr FitzGerald is currently chair of the UK' s grant-making organisation Leverhulme Trust as well as British advisory firm Hakluyt International Advisory Council. He is also a patron of the British Irish Chamber of Commerce.

His previous chairmanships include Reuters, Brand Learning, British Museum, Nelson Mandela Legacy Trust, International Business Council and the Advertising Association. He has served on the boards of several organisations, including Bank of Ireland, Ericsson, Merck and Prudential Corp.

In a press statement, Olam' s board chairman Lim Ah Doo said Mr FitzGerald' s appointment comes as an important step in its ongoing preparations for the concurrent listing and demerger of its food and ingredients business unit, OFI.

" I am confident that Niall will build and lead an effective board for OFI, which will provide stewardship for sustained profitable growth and value creation with best-in-class governance for all its stakeholders," said Mr Lim.

A Shekhar, chief executive of OFI, said the new appointment comes at an important next phase of the company' s evolution, in which Mr FitzGerald' s counsel and support will be " hugely valuable" to him and his management team.

OFI was established by Olam in early 2020 following a reorganisation of the mainboard-listed group.

The unit includes Olam' s cocoa, coffee, edible nuts, spices and dairy businesses. It is targeted for a primary listing on the premium segment of the London Stock Exchange, and a concurrent listing on the Singapore Exchange in H1 of 2022.

Shares of Olam ended Wednesday at S$1.59, down S$0.02 or 1.2 per cent.

Olam picks former Unilever chief to chair food ingredients unit' s board

Agri-food giant Olam International on Thursday named Unilever veteran Niall FitzGerald as the first chair of Olam Food Ingredients' (OFI) board of directors with effect from Sept 9.

Formerly chief executive officer (CEO) and chairman of Unilever, Mr FitzGerald' s executive career at Unilever spanned 37 years up until his retirement in 2004. This included 18 years as an executive board member at the multinational consumer goods company, during which the Irishman served as finance director, foods director and detergents director up until his appointment as chair and CEO in 1996.

Mr FitzGerald is currently chair of the UK' s grant-making organisation Leverhulme Trust as well as British advisory firm Hakluyt International Advisory Council. He is also a patron of the British Irish Chamber of Commerce.

His previous chairmanships include Reuters, Brand Learning, British Museum, Nelson Mandela Legacy Trust, International Business Council and the Advertising Association. He has served on the boards of several organisations, including Bank of Ireland, Ericsson, Merck and Prudential Corp.

In a press statement, Olam' s board chairman Lim Ah Doo said Mr FitzGerald' s appointment comes as an important step in its ongoing preparations for the concurrent listing and demerger of its food and ingredients business unit, OFI.

" I am confident that Niall will build and lead an effective board for OFI, which will provide stewardship for sustained profitable growth and value creation with best-in-class governance for all its stakeholders," said Mr Lim.

A Shekhar, chief executive of OFI, said the new appointment comes at an important next phase of the company' s evolution, in which Mr FitzGerald' s counsel and support will be " hugely valuable" to him and his management team.

OFI was established by Olam in early 2020 following a reorganisation of the mainboard-listed group.

The unit includes Olam' s cocoa, coffee, edible nuts, spices and dairy businesses. It is targeted for a primary listing on the premium segment of the London Stock Exchange, and a concurrent listing on the Singapore Exchange in H1 of 2022.

Shares of Olam ended Wednesday at S$1.59, down S$0.02 or 1.2 per cent.

Is now up strongly after healthy correction.

PhillipTan ( Date: 05-Sep-2021 14:47) Posted:

After I posted the news of the 5 year notes, shortly after, someone posted the same news again
So... Dé jà vu...
Only if I can predict stock movements so accurately hahahaha...

ysh2006 ( Date: 03-Sep-2021 06:25) Posted:

May know what does it mean ? Akan datang coming

After I posted the news of the 5 year notes, shortly after, someone posted the same news again
So... Dé jà vu...
Only if I can predict stock movements so accurately hahahaha...

ysh2006 ( Date: 03-Sep-2021 06:25) Posted:

May know what does it mean ? Akan datang coming ?

PhillipTan ( Date: 02-Sep-2021 22:37) Posted:

I think...
I can feel a sense of dé jà vu coming...

