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10-Sep-2018
(Official Notice)
06-Sep-2018
(Official Notice)
Shareholders are referred to the Company?s unaudited interim financial results for the six months ended 30 June 2018, published on the Stock Exchange News Service (?SENS?) on Wednesday, 8 August 2018, declaring an interim Scrip Distribution with the alternative to elect to receive a Cash Dividend of 15 cents per ordinary Mpact share.



The ratio applicable to the Scrip Distribution entitlement was announced on SENS on Tuesday, 28 August 2018, being 0.64683 Scrip Distribution shares for every 100 ordinary Mpact shares held on the Record Date, being Friday, 7 September 2018.



If the application of this ratio gives rise to a fraction of an ordinary Mpact share, such fraction will be rounded down to the nearest whole number, resulting in allocations of whole ordinary Mpact shares and a cash payment for the fraction (?Rounding Provision?).



In accordance with the requirements of the JSE Limited, the cash payment has been determined with reference to the volume weighted average price of an ordinary Mpact share traded on the JSE on Wednesday, 5 September 2018 (being the day on which an ordinary Mpact share began trading ?ex? the entitlement to receive the Scrip Distribution or Cash Dividend alternative), discounted by 10%.



Shareholders are accordingly advised that the basis applicable in determining the cash payment for the fractional entitlement is 2068.2 cents (2298 cents, discounted by 10%), or 1654.56 cents, net of applicable dividend withholding tax (?DWT?).



Example of fractional entitlement:

This example assumes that a Shareholder holds 100 ordinary shares at the close of business on the Record Date and does not elect to receive the Cash Dividend in respect of all or part of their shareholding.



New ordinary share entitlement = 100 x 0.64683%

= 0 new ordinary shares. The Rounding Provision described above is then applied and the shareholder will receive:

0 Scrip Distribution shares in respect of the 100 ordinary shares held and a cash payment for the fractional entitlement of 0.64683 x 2068.2 = 1337.77 cents. This fractional entitlement payment will be subject to 20% DWT, resulting in a net cash payment of 1070.25 cents.
28-Aug-2018
(Official Notice)
08-Aug-2018
(C)
Revenue for the interim period increased to R5 billion (2017: R4.8 billion). Operating profit was R164.2 million (2017: R169.1 million). Profit attributable to equity holders of Mpact lowered to R50.5 million (2017: R58 million). Furthermore, headline earnings per share dipped to 30.5 cents per share (2017: 33.9 cents per share).



Scrip dividend and cash dividend alternative

Notice was given that the board has declared an interim distribution for the six months ended 30 June 2018, by way of the issue of fully-paid Mpact ordinary shares of no par value each ("the Scrip Distribution") as a scrip distribution payable to ordinary shareholders ("Shareholders") recorded in the register of the Company at the close of business on the record date, being Friday, 7 September 2018.



Shareholders will be entitled, in respect of all or part of their shareholding, to elect to receive a gross cash dividend of 15 cents per ordinary share instead of the Scrip Distribution, which will be paid only to those Shareholders who elect to receive the cash dividend, in respect of all or part of their shareholding, on or before 12:00 on Friday, 7 September 2018 ("the Cash Dividend").



Outlook

Benefits from the capital investments and lower recovered paper prices are expected to deliver growth and improve operating margins in the Paper business.



The difficult trading conditions affecting the Plastics converting business during the first half of 2018 are expected to persist.



Mpact Polymers should benefit from higher selling prices, increased throughput and lower finance costs compared to the second half of 2017. Profitability will continue to be under pressure until the bottle washing equipment has been installed.



The Group's effective tax rate is anticipated to be higher than the prior year due to a non-recurring S12i tax incentive of R114 million recognised in 2017.



While the last two years has been very challenging, our significant investments are expected to bear fruit in the second half of the year and beyond.
06-Jun-2018
(Official Notice)
At the 2018 annual general meeting (?AGM?) of the shareholders of Mpact held today, 5 June 2018 all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.



The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
12-Apr-2018
(Media Comment)
According to BusinessDay, Mpact opened its corrugated packaging factory in Port Elizabeth as part of its modernisation programme. The company has invested more than R800 million in the past six years and the project is within budget. This project is aimed at servicing the citrus fruit export industry. The factory upgrade also includes purchase of a new boxing and printing machine. The upgrades come at a time when citrus export is growing and a growing demand for boxes and cartons.
03-Apr-2018
(Official Notice)
29-Mar-2018
(Official Notice)
With regard to the audited results for the year ended 31 December 2017, shareholders are advised that the Annual Financial Statements and Notice of Annual General Meeting have been distributed to shareholders today, 29 March 2018 and contain no modifications to the audited results which were released on SENS on 7 March 2018.



