tiprankstipranks
Trending News
More News >

Olam Group Allocates Treasury Shares for Director Remuneration

Story Highlights
  • Olam Group transferred 320,100 treasury shares to Non-Executive Directors as remuneration.
  • The transfer reduced treasury shares from 61,550,800 to 61,230,700, impacting share percentages.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Olam Group Allocates Treasury Shares for Director Remuneration

Confident Investing Starts Here:

Olam Group ( (SG:VC2) ) has issued an announcement.

Olam Group Limited has announced the transfer of 320,100 treasury shares to its Non-Executive Directors as part of their remuneration for the financial year ending December 31, 2024. This move, valued at S$304,223.04, reflects the company’s strategy to manage its equity and incentivize its leadership, slightly reducing its treasury shares from 61,550,800 to 61,230,700, which impacts the percentage of treasury shares against the total number of ordinary shares outstanding.

More about Olam Group

Olam Group Limited is a Singapore-based company operating in the agricultural industry. It is involved in the sourcing, processing, and distribution of agricultural products and food ingredients, focusing on sustainable supply chains and global market reach.

Average Trading Volume: 2,266,993

Technical Sentiment Signal: Sell

Current Market Cap: S$3.37B

For an in-depth examination of VC2 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App