Olympia Capital Holdings Limited is a holding company comprising several businesses in East and Southern Africa. The company’s headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Botswana and South Africa. The company is listed on the Nairobi Securities Exchange (NSE) and trades as OCH. In addition to the NSE listing, its Botswana subsidiary Olympia Capital Corporation is listed on the Botswana Stock Exchange.
History
Olympia Capital Holdings Limited. formerly Dunlop Kenya Limited (DKL) was initially established as a branch of Dunlop United Kingdom; in Kenya in 1968 then a British multinational to carry out the business of manufacture of vinyl floor tiles, adhesives and sports equipment. In 1970, the company was formally registered in Kenya and got listed at the Nairobi Stock Exchange in 1976.
In 1999, Dunlop Industries Limited (DIL) was registered as a fully owned subsidiary of DKL to continue with the business of the parent company and allow DKL to concentrate on investments.
Olympia Capital Holdings Limited (OCCL), purchased Olympia Capital Corporation in Botswana in 2001, through the newly acquired entity, the group was able to acquire 100% shareholding of Kalahari Floor Tiles (KFT) in the city of Gaborone, Botswana. KFT is the largest Tile manufacturer in Southern Africa. In 2005 OCCL Botswana was successfully listed on the Botswana Stock exchange, as a subsidiary of OCHL Kenya.
In 2006 Olympia Capital Holdings Ltd acquires majority control of Avon Rubber Company, which dealt in the manufacturing and distribution of tyre products and successfully acquired majority control of Mather + Platt Kenya Ltd in 2008, which is now the leading fire and mechanical engineering contracting company in East Africa.
In 2014, Olympia Capital Botswana successfully acquired 100% of real estate company called Gaborone Enterprises in Botswana, which have an array of commercial and residential properties in Botswana and South Africa.
Overview
OCHL oversees operations of its subsidiaries including Avon Rubber Company, Mather and Platt Limited and Olympia Capital Corporation Limited.
In Kenya, its subsidiaries are Mather+Platt (K) Ltd, the leading fire systems and water pumps provider in East Africa and Avon Centre, which is the real estate division of OCHL. Olympia Capital also has a major stake in Heri Limited, which has an array of real estate properties in Kenya. Owing to growing losses, the group divested from its fully owned floor tile and adhesives manufacturing company, Dunlop Industries Limited.
The company, through Olympia Capital Corporation (Pty), a publicly listed company in the Botswana Stock Exchange (BSE), has interests in Kalahari Floor Tiles (Pty) Limited and Gaborone Enterprises (Pty) Limited, both in Botswana. Kalahari Floor Tiles is the leading tile manufacturer in Southern Africa and it is also involved in the manufacturing of industrial and commercial cleaning chemicals. Gaborone Enterprise is the real estate section of OCCL, with residential and commercial property. Prior to their closure, OCCL also owned two South African entities: Plush Products (Pty) in Johannesburg and Natural Wooden Products (NatWood) in Cape Town.
In line with its listing in the investment segment of the exchange, the group looks to diversify its services and product offerings and to serve a broader geographical area. OCHL is keen to capitalize on the available investment opportunities beyond the building material and property sectors.
Member companies
Olympia has significant ownership stakes in various firms including:
- Dunlop Kenya Limited – Nairobi, Kenya 100% shareholding – The largest manufacturer of vinyl floor tiles and vinyl sheeting in East and Central Africa; its website states that it is the foremost vinyl floor tile manufacturer in Sub-Saharan Africa.
- Mather + Platt Kenya Limited – Nairobi, Kenya, 56.70% shareholding – Incorporated in 1972, the company is a leading fire and mechanical engineering contracting company as well as distributors of high quality pumps in East Africa.
- Avon Rubber Company (K) Limited – Nairobi, Kenya, 47.50% shareholding – Manufacture and sale of industrial rubber.
- Olympia Capital Corporation – Gaborone, Botswana, 50.50% shareholding – Holding company for the Southern Africa Operations. Listed on the Botswana Stock Exchange.
- Kalahari Floor Tiles Pty – Gaborone, Botswana 100% Shareholding through Olympia Capital Corporation – The largest manufacturer of vinyl floor tiles and vinyl sheeting in Southern Africa. It is also involved in home improvement goods such as aluminum window frames, rubber and curtains.
- Gaborone Enterprises (Pty) Limited – Gaborone, Botswana, 100% shareholding through Kalahari Floor Tiles Pty – Industrial Property holding company.
- Tiespro (171) Trading Pty Ltd/a Natwood Africa – Cape Town, South Africa Held through Olympia Capital Corporation– Suppliers of home, bathroom and kitchen fittings and accessories.
The Shares of Olympia Capital Holdings are listed on the Nairobi Stock Exchange (NSE). The shareholding of OCH is as follows:
Frequently Asked Questions
What is the difference between a Share and a Right?
A share is a unit of ownership and for listed company; anybody interest can buy the shares at the stock market at the prevailing market forces. A right is a way through which a company wants to raise capital using its existing shareholders. At the time of allotment, only the existing shareholders who are in the register at record date can qualify to get allotment.
What is a Rights Issue?
This is an offer to the existing shareholders to subscribe for new issue, usually at a preferential price in proportion to their existing shareholding. For Olympia the rights are 3 new shares for every 1 held at a price of Kshs. 14.00 which represents 31% discount.
