Olam Group LimitedSGX: VC2

Olam Group To Allocate $2 Billion To De-Lever Balance Sheet

· Issued by Olam Group Limited

Olam Group Ltd SGX:VC2:

  • TO ALLOCATE $2 BILLION TO DE-LEVER BALANCE SHEET

  • TO RE-INITIATE SHARE BUYBACKS

  • TO INVEST US$500 MILLION OF EQUITY INTO OFI

  • TO DISTRIBUTE PROCEEDS TO SHAREHOLDERS VIA SPECIAL DIVIDENDS

  • TO SUPPORT STRATEGIC INITIATIVES TO UNLOCK POTENTIAL VALUE OF OFI, LIKE EXPLORING CONCURRENT LISTING IN EUROPE AND IN SINGAPORE