https://newsletter.mw.creamermedia.com
Building|Business|Financial
Building|Business|Financial
building|business|financial

Omnia employees receive R45m payout through broad-based share scheme

30th September 2024

By: Sabrina Jardim

Creamer Media Online Writer

     

Font size: - +

JSE-listed chemicals group Omnia Holdings this week announced the vesting of its broad-based employee share scheme, amounting to R45-million. 

Omnia says the scheme, established in 2021, gave 300 shares to each employee, which effectively allowed 2 530 Omnia employees to participate in the financial rewards of the company as owners. 

“The vesting of these shares is a significant milestone in the history of our business, which demonstrates our collective progress and achievements in building a successful global business.

“Importantly, it reflects our employees’ unwavering commitment to Omnia and resilient spirit to drive our excellent performance, and I’m greatly honoured to be a part of this journey,” says Omnia CEO Seelan Gobalsamy.

Employees that joined the group after the initial launch of the scheme in 2021 will benefit from their shares vesting in 2025 and 2026, respectively.

“The Omnia team continues on its journey to deliver its strategy and ensure that all our people benefit from Omnia’s success. Our purpose of ‘Innovating to enhance life, together creating a greener future,’ stands us in great stead to continue building a resilient and successful business,” adds Gobalsamy.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
BOVA Safety Wear
BOVA Safety Wear

BOVA cemented their reputation in Africa by delivering high quality engineering through their range of safety footwear. 21 years after producing...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 February 2025
Magazine round up | 21 February 2025
21st February 2025
BOLSTERING PRESENCE
The project is set to bolster Namibia’s position as one of the world’s leading uranium producers
Uranium mine moving closer to production
21st February 2025 By: Simone Liedtke

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.053 0.125s - 127pq - 2rq
Subscribe Now