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Construction workers [photo] 


Omnia Holdings said on Friday that Helgaard Marais had been appointed to its board as a nonexecutive director in his capacity as alternate director to Dr WT Marais, with immediate effect. Mr Helgaard Marais is an independent businessman who serves on the boards of various companies involved in the agricultural sector. Business Day Reporter

Omnia shareholders are referred to the trading statement published on 8 November 2010 wherein they were advised that the group's earnings and headline earnings per share for the six months ended 30 September 2010 were expected to be at least 220% higher than those for the six months ended 30 September 2009.

Omnia is a diversified specialist chemical services company providing customised solutions to the chemicals, mining, and agriculture markets.

Omnia today announced that its Rights Offer of R1 billion which closed on Friday 10 September, attracted subscriptions totaling R2.02 billion - an oversubscription of 102%.

Omnia shareholders ("shareholders") are referred to the announcements published on SENS on Thursday, 20 May 2010 and Thursday, 29 July 2010 wherein shareholders were advised of a proposed R1 billion capital raising exercise to be implemented by Omnia by way of a renounceable claw back offer and rights offer of 20 million new Omnia ordinary shares ("offer shares") at R50 (fifty rand) ("subscription price") per offer share ("the offer").

Rod Humphris, Managing Director, released the Omnia Group’s annual results today, indicating that “the unprecedented market conditions that prevailed in the 2009 financial year, together with a 23% stronger rand in this financial year, led to depressed earnings in the year ended 31 March 2010. 

Omnia today announced a R1.4bn capital investment in the construction of world class Nitric Acid (HNO3) and Ammonium Nitrate (AN) plant and associated facilities in South Africa to meet growing demand in explosives and fertilizer markets.

Omnia has completed its FY2009 BBBEE formal verification and it has, in line with its strategy, achieved a Level 5 status with an overall score of 58.42 in terms of the DTI BBBEE Codes of Good Practice.

Omnia Fertilizer welcomes the stance on crime taken by the Honourable Minister of Agriculture, Forestry and Fisheries, Ms Tina Joemat-Pettersson in the Debate on Budget in Parliament yesterday.

Omnia Fertilizer, a division of the Omnia Group, today announced that it will start a process to evaluate the possible mothballing of its phosphoric acid plant located outside of Rustenburg.

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