What amounts can an investor buy in the Rights Issue?
The Provisional Allotment letters have indicated allotted shares that one needs to pay for. However, you can apply for additional rights of just buy the rights that will be trading at the Nairobi Stock Exchange within the trading for the period 3rd to 14th September, 2007.
How is the OCHL Group structure organized?
Olympia Capital Holdings Limited, formerly Dunlop Kenya Limited (DKL) was initially established as a branch office of Dunlop UK in Kenya in 1968 then a British multinational to carry out the business of manufacture of vinyl floor tiles, adhesives and sports equipment. In 1970, the company was formally registered in Kenya and got listed at the Nairobi Stock Exchange in 1976.
What is the importance of this Rights issue to the Shareholder?
The rights issue is suppose to give the existing shareholders a chance to maintain their shareholding in the company as the company tries to attract more investment. Because the existing shareholders have preemptive right and a preferential discounted price, it is necessary for a shareholder to participate, otherwise failure to take the right subject the investor to dilution of his / her shareholding stake.
What is the minimum number of Rights that one can buy?
The minimum number of rights you can buy is one hundred.
What is the NSE?
The NSE is the Nairobi Stock Exchange which is a market like any other market. It is a specific form of a capital market where stocks and bonds are bought and sold unlike other markets where we trade clothes, tomatoes etc.
What does Olympia Capital Holdings do to make money?
The company is involved manufacture of vinyl floor tiles, adhesives, PVC floor tiles, aluminum window and floor frame, Industrial Chemicals, curtain trucking and related products
What is PAL?
This means Provisional Allotment Letters that is serialized with the names of the shareholders who qualified for the rights and the number of rights they are allotted.
How do I buy my shares?
To buy your rights, you need to write bankers check in the name of Olympia Capital Holdings Limited Rights issue or pay through your broker.
Is it possible for me to accept only part of the Rights?
The Provisional Allotment Letters allow you to accept only part of the Rights. So, you can apply for only the rights you wish to accept.
What is a record date?
This is the last date within which one needs to be in the register to qualify for the rights issue.
If I am not a shareholder of Olympia Capital Holdings Limited, Can I still participate in the Rights?
You can, the rights will freely trade in the stock exchange with the price subject to the rules of supply and demand. Anybody is free to participate.
Is Olympia Capital Holdings Limited different from Dunlop Industries Limited?
Dunlop Industries Limited is subsidiary of Olympia Capital Holdings Limited. In 2004, DKL changed its name from Dunlop Kenya Limited to Olympia Capital Holdings limited.
Olympia Capital Corporation (Botswana)
In 2001, OCC acquired the loss making Kalahari Floor Tiles (KFT) from Ricket International AS and embarked on the process of turning the company around. The Acquisition of KFT was highly successful and is now the largest floor tile manufacturer in Southern Africa. KFT has been able to expand its product lines to include UPVC & aluminum doorframes and cleaning chemicals.
In 2005 Olympia Capital Corporation was successfully listed on the Botswana Stock Exchange (BSE). Since then OCC has been embarking on a journey on acquiring business in South Africa and Botswana.
In 2007, OCC acquired Plush Products Limited in Johannesburg making its debut entry into the South African market. Plush Products was involved in the manufacturing and distribution of curtain tracks and blinds. Through Plush Products the company was heavily involved in the interior decoration market, selling with the trade name (‘Yokota’), which was registered in 1970. Plush products employed over 100 employees in Johannesburg, including senior managers, middle management, sales representatives and staff. Some of the customers included major retail chains in South Africa such as Pick n Pay Supermarkets and Shoprite Supermarkets, as well as major hardware retails stores such as Builders warehouse and Mica.
In 2008 Olympia Capital Corporation embarked on a project to increase the revenue streams in South Africa, by acquiring majority control of Natural Wooden Products (‘NatWood’) in Cape Town. NatWood manufactured and distributed wooden household products such as hangers, toilet seats, chairs, desks, wooden frames and doors. The company distributed its products locally and also exported its products internationally. In the domestic market NatWood distributed its products through large retail companies such as Shoprite Warehouse and CTM. There main export country was Australia through a large hardware retail company called Bunnings who have over 100 stores; they also exported products to Mauritius, Cyprus, New Zealand, USA, UK and France.
Owing to a period of recession suffered in South Africa, the operations of both Plush Products and Natural Wooden Products were adversely affected and consequently, both entities were closed down.
Olympia Capital Corporation (Plc) currently has two subsidiaries in Botswana, namely Kalahari Floor Tiles (KFT) and Gaborone Enterprises. Kalahari Floor Tiles which is the leading tile manufacturer in Southern Africa and which also manufactures and supplies industrial & commercial cleaning chemicals. Gaborone Enterprises is the real estate section of OCC with multiple industrial and residential properties in Botswana.
OCC looks to expand its geographical reach to markets beyond Botswana and South Africa. Its goal is to become the largest investment company in the Southern African region, by acquiring and merging with companies in the manufacturing and Real Estate sectors
Olympia Capital contacts
Working hours
Open – Mon-Fri 8 a.m. -5 p.m.
Closed – Sat-Sun and Public Holidays
Our location
Avon Center, Enterprise Road, Industrial Area