Hope they going to pump up the price using the funds lol

this will be SGX darling by next year. see price movement u alr know the insiders r buying up

Beside the listing of Ofi and Oga....I would not be surprise that OLAM maybe going at large PURCHASE to boost up the 2 separated counters
Olam could become a MAJOR regional food source supplier .......w Temasek at main holder
Dyodd

Joelton ( Date: 03-Sep-2021 09:39) Posted:

Olam prices JPY9b 5-year notes at 1.61% in private placement

MAINBOARD-LISTED Olam International Olam Intl: O32 -0.61% has priced JPY 9 billion (US$81 million) five-year notes due 2026, via a private placement, the food and agri-business company said on Thursday in a bourse filing.

The private placement is part of Olam' s US$5 billion euro medium term note programme. The notes were issued at a fixed coupon of 1.61 per cent, payable semi-annually in arrears. It will mature on September 2, 2026.

Societe Generale (Singapore) was the sole manager and swap dealer for this transaction.

Olam said the proceeds will be used by it and its subsidiaries for working capital and general corporate purposes, " including financing capital expenditure and potential acquisition opportunities which the group may pursue in the future as part of its strategic objectives" .

Borrow so much money this year..
Major expansion ??

Olam prices JPY9b 5-year notes at 1.61% in private placement

MAINBOARD-LISTED Olam International Olam Intl: O32 -0.61% has priced JPY 9 billion (US$81 million) five-year notes due 2026, via a private placement, the food and agri-business company said on Thursday in a bourse filing.

The private placement is part of Olam' s US$5 billion euro medium term note programme. The notes were issued at a fixed coupon of 1.61 per cent, payable semi-annually in arrears. It will mature on September 2, 2026.

Societe Generale (Singapore) was the sole manager and swap dealer for this transaction.

Olam said the proceeds will be used by it and its subsidiaries for working capital and general corporate purposes, " including financing capital expenditure and potential acquisition opportunities which the group may pursue in the future as part of its strategic objectives" .

May know what does it mean ? Akan datang coming ?

PhillipTan ( Date: 02-Sep-2021 22:37) Posted:

I think...
I can feel a sense of dé jà vu coming...

1.61% is very cheap.

PhillipTan ( Date: 02-Sep-2021 22:37) Posted:

I think...
I can feel a sense of dé jà vu coming...

Olam prices JPY9b 5-year notes at 1.61% in private placement

Mainboard-listed Olam International has priced JPY 9 billion (US$81 million) five-year notes due 2026, via a private placement, the food and agri-business company said on Thursday in a bourse filing.

The private placement is part of Olam' s US$5 billion euro medium term note programme. The notes were issued at a fixed coupon of 1.61 per cent, payable semi-annually in arrears. It will mature on September 2, 2026.

Societe Generale (Singapore) was the sole manager and swap dealer for this transaction.

Olam said the proceeds will be used by it and its subsidiaries for working capital and general corporate purposes, " including financing capital expenditure and potential acquisition opportunities which the group may pursue in the future as part of its strategic objectives" .

Shares of Olam ended Thursday at S$1.62, down S$0.01 or 0.6 per cent.

Healthy correction is over and done with, Time to buy again.

Joelton ( Date: 01-Sep-2021 09:45) Posted:

Olam secures US$5.2b loans for reorganisation plans, general corporate purposes

AGRI-BUSINESS firm Olam International has secured US$5.2 billion worth of loans in part to support its business reorganisation plans, the mainboard-listed firm said in a Singapore Exchange filing on Tuesday evening.

The three facilities comprise a US$1.2 billion three-year term loan and two 18-month bridge loan facilities of US$2 billion each.

The term loan facility will be used for general corporate purposes of the Olam Group while the bridge loan facilities will be used to facilitate Olam' s reorganisation plans.

Olam had announced that it plans to list Olam Food Ingredients (OFI) by the first half of 2022 as part of its ongoing business reorganisation. OFI consists of the company' s cocoa, coffee, edible nuts, spices and dairy businesses.

The terms of the three facility agreements include provisions that allow Olam to allocate the facilities to OFI, Olam Global Agri and Olam International operating groups upon the demerger and listing of OFI.

Olam' s Group CFO, N Muthukumar, said in a statement: " This landmark transaction gives us significant flexibility to allocate financing across our three new operating groups as part of our reorganisation plan. We thank our banking partners for their strong commitment and support."

The term loan and one of the bridge loan facilities have entities from OFI as co-borrowers, while the second bridge loan has entities from OGA and OIL as additional co-borrowers. All facilities are guaranteed by Olam.

Citibank, JP Morgan Chase Bank, MUFG Bank and HSBC participated as senior mandated lead arrangers for the facilities. HSBC is the facility agent.