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07-Nov-2018
(Official Notice)
30-Oct-2018
(Official Notice)
Shareholders are advised that the industry-wide industrial action by representatives of the National Union of Metalworkers of South Africa ("NUMSA"), which commenced on 15 October 2018, is still underway. This, together with the industrial action at the company's Randfontein operation, which commenced on 19 September 2018 and is still ongoing, will continue to adversely impact production capacity and constrain the ability of the company to fully meet all of its customer requirements over this period.



Shareholders will be provided with updates when they become available.
01-Oct-2018
(Official Notice)
25-Sep-2018
(Official Notice)
Shareholders are advised that Master Plastics has entered into an agreement with Shaw Almex Africa Proprietary Limited (?Shaw Almex?) in terms of which the Company will dispose of the property located at 22 Yaron Avenue, Lea Glen, Roodepoort, Gauteng (?the Property?) to Shaw Almex (?the Transaction?).



The Property, which has been vacant for the last year, consists of 5,961 square meters of factory, warehouse and office space and is excess to the requirements of the Company. The Property is classified as held for sale in the financial accounts of the Company.



Shaw Almex is involved in the design and manufacture of conveyor belt vulcanizers, splicing tools and repair materials for conveyor belts. The ultimate beneficial shareholder of Shaw Almex is Shaw Almex Limited, head-quartered in Ontario, Canada.



The purchase consideration of R12 000 000 (excluding VAT) will be settled in cash upon registration of the transfer of ownership in The Deeds Office which is expected to occur on or about Friday, 30 November 2018.



The Property has a carrying value of R7 646 312 in the financial accounts of the Company. During the financial year ended 28 February 2018, the Property had an attributable turnover of R382 375 and loss before interest, taxation, depreciation and amortisation of R709 801.



The Transaction is subject to the raising of a mortgage bond by Shaw Almex over the Property.



The proceeds from the Transaction will be applied to reducing the existing borrowings of the Company.



The Transaction is categorised as a category 2 transaction in terms of the JSE Listings Requirements and accordingly no shareholder approval is required.
18-Sep-2018
(C)
Revenue for the interim period increased to R243.6 million (2017: R236 million), gross profit grew to R52.6 million (2017: R52.5 million) and profit from operations decreased to R14.9 million (2017: R20.7 million). Profit for the period lowered to R10.1 million (2017: R15.6 million). In addition, headline earnings per share dropped to 8.59 cents per share (2017: 12.22 cents per share).



Dividend

No dividend has been declared for the period.



Prospects

The pressures from the external factors will continue to impact business performance for the balance of the financial year. The Group will however continue to focus on the execution of its stated business strategy and look to explore and invest in opportunities to increase utilisation, enhance efficiency and to support organic, expansionary and value-adding growth.

11-Sep-2018
(Official Notice)
In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as a reasonable degree of certainty exists that the financial results for the reporting period will differ by at least 20% from that of the previous corresponding period.



The Board of Directors of Master Plastics herewith advise shareholders that, due to the factors detailed below, headline earnings per share ("HEPS") and earnings per share ("EPS") for the six months ended 31 August 2018 are expected to be within the following ranges:

Six months ended 31 August 2018 as expected (cents)

*HEPS: 8.10 - 8.71 : (28.6%-33.6%)

*EPS : 8.10 - 8.70 : (28.1%-33.1%)



The first six months of the financial year to 31 August 2018 represented a difficult trading period as the Group had to contend with extremely challenging and some unfamiliar conditions in numerous core markets. The major impacting factors were the effect of the droughts experienced in the Western Cape, the listeria outbreak which continued to depress the processed meats and spice markets and the market?s reaction to the on-going land policy debate, which has had a negative impact on both investment into the agricultural sector and the exchange rate. The weaker exchange rate and the increase in the oil prices towards the end of the period have resulted in further adverse movements in polymer input prices, which has also negatively impacted working capital. These factors, together with a generally weak economy, an ever-increasing cost of living and increased taxes have resulted in a platform not conducive for trading during the first six months.



All these matters continue to adversely impact the Group and are expected to continue to exert pressure on trading performance over the balance of the financial year due to their macro-economic and political nature. The information on which this trading statement is based, has not been reviewed, audited or reported on by the auditors of Master Plastics. The Group anticipates releasing its unaudited results for the six months ended 31 August 2018 on SENS on or about 18 September 2018.
15-Aug-2018
(Official Notice)
Shareholders are advised that, at the annual general meeting of Master Plastics held today, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 89 669 696, representing 76.29% of the total issued share capital of the same class of Master Plastics shares. There were no shareholders that abstained from voting.

29-Jun-2018
(Official Notice)
Shareholders are advised that Master Plastics? Integrated Annual Report for the year ended 28 February 2018 was distributed to shareholders today, 29 June 2018 and is available on the company?s website: www.masterplasticsgroup.com. The Integrated Annual Report contains no modifications to the condensed audited consolidated results published on SENS on 2 May 2018.



The annual financial statements were audited by the company?s auditors, Grant Thornton, and their unmodified report is available for inspection at Master Plastics? registered office.



