OMNIA HOLDINGS LIMITED - Fulfilment of Conditions Precedent to the Acquisition of Umongo Petroleum Proprietary Limited

Fulfilment of Conditions Precedent to the Acquisition of Umongo Petroleum Proprietary 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” or “the Group”)


FULFILMENT OF CONDITIONS PRECEDENT TO THE ACQUISITION OF UMONGO PETROLEUM
PROPRIETARY LIMITED


Further to the announcement released on SENS on 11 May 2017 regarding the acquisition of Umongo
Petroleum Proprietary Limited (“Umongo”) (and using the terms defined therein unless otherwise stated),
shareholders are advised that, following receipt of approval of the Transaction from the various competition law
authorities, including the South African Competition Authorities, and the obtaining of the requisite approval from
the Financial Surveillance Department of the South African Reserve Bank, all conditions precedent have now
been fulfilled, or where applicable, have been waived. Accordingly, the acquisition of Umongo has become
unconditional.

In terms of the Agreement governing the Transaction, the effective date of the Transaction was 1 March 2017
and all profits earned up to the closing date will be off-set and reduce the purchase consideration. Closing will
occur on 30 November 2017, being the last day of the month in which the last of the conditions precedent were
fulfilled or waived and from 1 December 2017, the financial results of Umongo will be consolidated under the
Chemicals division and reported on a consolidated basis.


Johannesburg
20 November 2017

Sponsor
Merchantec Capital

Date: 20/11/2017 04:06:00 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.