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1 The two Sakhile Initiative entities relate to employee ownership schemes
2 Acquisition effective from 1 May 2018
3 Omnia Group Investments Limited includes the 5%held by Nanotron Investments
4 The three main operating divisions, Agriculture, Mining and Chemicals form part of Omnia Group (Pty) Ltd
Omnia Holdings Limited
Omnia Holdings is listed on the JSE Limited in the chemicals sector under the share code (OMN). At 31 March 2019, 69 052 173 shares were in issue. Omnia Holdings' wholly-owned subsidiary, Omnia Group Investments holds an 86.5% effective interest in Omnia Group (Pty) Ltd, the entity through which the Agriculture, Mining and Chemicals divisions operate.
Our other shareholders in the Omnia Group are Sakhile Initiative 1 and Sakhile Initiative 2. These entities are majority owned by black employees and black management, with an emphasis on black economic empowerment. Collectively, Sakhile 1 and Sakhile 2 owns 13.5% of Omnia Group (Pty) Limited.
Omnia Group Investments Limited
Omnia Group Investments was established in 1964 as an investment holding company. The company effectively owns 86.5% of Omnia Group (Pty) Limited that holds the operating divisions of Agriculture, Mining and Chemicals.
Sakhile Initiative Limited (Sakhile 1)
Sakhile 1 was established on 1 April 2007 as a broad-based black economic empowerment (BBBEE) vehicle. Shares in Sakhile 1 are owned by Omnia permanent employees residing in South Africa. Sakhile owns 10% of Omnia Group (Pty) Limited.
Sakhile Initiative 2 Limited (Sakhile 2)
The second phase of the BBBEE employee share scheme was launched during 2010 and implemented through a company called Sakhile 2. Sakhile 2 is an incentive vehicle used to attract, retain, develop and reward talented and key black permanent employees and black executives who are based in South Africa. The incentive scheme terminates on the seventh anniversary of each of the three tranches of shares issued to participants from January 2017 onwards. The benefits are paid out to participants by issuing Omnia Holdings Limited shares. The value of the Sakhile 2 share is calculated based on the underlying value of Omnia Group (Pty) Ltd. The price of a Sakhile 2 share does not bear any reference to the Omnia Holdings Limited share price as per the JSE.