OMNIA HOLDINGS LIMITED - Omnia Reaches Settlement with the Competition Commision

Release Date: 07/09/2018 09:42
Code(s): OMN
 
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Omnia Reaches Settlement with the Competition Commision

Omnia Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1967/003680/06)
Share code: OMN ISIN: ZAE000005153
(“Omnia” or “the Company”)


OMNIA REACHES SETTLEMENT WITH THE COMPETITION COMMISSION


Shareholders are referred to the announcement released by Omnia on SENS on Wednesday, 30 May 2018, in
which Omnia Fertilizer Limited (“Omnia Fertilizer”), an indirect subsidiary of Omnia, concluded a settlement
agreement (“Agreement”) with the Competition Commission (“Commission”) on 28 May 2018 in relation to the
complaint regarding the supply of fertilizer that was referred by Nutri-Flo CC (“Nutri-Flo”) to the Commission in
November 2003.


On 6 September 2018, the settlement agreement was confirmed by the Competition Tribunal, in which Omnia
Fertilizer has agreed to pay an administrative penalty of R30 million in full and final settlement of this case and
all related litigation. The Omnia Board welcomes the resolution of this matter.


Omnia will continue with its comprehensive competition law compliance program to ensure that the Group
promotes and maintains competition in the market and implements a culture of good corporate governance in
this respect.


Johannesburg
7 September 2018


Sponsor
Merchantec Capital

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