OMNIA HOLDINGS LIMITED - Settlement Agreement Between The Competition Commission and Omnia Fertilizer Limited
OMN 201805300052A
Settlement Agreement Between The Competition Commission and Omnia Fertilizer Limited
Omnia Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1967/003680/06)
Share code: OMN ISIN: ZAE000005153
(“Omnia” or “the Company”)
SETTLEMENT AGREEMENT BETWEEN THE COMPETITION COMMISSION AND OMNIA FERTILIZER LIMITED
Shareholders are hereby advised that Omnia Fertilizer Limited (“Omnia Fertilizer”), an indirect subsidiary of
Omnia, concluded a settlement agreement (“Agreement”) with the Competition Commission (“Commission”) on
28 May 2018 in relation to the complaint regarding the supply of fertilizer that was referred by Nutri-Flo CC
(“Nutri-Flo”) to the Commission in November 2003.
In the Agreement, Omnia Fertilizer admits that Nitrochem Proprietary Limited (which was purchased by Omnia
Fertilizer through its East Coast business in 1995) contravened section 4(1)(b) of the Competition Act No.89 of
1998, as alleged in the Nutri-Flo complaint, and inter alia, Omnia Fertilizer agrees to pay an administrative
penalty of R30 million.
This Agreement is still subject to confirmation by the Competition Tribunal.
Johannesburg
30 May 2018
Sponsor
Merchantec Capital
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