The Integrated Report 2017, together with the Annual Financial Statements and the Sustainability Review will be available on the Company?s website www.mpact.co.za, from 13h00 today, 29 March 2018.



Notice of the Annual General Meeting

Notice is hereby given that the Annual General Meeting of Mpact shareholders will be held at The Venue, 17 High Street, Melrose Arch, Johannesburg on 5 June 2018 at 13h00 to transact the business as stated in the Notice of Annual General Meeting forming part of the Integrated Report.



Salient dates

The Notice of Annual General Meeting has been sent to shareholders who were recorded as

such in the Company?s securities register on Friday, 23 March 2018 being the notice record

date set by the Board of the Company used to determine which shareholders are entitled to

receive the Notice of Annual General Meeting.



The record date on which shareholders of the Company must be registered as such in the Company?s securities register in order to attend and vote at the Annual General Meeting is Friday, 25 May 2018 being the voting record date set by the Board of the Company used to determine which shareholders are entitled to attend and vote at the Annual General Meeting. The last day to trade in order to be entitled to vote at the Annual General Meeting will therefore be Tuesday, 22 May 2018.



It is requested that Forms of Proxy be returned to the office of the Company?s Transfer Secretaries by no later than 13h00 on Friday, 1 June 2018 for administrative purposes. Forms of Proxy to be delivered thereafter must be handed to the Chairperson of the Annual General Meeting immediately prior to the Annual General Meeting.



Availability of BEE Compliance Report

Shareholders are advised that the 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 Mpact website www.mpact.co.za.
28-Mar-2018
(Official Notice)
Shareholders are referred to the company?s audited financial results for the year ended 31 December 2017, published on the Stock Exchange News Service (?SENS?) on Wednesday, 7 March 2018, declaring a final Scrip Distribution with the alternative to elect to receive a Cash Dividend of 40 cents per ordinary Mpact share.



The ratio applicable to the Scrip Distribution entitlement was announced on SENS on Tuesday, 13 March 2018, being 1.45773 Scrip Distribution shares for every 100 ordinary Mpact shares held on the Record Date, being Thursday, 29 March 2018.



If the application of this ratio gives rise to a fraction of an ordinary Mpact share, such fraction will be rounded down to the nearest whole number, resulting in allocations of whole ordinary Mpact shares and a cash payment for the fraction (?Rounding Provision?).



In accordance with the requirements of the JSE Ltd., the cash payment has been determined with reference to the volume weighted average price of an ordinary Mpact share traded on the JSE on Tuesday, 27 March 2018 (being the day on which an ordinary Mpact share began trading ?ex? the entitlement to receive the Scrip Distribution or Cash Dividend alternative), discounted by 10%.



Shareholders are accordingly advised that the basis applicable in determining the cash payment for the fractional entitlement is 2554 cents (2838 cents, discounted by 10%), or 2043.2 cents, net of applicable dividend withholding tax.



Example of fractional entitlement:

This example assumes that a Shareholder holds 100 ordinary shares at the close of business on the Record Date and does not elect to receive the Cash Dividend in respect of all or part of their shareholding.



New ordinary share entitlement = 100 x 1.45773 % = 1.45773 new ordinary shares. The Rounding Provision described above is then applied and the shareholder will receive: 1 Scrip Distribution share in respect of the 100 ordinary shares held and a cash payment for the fractional entitlement of 0.45773 x 2554 = 1169.04242 cents. This fractional entitlement payment will be subject to 20% dividend withholding tax, resulting in a net cash payment of 935.23394 cents.

16-Mar-2018
(Official Notice)
15-Mar-2018
(Official Notice)
Shareholders are referred to the special resolution tabled and approved at the Annual General Meeting of the Company held on 1 June 2017 (?2017 AGM?), authorising directors in terms of section 45 of the Companies Act No.71 of 2008 (?the Act?) to provide direct or indirect financial assistance to any company or corporation which is related to or inter-related to the Company.



Additionally, it is anticipated that an updated resolution in terms of section 45 of the Act shall be tabled for consideration at the next Annual General Meeting of the Company, which is scheduled to be held on 5 June 2018 to provide a suretyship in respect of the liability of Mpact?s subsidiaries to their business bankers in the normal course of business and in the amount of R2 600 million (?Suretyship?).



