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1 The Sakhile Initiative relate to employee ownership schemes
2 The three main operating divisions, Agriculture (consisting of Omnia Fertilizer), Mining (consisting of BME and Protea Mining Chemicals) and Chemicals (consisting of Protea Chemicals and Umongo Petroleum) 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 2020,169 052 173 shares were in issue. Omnia Holdings' wholly-owned subsidiary, Omnia Group Investments holds an 96.5% 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 2. This entity is majority owned by black employees and black management, with an emphasis on black economic empowerment.
Omnia Group Investments Limited
Omnia Group Investments was established in 1964 as an investment holding company. The company effectively owns 96.5% of Omnia Group (Pty) Limited that holds the operating divisions of Agriculture, Mining and Chemicals.
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.