| Fri 11 Dec 2009, 12:56 | | OMN - Omnia Holdings Limited - Results Of General Meeting |
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OMN
OMN
OMN - Omnia Holdings Limited - Results Of General Meeting
Omnia Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1967/003680/06)
JSE code: OMN
ISIN: ZAE000005153
("Omnia" or "the Company")
RESULTS OF GENERAL MEETING
Omnia shareholders ("Shareholders") are referred to the Notice of General
Meeting released by Omnia on SENS on 26 November 2009 wherein the details of
the general meeting to consider the following transactions were provided to
Shareholders:
- the sale by Omnia Group Investments Limited ("OGI"), a subsidiary of
Omnia, of 5% of the equity and shareholder loan claims in Omnia Group
(Proprietary) Limited ("Omnia Group"), a subsidiary of OGI, to Nanotron
Investments (Proprietary) Limited (referred to as "ExecCo"), a company
to be owned by the executives of Omnia and Omnia;
- the sale by OGI of 2% of the equity and shareholder loan claims in Omnia
Group (the "Sakhile II 1st Tranche") to Sakhile Initiative 2
(Proprietary) Limited (previously, African Dune Investments 262
(Proprietary) Limited) (referred to as "Sakhile II"), a company to be
owned by black board members, executives and employees of Omnia and
Omnia; and
- the sale by OGI of a further 3% of the equity and shareholder loan
claims in Omnia Group (together with the Sakhile II 1st Tranche referred
to as the "Sakhile II Transaction") to Sakhile II during a period of up
to 3 years from the effective date of the Sakhile II Transaction,
(collectively, the "Transactions").
Omnia is pleased to announce that 99.62% of Shareholders present or
represented voted in favour of the ordinary resolutions contained in the
Notice of General Meeting thereby approving the Transactions.
Furthermore, the Company wishes to inform Shareholders that the deadline to
fulfil the conditions precedent to the Transactions has been extended by
ExecCo, Sakhile II, OGI and Omnia Group to 31 January 2010.
Johannesburg
11 December 2009
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 11/12/2009 12:56:01 Produced by the JSE SENS Department.
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