Shareholders are advised that the Board of Directors (?the Board?) of the Company adopted a resolution on 6 March 2018, authorising the Company to provide direct or indirect financial assistance pursuant to the Suretyship and as envisaged in section 45 of the Act and in terms of the requisite authority obtained at the 2017 AGM.



The Board has confirmed that, after considering the reasonably foreseeable financial circumstances of the Company, it is satisfied that, immediately after providing such financial assistance, the Company would satisfy the solvency and liquidity test, as contemplated in terms of section 4 of the Act and that the terms under which such financial assistance was given were fair and reasonable to the Company. Shareholders are advised that the guarantees provided for the subsidiaries in terms of the Suretyship exceed one tenth of 1% of the Company?s net worth as at the approval date of the provision of the guarantee.
09-Mar-2018
(Official Notice)
07-Mar-2018
(C)
15-Feb-2018
(Official Notice)
The difficult trading conditions experienced in the first six months of 2017 continued to negatively impact the Group?s performance during the second half when compared to the prior year ended 31 December 2016 (?prior year?).



For the full year ended 31 December 2017, Group revenue and sales volumes were in line with the prior year with increased exports of containerboard offset by lower domestic sales volumes across most of the Group?s businesses. Domestic volumes decreased due to subdued consumer demand, the drought in the Eastern Cape and Western Cape affecting demand for fruit packaging, planned downtime related to the Felixton mill project and a supply shortage of virgin PET during the peak production period.



Profitability was adversely affected by lower domestic sales, higher recovered paper costs which could not be recouped through selling prices and non-recurring lost contribution of approximately R30 million associated with the Felixton mill project. The loss in Mpact Polymers was less than the prior year with operational efficiencies and throughput remaining below expectations.



The Section 12i tax incentive for the Felixton mill project reduced the Group?s tax charge by R114 million.



Based on the above factors, shareholders are advised that for the year ended 31 December 2017 Mpact expects:

? Underlying earnings before interest and tax to decline between 38% and 45% when compared to the prior year (2016: R784.4 million).

? Basic earnings per share (?EPS?) to be between 170 cents and 155 cents, a decrease of between 28% and 34% when compared to the prior year EPS of 234.6 cents.

? Headline earnings per share (?HEPS?) to be between 170 cents and 155 cents, a decrease of between 30% and 36% when compared to prior year HEPS of 242.0 cents.



The Group is nearing the end of its extensive capital investment programme which is anticipated to contribute to improved future earnings. The most recent investment of R150 million in the new corrugator in Port Elizabeth was successfully commissioned during January 2018. Recovered paper prices have declined since peaking in June 2017 and domestic demand for Felixton mills? products is encouraging. The drought remains a concern and its effect on the Group?s future performance is uncertain.



Mpact?s audited results for the year ended 31 December 2017 will be released on SENS on or about 7 March 2018.
11-Sep-2017
(Official Notice)
07-Sep-2017
(Official Notice)
Shareholders are referred to the company?s unaudited interim financial results for the six months ended 30 June 2017, published on the Stock Exchange News Service (?SENS?) on 8 August 2017 and in the press on 10 August 2017, in which it declared an interim Scrip Distribution with the alternative to elect to receive a Cash Dividend of 15 cents per ordinary Mpact share.



The ratio applicable to the Scrip Distribution entitlement was announced on SENS on 29 August 2017, being 0.54985 Scrip Distribution shares for every 100 ordinary Mpact shares held on the Record Date, being Friday, 8 September 2017.



If the application of this ratio gives rise to a fraction of an ordinary Mpact share, such fraction will be rounded down to the nearest whole number, resulting in allocations of whole ordinary Mpact shares and a cash payment for the fraction (?Rounding Provision?).



In accordance with the requirements of the JSE Ltd., the cash payment has been determined with reference to the volume weighted average price of an ordinary Mpact share traded on the JSE on Wednesday, 6 September 2017 (being the day on which an ordinary Mpact share began trading ?ex? the entitlement to receive the Scrip Distribution or Cash Dividend alternative), discounted by 10%.



Shareholders are accordingly advised that the basis applicable in determining the cash payment for the fractional entitlement is 2414 cents (2682 cents, discounted by 10%), or 1931.2 cents, net of applicable dividend withholding tax.



Example of fractional entitlement:

This example assumes that a Shareholder holds 1000 ordinary shares at the close of business on the Record Date and does not elect to receive the Cash Dividend in respect of all or part of their shareholding.



