Omnia Holdings Grants Performance Shares to Key Personnel

  • Omnia Holdings awards Performance Forfeitable Shares to directors and prescribed officers.
  • The awards are subject to performance conditions and have a vesting period of three years.
  • Omnia purchases a total of 348,525 ordinary shares to satisfy the requirements of the awards, valued at R19,845,000.

Omnia Holdings Limited (JSE code: OMN) has announced the awarding of Performance Forfeitable Shares to a director, the company secretary, and prescribed officers of the company. This move, in compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, aims to align the interests of key individuals with the long-term success and performance of Omnia.

The awards were granted following approval by the Omnia Remuneration and Nominations Committee and are subject to specific performance conditions. These awards were made on 3 July 2023, with a vesting period of three years. Clearance to deal in terms of paragraph 3.66 of the JSE Listings Requirements was obtained in this regard, ensuring compliance with all regulatory obligations.

In order to satisfy the requirements of the awards, Omnia purchased a total of 348,525 ordinary shares on the market at a volume weighted average price per security of R56.94. The total deemed value of these securities amounts to R19,845,000.

The directors and prescribed officers who received the Performance Forfeitable Shares, along with their respective transactions and holdings, are as follows:

Name of Director/Prescribed OfficerDate of TransactionClass of SecuritiesTotal Number of SecuritiesTotal Deemed Value of SecuritiesNature and Extent of Director’s Interest
T Gobalsamy3 July 2023Ordinary shares348,525R19,845,000Direct beneficial
SP Serfontein3 July 2023Ordinary shares68,493R3,900,000Direct beneficial
CM Kotze3 July 2023Ordinary shares68,493R3,900,000Direct beneficial
RC Hennecke3 July 2023Ordinary shares57,956R3,300,000Direct beneficial
MH Nana3 July 2023Ordinary shares17,562R1,000,000Direct beneficial
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