Omnia Holdings Limited
Omnia Holdings is listed on the JSE Limited in the chemicals sector under the share code (OMN). At 31 March 2015, 67 471 010 shares (excluding 822 342 treasury shares) were in issue with a market capitalisation of around R11.6 billion. 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 2 186 Omnia employees residing in South Africa, who are not part of other management incentive schemes. Sakhile owns 10% of Omnia Group (Pty) Limited. The incentive scheme terminates on the twelfth anniversary of its inception and the benefits are paid out to participants by issuing Omnia Holdings listed shares for a value equal to that of a Sakhile share, as determined by the scheme's Memorandum of Incorporation (MOI).
Sakhile Initiative 2 Limited (Sakhile 2)
Sakhile 2 was established in January 2009 as an investment vehicle to retain senior black employees as well as attracting and retaining talented employees of colour. Sakhile 2 owns 3.5% of Omnia Group (Pty) Limited. The incentive scheme terminates on the seventh anniversary of each of the three tranches of shares issued to the 148 participants from January 2017 onwards. The benefits are paid out to participants by issuing Omnia Holdings Limited shares.