New ordinary share entitlement = 100 x 0.54985% = 0.54985 new ordinary shares. The Rounding Provision described above is then applied and the shareholder will receive: 0 Scrip Distribution shares in respect of the 100 ordinary shares held and a cash payment for the fractional entitlement of 0.54985 x 2414 = 1327.3379 cents. This fractional entitlement payment will be subject to 20% dividend withholding tax, resulting in a net cash payment of 1061.87032 cents.
29-Aug-2017
(Official Notice)
15-Aug-2017
(Official Notice)
08-Aug-2017
(C)
Revenue for the period increased to R4.834 billion (2016: R4.688 billion), operating profit fell to R169.1 million (2016: R321.7 million), profit attributable to equity holders of Mpact plunged to R58 million (2016: R157.8 million), while headline earnings per share weakened to 33.9 cents per share (2016: 94.9 cents per share).



Dividend

The Board has declared an interim distribution for the six months ended 30 June 2017, by way of the issue of fully-paid Mpact ordinary shares of no par value each ("the Scrip Distribution") as a scrip distribution payable to ordinary shareholders ("Shareholders") recorded in the register of the Company at the close of business on the Record Date, being Friday, 8 September 2017.



Shareholders will be entitled, in respect of all or part of their shareholding, to elect to receive a gross cash dividend of 15 cents per ordinary share instead of the Scrip Distribution, which will be paid only to those Shareholders who elect to receive the cash dividend, in respect of all or part of their shareholding, on or before 12h00 on Friday, 8 September 2017.



Company outlook

Prevailing trading conditions indicate that consumer spending will remain subdued for the second half of the reporting period and competition will remain intense across most of the Group's product segments. The effects of the prolonged drought in several fruit growing regions will also continue to negatively affect the Group's fruit packaging volumes.



Mpact Polymers is expected to show an improved full-year trading performance compared to the prior year with improved quality, increased throughput and products which are well accepted in the market. The R765 million Felixton paper mill upgrade project is progressing well. The paper machine was successfully commissioned as scheduled during July 2017. Initial indications regarding quality, throughput and cost are encouraging with the mill planning to ramp up to full capacity by the end of 2018. The final major construction concerns the automated finished goods warehouse which is planned for completion in December 2017.



The Group is nearing the end of an extensive capital investment programme with many of the investments expected to reflect positively in the Group's earnings and returns from 2018. We remain confident in our ability to weather the storm and to realise profitable growth over the medium term.
07-Aug-2017
(Official Notice)
Pursuant to the notice released on SENS dated 15 March 2017 relating to the provision of direct or indirect financial assistance in terms of Section 45 of the Companies Act, shareholders are advised that Mpact has re-financed R950m of its existing debt, which was due to mature on 22 December 2017, for another 4 years commencing on 1 December 2017.



The Board of Directors (?the Board?) of the Company adopted a resolution on 4 August 2017, authorising the Company to provide direct or indirect financial assistance pursuant to the Suretyship and as envisaged in section 45 of the Act and in terms of the requisite authority obtained at the 2017 AGM.



The Board has confirmed that, after considering the reasonably foreseeable financial circumstances of the Company, it is satisfied that, immediately after providing such financial assistance, the Company would satisfy the solvency and liquidity test, as contemplated in terms of section 4 of the Act and that the terms under which such financial assistance was given were fair and reasonable to the Company. Shareholders are advised that the guarantees provided for the subsidiaries in terms of the Suretyship exceed one tenth of 1% of the Company?s net worth as at the approval date of the provision of the guarantee.
19-Jun-2017
(Official Notice)
01-Jun-2017
(Official Notice)
At the 2017 annual general meeting (?AGM?) of the shareholders of Mpact held on 1 June 2017 all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.



The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.

03-Apr-2017
(Official Notice)
30-Mar-2017
(Official Notice)
Shareholders are referred to the Company?s audited financial results for the year ended 31 December 2016, published on the Stock Exchange News Service (?SENS?) on 2 March 2017 in which it declared a final Scrip Distribution with the alternative to elect to receive a Cash Dividend of 65 cents per ordinary Mpact share. The ratio applicable to the Scrip Distribution entitlement was announced on SENS on 13 March 2017, being 2.13816 Scrip Distribution shares for every 100 ordinary Mpact shares held on the Record Date, being Friday, 31 March 2017.



