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OMN - Omnia Holdings Limited - Results Of General Meeting

Release Date: 11/12/2009 12:56:01      Code(s): 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     
-    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.                     
11 December 2009                                                                
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Date: 11/12/2009 12:56:01 Supplied by www.sharenet.co.za                     
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