Notice of Annual General Meeting (?AGM?)

Notice is hereby given to the shareholders of the company that the AGM of the company will be held at the registered offices of the company, 3rd Floor, 1410 Eglin Office Park, 14 Eglin Road, Sunninghill, Johannesburg on Wednesday, 15 August 2018, at 10:00, to transact the business as stated in the notice of the AGM, which is contained in the Integrated Annual Report.



The record date in terms of section 59 of the Companies Act for shareholders to be recorded on the securities register of the company in order to be able to attend, participate in and vote at the AGM is Friday, 10 August 2018. Accordingly, the last day for shareholders to trade in order to be able to attend, participate in and vote at the AGM is Tuesday, 7 August 2018. The record date for shareholders to be entitled to receive the notice of AGM is Friday, 22 June 2018.



Broad-Based Black Economic Empowerment (?B-BBEE?) Compliance Report

In accordance with paragraph 16.20(g) and Appendix 1 to Section 11 of the Listings Requirements of JSE Limited, shareholders are further advised that the company?s annual B-BBEE compliance report as prescribed by Section 13G(2) of the B-BBEE Act No. 53 of 2003 (as amended by Act 46 of 2013) is available on the company?s website: www.masterplasticsgroup.com.



B-BBEE ? Independent Verification

Master Plastics has completed its annual independent verification process in accordance with the DTI Codes of Good Practice and has been awarded a Level 2 - Empowering Supplier status. The new B-BBEE certificate is available on the company?s website: www.masterplasticsgroup.com.
02-May-2018
(C)
Revenue for the year shot up to R504.5 million (R9.3 million) whilst profit from operations came to R49.1 million (loss of R0.9 million). Profit for the period turned around to R36.4 million (loss of R0.6 million). In addition, headline earnings per share was 29.51cps (headline loss of 13.9 cps).



Dividend

On 12 May 2017, Master Plastics declared a dividend of R75.0 million to Astrapak Ltd., its sole shareholder at the date of the dividend declaration. As stated in the PLS the Group will initially focus on reinvesting for growth and accordingly no further dividend will be declared and paid in respect of the financial year ended 28 February 2018.



Company prospects

The Group will continue to focus on the execution of its stated business strategy and look to invest further in opportunities to enhance efficiency and in support of organic growth being led by the customer base.



Whilst the local economy is expected to recover moderately over the next year or two, growth will remain subdued amid the uncertainty around land expropriation policies, critical water shortages and an ever escalating cost of living for consumers. As the Group is a supplier of products and solutions to the food, produce and agricultural markets in general these factors are expected to continue to impact the business.



The board however remains confident that the exposure to more defensive market segments and a continued focus on operational performance and organic growth will continue to support and underwrite strategic efforts through the business cycle.
11-Apr-2018
(Official Notice)
The board of directors of Master Plastics advised shareholders that, due to a strong operational and financial performance across all components of the Group, for the financial year ended 28 February 2018:

* both the basic earnings and headline earnings per share are expected to be between 28.5 cents and 30.0 cents, this being between 20.3% and 26.6% higher than the basic earnings and headline earnings per share of 23.7 cents forecasted for the financial year ended 28 February 2018 in the Pre-Listing Statement of the Group published on 5 May 2017. This forecast is directly comparable with the expected result.

* both the basic earnings and headline earnings per share are expected to be between 28.5 cents and 30.0 cents, this being between 305.0% and 315.8% higher than the basic loss per share and headline loss per share of 13.9 cents reported for the financial period ended 28 February 2017. Shareholders are reminded that the comparative results for the period ended 28 February 2017 did not represent a full years? trading due to the timing of the establishment of the Group prior to its unbundling from its then parent in May 2017.



The Group anticipates releasing its audited results for the financial year ended 28 February 2018 on SENS on or about 2 May 2018.
19-Dec-2017
(Official Notice)
Master Plastics shareholders are advised in terms of paragraph 3.78 of the JSE Listings Requirements that Grant Thornton Johannesburg have been appointed as the Company?s external auditors for the current financial year ending 28 February 2018, with Mr Rudi Huiskamp as the designated audit partner, replacing Deloitte - Touche.



The change in audit firm, effective immediately, was initiated by Master Plastics to align the cost structures to the size of the Company, following the unbundling of Master Plastics from Astrapak Ltd. at the end of May 2017.
13-Oct-2017
(Official Notice)
The board of directors of Master Plastics (?the board?) hereby notifies its shareholders, that with immediate effect:

* Mrs. Sibongile Masinga has been appointed as an Independent Non-Executive Director and Chairperson of the Audit Committee of the Company.

* Mr. Thabo Mokgatlha, currently an Independent Non-Executive Director, Chairman of the Audit Committee and Acting Chairman of the Board, has been appointed as Chairman of the Board and has accordingly resigned from his role as Chairman of the Audit Committee, to be filled by Sibongile.
02-Oct-2017
(Official Notice)
The board of directors of Master Plastics (?the Board?) notified its shareholders that Ms Phumzile Langeni has resigned as an Independent Non-Executive Director and Chairperson of the Board to focus on her business interests.



