Omnia stock faces delisting after ZAR 134.50 cash offer

Omnia stock faces a potential delisting after Solar SA Investments offered ZAR 134.50 per share in an all-cash transaction valued at ZAR 21.8 billion. Mining.com.au reported the proposal, which would transfer all Omnia shares to Solar if shareholder and regulatory approvals are secured.

The offer carries a 30.98 percent premium

The ZAR 134.50 consideration represents a 30.98 percent premium to Omnia's closing price on September 10, 2026, and a 35.73 percent premium to its 30-day volume-weighted average price through that date, according to Mining.com.au. The premium puts the transaction terms at the center of the investment case while leaving completion dependent on formal approvals.

Reuters reported on September 14, 2026, that Solar Industries plans to acquire Omnia for USD 1.36 billion. Reuters also reported on September 11, 2026, that Omnia shares rose more than 10 percent at the open after takeover discussions became public.

FY2026 brought higher earnings

Omnia's latest financial year ended March 31, 2026, with revenue up 6 percent and headline earnings per share up 21 percent. Investing.com reported that the company paid a 470c regular dividend and a 280c special dividend for the year.

Mining and agriculture broaden the deal

Omnia operates across mining, agriculture and chemicals, giving Solar access to explosives, blasting technology, fertilizers and crop nutrition products. Its FY2026 presentation cited revenue of ZAR 24.2 billion, operating profit of ZAR 2.2 billion and a 9.00 percent operating margin, according to Quartr. The company serves customers across 23 countries and has more than 70 distribution centers, according to Sahi.

Delisting would reshape the investment case

If the scheme is implemented, Omnia would leave the Johannesburg Stock Exchange and A2X Markets. The proposed cash consideration therefore shifts the key question from operating growth to transaction completion, approval timing and the final treatment of shareholders.