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Johannesburg - Omnia Holdings [JSE:OMN] said on Wednesday that the suspensive conditions pertaining to the company's proposed one billion rand capital raising have been fulfilled and the offer has become unconditional.
In terms of the offer, each shareholder will be entitled to subscribe for 42.3282 offer shares at R50 per share for every 100 Omnia shares held on Friday August 20 2010. Shareholders will also be allowed to apply for offer shares in excess of their entitlement at the subscription price.
Omnia Group CEO Rod Humphris said Omnia is pleased to allow Omnia shareholders the opportunity to participate in the capital raising exercise embarked upon for the purpose of constructing a new nitric acid complex.
"The commitments provided to the capital raising exercise by investors and shareholders guaranteeing that the full R1bn will be raised represents a huge vote of confidence in Omnia. The opportunities afforded to Omnia through the successful implementation of the capital raising are exciting for the group," he said.
The Letters of Allocation will be listed on the JSE on Monday August 16 and will trade under the JSE code: OMNN.
- I-Net Bridge
In terms of the offer, each shareholder will be entitled to subscribe for 42.3282 offer shares at R50 per share for every 100 Omnia shares held on Friday August 20 2010. Shareholders will also be allowed to apply for offer shares in excess of their entitlement at the subscription price.
Omnia Group CEO Rod Humphris said Omnia is pleased to allow Omnia shareholders the opportunity to participate in the capital raising exercise embarked upon for the purpose of constructing a new nitric acid complex.
"The commitments provided to the capital raising exercise by investors and shareholders guaranteeing that the full R1bn will be raised represents a huge vote of confidence in Omnia. The opportunities afforded to Omnia through the successful implementation of the capital raising are exciting for the group," he said.
The Letters of Allocation will be listed on the JSE on Monday August 16 and will trade under the JSE code: OMNN.
- I-Net Bridge