Shareholders are advised that Mr Thabo Mokgatlha, currently an Independent Non-Executive Director, has been appointed as Acting Chairman of the Board with immediate effect. The process to appoint a permanent Chairman of the Board is ongoing and shareholders will be advised once such an appointment has been made.
29-Sep-2017
(Official Notice)
Shareholders are advised that, at the annual general meeting of Master Plastics held, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 86 182 528, representing 72.81% of the total issued share capital of the same class of Master Plastics shares.
12-Sep-2017
(C)
The following are the company's maiden results and are, therefore, incomparable. Revenue for the period came to R236.0 million whilst gross profit was R52.5 million. Profit from operations of R20.7 million was recorded and profit for the period was R15.6 million. In addition, headline earnings per share were 12.2cps.



Dividend

On 12 May 2017, Master Plastics declared a dividend of R75.0 million to Astrapak Ltd., its sole shareholder at the date of the dividend declaration.



Company prospects

The Group will continue to focus on the execution of its stated business strategy and look to invest in opportunities to enhance efficiency and in support of organic growth being led by the existing customer base. Recent interest rate cuts may eventually result in an increase in consumer spending, which will help to further improve the level of activity within operations.



The recent storms in oil rich areas of the United States of America have already filtered through to polymer prices and the industry has seen and been cautioned by suppliers on further potential adverse movements in polymer pricing in the event of further world-wide supply tightening.



Despite trading conditions remaining challenging due to a weak economic outlook, the Group remains confident that the exposure to more defensive market segments and a continued focus on operational performance will continue to support and underwrite its strategic efforts.
11-Sep-2017
(Official Notice)
The board of directors of Master Plastics notified its shareholders of the appointment of Mr Peter Rowse as an alternate director to non-executive director, Mr Paul Botha, with effect from 11 September 2017.
31-Aug-2017
(Official Notice)
Shareholders are advised that Master Plastics? Integrated Annual Report for the year ended 28 February 2017 has been distributed to shareholders today, 31 August 2017 and is available on the Company?s website, www.masterplasticsgroup.com. The Integrated Annual Report contains no modifications to the condensed consolidated financial statements published on SENS on 26 May 2017.



The annual financial statements were audited by the Company?s auditors, Deloitte - Touche, and their unmodified report is available for inspection at Master Plastics? registered office.



Notice is hereby given to the shareholders of the Company that the annual general meeting (?AGM?) of the Company will be held at Protea Hotel Fire - Ice, situated at Melrose Arch, Sandton, Johannesburg, on Friday, 29 September 2017, at 10:00, to transact the business as stated in the notice of the AGM, which is contained in the Integrated Annual Report.



The record date in terms of section 59 of the Companies Act for shareholders to be recorded on the securities register of the Company in order to be able to attend, participate in and vote at the AGM is Friday, 22 September 2017. Accordingly, the last day for shareholders to trade in order to be able to attend, participate in and vote at the AGM is Tuesday, 19 September 2017. The record date for shareholders to be entitled to receive the notice of AGM is Friday, 25 August 2017.



Shareholders are further advised that the Company?s annual compliance report in terms of Section 13G(2) of the Broad-Based Black Economic Empowerment Amendment Act No. 46 of 2013, is available on the Company?s website www.masterplasticsgroup.com.



07-Jun-2017
(Official Notice)
Shareholders are advised that, at the General Meeting convened in terms of the notice of General Meeting to shareholders dated 5 May 2017 which was held today, all the resolutions were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 120 816 915 representing 89.41% of the total issued share capital of the same class of Master Plastics shares.

26-May-2017
(C)
Masplast released its maiden final results following its listing in May 2017. As Masplast was only established during the financial period ended 28 February 2017, no comparative figures are presented. Revenue was recorded at R9.4 million, gross profit was R2.0 million and loss from operations came to R0.9 million. Loss for the period was R0.6 million. Furthermore, headline loss per share was 13.9 cents per share.



Company prospects

The group will continue to focus on the execution of its stated business strategy and invest in opportunities to enhance efficiency and in support of organic growth being experienced by the existing customer base.



Trading conditions remain challenging in an economy with a rather depressed outlook, but the group is confident that the exposure to more defensive market segments and a continued focus on operational performance will support and underwrite its strategic efforts.





25-May-2017
(Official Notice)
30-Aug-2018
(X)
Master Plastics is a group of companies involved in the manufacture and provision of various products and solutions to customers operating in the agricultural, food, produce, dairy and general industrial markets. Its offering extends beyond traditional plastic products, also being a participant in the supply and design of undercover farming nets and structures, and geotextile fibres for concrete reinforcement.



The Group?s vision is to be recognised as a niche player operating in growth market sectors and to deliver above average returns. Its mission is to create value by meeting and exceeding customer requirements in producing and supplying innovative and technologically advanced products and solutions on-time, in-full and to a specified standard.



The Group continues to explore opportunities to better service its chosen end markets and deliver against a broader range of its customers? requirements.


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