JSE-listed Omnia Holdings Limited (“Omnia” or “the Group”), this week announced the vesting of its broad-based employee share scheme amounting to R45 million.
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.
Commenting on the development Omnia’s CEO, Seelan Gobalsamy said: “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.”
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,” added Gobalsamy.
