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Olam Group Transfers Treasury Shares for Director Remuneration

Story Highlights
  • Olam Group operates in the agricultural industry, focusing on sustainable solutions.
  • The company transferred 50,800 treasury shares to a Director, reducing its treasury holdings.
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Olam Group Transfers Treasury Shares for Director Remuneration

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

Olam Group Limited has announced the transfer of 50,800 treasury shares to a Director as part of the Non-Executive Directors’ remuneration for the financial year ending December 31, 2024. This move slightly reduces the company’s treasury shares from 64,230,700 to 64,179,900, reflecting a minor change in the percentage of treasury shares against the total number of ordinary shares outstanding, which is part of their strategic financial management.

More about Olam Group

Olam Group Limited is a company incorporated in Singapore, operating within the agricultural industry. It is involved in the production and distribution of various agricultural products and services, focusing on delivering sustainable and innovative solutions to meet global food and agricultural needs.

Average Trading Volume: 2,278,393

Technical Sentiment Signal: Strong Sell

Current Market Cap: S$3.52B

See more data about VC2 stock on TipRanks’ Stock Analysis page.

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