Go Back Email this Link to a friend


Omn - Omnia Holdings Limited - Statement From Omnia

Release Date: 20/05/2009 17:06:01      Code(s): OMN
OMN - Omnia Holdings Limited - Statement from Omnia                             
OMNIA HOLDINGS LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1967/003680/06)                                           
JSE Code: OMN                                                                   
ISIN: ZAE000005153                                                              
("Omnia" or "the Group")                                                        
STATEMENT FROM OMNIA                                                            
Omnia notes recent media comment in which the Group is named by the Competition 
Commission in connection with collusion investigations.                         
The long running (6 year) investigation by South Africa`s Competition Commission
pertain to events prior to 2003 and relate to a complaint filed by Nutri-Flo, a 
small blender and distributor of fertilizer.  It was subsequently referred by   
the Commission to the Tribunal in May 2005 in respect of collusion on the part  
of Sasol Limited ("Sasol"), Omnia Fertilizer and Yara in nitrogenous fertilizer 
products.                                                                       
This investigation has raised a range of extremely complex issues and the       
charges levelled against Sasol are more numerous and wide ranging then those    
levelled against Omnia Fertilizer. Sasol has reached a settlement on a number of
issues which do not involve Omnia Fertilizer.                                   
Commenting on the recent media reports and the ongoing investigation, Rod       
Humphris, MD Omnia, said:                                                       
"Notwithstanding recent media reports, the grounds for our defence against the  
collusion charges levelled against Omnia remain unchanged and we will continue  
to defend our position whilst cooperating fully with the Authorities."          
"We regret that this process has taken so long - we have to the extent possible,
reported on the investigation in our annual report for the past six years.  We  
would certainly welcome a speedy resolution of the matter."                     
"As one of the most significant players in the chemicals market, Sasol is also a
critical supplier to Omnia, and we believe that our contractual and commercial  
arrangements with them have not negatively impacted any of our customers,"      
Humphris concluded.                                                             
20 May 2009                                                                     
Johannesburg                                                                    
Sponsor:  Barnard Jacobs Mellet Corporate Finance (Pty) Limited                 
Date: 20/05/2009 17:06:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.