Olive Tree Estates Faces Mandatory Unconditional Cash Offer: Shareholders Urged to Act by 28 November 2025

Key Highlights Investors Must Know

• Advansory Investment Pte. Ltd. launches a mandatory unconditional cash offer for all ordinary shares of Olive Tree Estates Limited not already owned or controlled.
• Offer is made via Evolve Capital Advisory Private Limited, with the formal offer document issued on 31 October 2025.
• All offer documents are disseminated electronically—no printed copies will be sent except acceptance forms.
• The offer WILL CLOSE at 5:30 p.m. (Singapore time) on 28 November 2025. This deadline is firm unless a competitive situation arises.
• Shareholders must act quickly to accept the offer; instructions for both CDP and scrip holders are provided.
• The views of the Independent Directors and their appointed independent financial adviser will be made available within 14 days of the offer document.
• This offer could lead to significant changes in control and ownership structure of Olive Tree Estates, potentially impacting share value.

Detailed Analysis and Investor Considerations

The board of Olive Tree Estates Limited has formally notified shareholders that Advansory Investment Pte. Ltd., acting through Evolve Capital Advisory, has issued a mandatory unconditional cash offer for all remaining ordinary shares in the company. This move, announced on 10 October 2025, is mandated under Rule 14 of the Singapore Code on Take-overs and Mergers after Advansory Investment crossed the regulatory threshold for a mandatory bid.

The offer is unconditional, meaning Advansory is committed to purchasing any and all shares tendered by shareholders (excluding treasury shares and those already owned or controlled by Advansory or its concert parties). The offer document was released electronically on 31 October 2025, and shareholders are instructed to retrieve all relevant information and forms from the Singapore Exchange (SGX-ST) website. No physical offer documents will be sent out, except for the Form of Acceptance (FAA or FAT), which is crucial for participating in the offer.

Why This is Price Sensitive and What Shareholders Must Do

• Deadline to Act: The offer closes sharply at 5:30 p.m. (Singapore time) on 28 November 2025. Shareholders who do not respond by then will lose the opportunity to tender their shares under this offer.
• Acceptance Procedures:
  • CDP account holders must complete and submit the FAA, either by mail (using the provided pre-addressed envelope) or electronically via the SGX-ST Investor Portal (for individual/joint-alt holders only).
  • Scrip holders (physical share certificates) must submit the FAT, share certificates, and other required documents either by hand or post to the Registrar at Boardroom Corporate & Advisory Services Pte. Ltd., Keppel Bay Tower, Singapore.
• If you do not receive your acceptance form, you must contact either CDP (for electronic shares) or Boardroom Corporate & Advisory Services (for scrip shares) immediately. Electronic copies can also be downloaded from the SGX-ST website.
• The Offeror has made it clear that it will NOT extend the offer beyond the closing date unless a competitive offer emerges.
• Any change in control from this unconditional offer could result in significant strategic, operational, or management changes at Olive Tree Estates.
• The Independent Directors and an independent financial adviser will provide their assessment of the offer within 14 days of the offer document dissemination. Investors are strongly advised to await and consider this advice before making a decision.

Potential Impact on Share Price and Investor Strategy

This is a major corporate event that could significantly impact the valuation and future direction of Olive Tree Estates Limited. A mandatory unconditional cash offer typically places a floor under the share price at the offer level, while also introducing uncertainty about post-offer management and strategy. The absence of an extension unless there is a rival bid adds further urgency for investors to make a decision.

Investors should note that the full terms, including offer price and conditions, are available in the offer document on SGX-ST. The outcome of this offer may result in the company being delisted or otherwise restructured, depending on the level of acceptances received and Advansory’s intentions post-offer.

Action Steps for Shareholders

1. Review the offer document and related materials on SGX-ST immediately.
2. Await the advice from the Independent Directors and independent financial adviser but prepare your acceptance form in advance.
3. Decide whether to accept the offer before the hard deadline of 28 November 2025, 5:30 p.m.
4. Contact CDP or the Registrar if you have not received your acceptance form.
5. Monitor for any competing bids or further announcements.

Conclusion

The mandatory unconditional cash offer for Olive Tree Estates Limited by Advansory Investment Pte. Ltd. is a critical, price-sensitive development that requires immediate attention from all shareholders. The outcome could dramatically alter the ownership and strategic trajectory of the company, with significant implications for share value. Investors are urged to act promptly and to consider professional advice before making their decision.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or an offer to sell or the solicitation of an offer to buy any securities. Shareholders should consult with their financial, legal, or other professional advisers before taking any action in relation to the offer.

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