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OMNIA HOLDINGS LIMITED - Broad-based share scheme and dealings in securities by share trust

Release Date: 03/08/2021 12:00
Code(s): OMN     PDF:  
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Broad-based share scheme and dealings in securities by share trust

OMNIA HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1967/003680/06)
JSE code: OMN
LEI NUMBER: 529900T6L5CEOP1PNP91
ISIN: ZAE000005153
("Omnia" or the "Company" or the "Group")


BROAD-BASED SHARE SCHEME AND DEALINGS IN SECURITIES BY SHARE TRUST

BACKGROUND
On 20 October 2014, Omnia shareholders approved the implementation of the Omnia Management Share Trust
(the "Trust"), a JSE Schedule 14 compliant incentive scheme introduced by Omnia with the intention of creating
ownership in Omnia for all eligible permanent employees, with participants benefiting from any appreciation of
the Omnia share price over time. The Company intends changing the name of the Trust to either the Omnia Broad-
Based Employee Share Scheme Trust or a similar name, in order to better reflect the objectives of the scheme (the
"Broad-Based Share Scheme").

Objectives:
The objectives of the Broad-Based Share Scheme include the following:

    -   To provide an opportunity for employees to participate in Omnia's growth on a sustainable basis;
    -   To enable employees to become shareholders in Omnia;
    -   To drive employee engagement and motivation, thereby supporting the common goal of improving the
        Group's performance through enhanced individual and team performance; and
    -   To support employee commitment and retention.

Participants:
All Omnia employees employed on a permanent basis as at 1 July 2021 who meet the criteria as determined by the
board of directors of Omnia in terms of the Broad-Based Share Scheme rules, will be eligible to participate.
Employees who are recipients of Performance Forfeitable Shares will not be eligible to participate in the Broad-
Based Share Scheme.

Key terms and considerations:
The Broad-Based Share Scheme is a retention scheme with no performance element, with initial allocations to
employees for a three-year period vesting vest on the soonest practicable date after 30 June 2024. To create
transparency and fairness, all eligible participants will be allocated an equal number of Trust units linked to Omnia
shares, upon which participants will become beneficiaries of the Trust. Participants will be entitled to receive
dividends on shares not vested via the Trust units received. Additional future allocations to existing and/or new
participants will be based on terms as determined by the board of directors of Omnia along with the trustees of the
Trust and in line with the Broad-Based Share Scheme rules.

Omnia has funded the Trust as approved by the board of directors of the Company, and shares have been purchased
on the open market.

CONCLUSION
Omnia looks forward to further growth and the continued delivery against our Group strategy.

DEALINGS IN SECURITIES BY THE OMNIA MANAGEMENT SHARE TRUST
In compliance with the requirements of Schedule 14.9(d) and paragraph 3.92 read with paragraphs 3.63 to 3.74 of
the JSE Listings Requirements, the following dealings in securities are disclosed:

Name of Trust:                                         The Omnia Management Share Trust
Company:                                               Omnia Holdings Limited
Date of transaction:                                   29 July 2021
Class of securities:                                   Ordinary shares
Total number of securities:                            906 413
Total value of securities:                             R49 852 715.00
Price per security:                                    R55.00
Nature of and extent of interest in transaction:       On-market purchase of shares to meet obligations in
                                                       terms of awards granted to participants in terms of
                                                       existing share scheme
Clearance to deal obtained:                            Yes

Date of transaction:                                   2 August 2021
Class of securities:                                   Ordinary shares
Total number of securities:                            119 287
Total value of securities:                             R6 680 072.00
Price per security:                                    R56.00
Nature of and extent of interest in transaction:       On-market purchase of shares to meet obligations in
                                                       terms of awards granted to participants in terms of
                                                       existing share scheme
Clearance to deal obtained:                            Yes

Johannesburg
3 August 2021


Sponsor
Java Capital
Date: 03-08-2021 12:00:00
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