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OMN - Omnia - Omnia Issues R405 Million of Domestic Medium Term Notes

Release Date: 04/12/2008 16:06
Code(s): OMN
Wrap Text

OMN - Omnia - Omnia Issues R405 Million of Domestic Medium Term Notes Omnia Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1967/003680/06) Share Code: OMN ISIN: ZAE000005153 ("Omnia" or "the Group") Omnia Issues R405 Million of Domestic Medium Term Notes Omnia is pleased to announce that its operating subsidiary, Omnia Group (Proprietary) Limited, has successfully raised three year term debt through an issue of R405 million Senior Unsecured Fixed Rate Notes ("the Issue") under its R1.5 billion Domestic Medium Term Note Programme ("the DMTN Programme") which was recently established on the Bond Exchange of South Africa ("BESA"). A favourable rate has been agreed. Following the strong growth experienced by Omnia, management believes it is prudent to replace the Group`s dependence on short term bank funds. The DMTN Programme will enable Omnia to access longer term, alternative capital sources, strengthen its capital structure and enhance its liquidity position. Omnia will use the net proceeds of the Issue to refinance its short term debt facilities. The DMTN Programme will also ensure that Omnia is strongly positioned to capitalise on continued growth and expansion opportunities as and when they arise. Background note Omnia is a diversified specialist chemical services company providing customised solutions to the chemicals, mining and agriculture markets. Omnia`s three divisions include: - Protea Chemicals Division: distributor of speciality, functional and effect chemicals and polymers in southern Africa. The division operates from 21 sites and has a presence in every sector of the broader chemical distribution market. - Mining Division: the leading supplier of explosives, associated products, value added services and mining chemicals to the South African open-cast and underground mining and quarrying industries. It has operations in southern and western Africa. Trading as Bulk Mining Explosives and Protea Mining Chemicals, it has successfully developed a new generation of electronic detonator and is in the process of commercialising a new shocktube initiation system. - Agriculture Division: produces granular, liquid and speciality fertilisers and distributes to individual farmers, co-operatives and wholesalers throughout southern Africa, Australia and New Zealand. Exports, an area of growth for Omnia, are also made to Europe, South America and Asia. Johannesburg 4 December 2008 Sole Arranger and BESA Sponsor: Nodus Capital (Pty) Limited Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited Date: 04/12/2008 16:06:23 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.