If the application of this ratio gives rise to a fraction of an ordinary Mpact share, such fraction will be rounded down to the nearest whole number, resulting in allocations of whole ordinary Mpact shares and a cash payment for the fraction (?Rounding Provision?). In accordance with the requirements of the JSE Ltd., the cash payment has been determined with reference to the volume weighted average price of an ordinary Mpact share traded on the JSE on Wednesday, 29 March 2017 (being the day on which an ordinary Mpact share began trading ?ex? the entitlement to receive the Scrip Distribution or Cash Dividend alternative), discounted by 10%.



Shareholders are accordingly advised that the basis applicable in determining the cash payment for the fractional entitlement is 2827 cents (3141 cents, discounted by 10%) or 2261.6 cents, net of applicable dividend withholding tax.
28-Mar-2017
(Official Notice)
With regard to the audited results for the year ended 31 December 2016, shareholders are advised that the Annual Financial Statements including notice of annual general meeting have been distributed to shareholders today, 28 March 2017 and contain no modifications to the audited results which were released on SENS on 2 March 2017.



The Integrated Report 2016, together with the Annual Financial Statements and the Sustainability Review will be available on the company?s website www.mpact.co.za, from 13h00 today, 28 March 2017.



Notice of the Annual General Meeting

Notice is hereby given that the Annual General Meeting of Mpact shareholders will be held at The Venue, 17 High Street, Melrose Arch, Johannesburg on 1 June 2017 at 13:00 to transact the business as stated in the Notice of Annual General Meeting forming part of the Integrated Report.



Salient dates

The Notice of Annual General Meeting has been sent to shareholders who were recorded as such in the company?s securities register on Friday, 17 March 2017 being the notice record date set by the Board of the company used to determine which shareholders are entitled to receive the Notice of Annual General Meeting.



The record date on which shareholders of the company must be registered as such in the company?s securities register in order to attend and vote at the Annual General Meeting is Friday, 26 May 2017 being the voting record date set by the Board of the company used to determine which shareholders are entitled to attend and vote at the Annual General Meeting. The last day to trade in order to be entitled to vote at the Annual General Meeting will therefore be Tuesday, 23 May 2017. Proxy forms must be lodged by no later than 13h00 on Tuesday, 30 May 2017. Any forms of proxy not lodged by this time must be handed to the chairperson of the Annual General Meeting immediately prior to the Annual General Meeting.
15-Mar-2017
(Official Notice)
Shareholders are referred to the special resolution tabled and approved at the Annual General Meeting of the company held on 2 June 2016 ("2016 AGM"), authorising directors in terms of section 45 of the Companies Act No.71 of 2008 ("the Act") to provide direct or indirect financial assistance to any company or corporation which is related to or inter-related to the company.



Additionally, it is anticipated that an updated resolution in terms of section 45 of the Act shall be tabled for consideration at the next Annual General Meeting of the company, which is scheduled to be held on 1 June 2017 to:

- Provide a suretyship in respect of the liability of Mpact's subsidiaries to their business bankers in the normal course of business and in the amount of R2 600m ("Suretyship").



Shareholders are advised that the board of Directors ("the board") of the company adopted a resolution on 1 March 2017, authorising the company to provide direct or indirect financial assistance pursuant to the Suretyship and as envisaged in section 45 of the Act and in terms of the requisite authority obtained at the 2016 AGM.



The board has confirmed that, after considering the reasonably foreseeable financial circumstances of the company, it is satisfied that, immediately after providing such financial assistance, the company would satisfy the solvency and liquidity test, as contemplated in terms of section 4 of the Act and that the terms under which such financial assistance was given were fair and reasonable to the company. Shareholders are advised that the guarantees provided for the subsidiaries in terms of the Suretyship exceed one tenth of 1% of the company?s net worth as at the approval date of the provision of the guarantee.
13-Mar-2017
(Official Notice)
08-Mar-2017
(Official Notice)
02-Mar-2017
(C)
16-Feb-2017
(Official Notice)
Shareholders are referred to the trading statement released on the Johannesburg Stock Exchange News Service (?SENS?) on 12 December 2016, advising that Mpact expects its basic earnings per share (?EPS?) and headline earnings per share (?HEPS?) for the year ended 31 December 2016 to be lower than the previous corresponding period by at least 30%. In the same announcement, the Company undertook to issue a further trading statement once there was clarity on the specific range in EPS and HEPS. Accordingly, shareholders are advised as follows.



The factors that negatively impacted the interim results of the Group for the six months ended 30 June 2016 continued to adversely affect the Group for the full year ended 31 December 2016. These included lower sales of containerboard as a consequence of certain Mpact customers acquiring their own paper mills, a higher effective tax rate, higher finance costs as well as losses incurred at Mpact Polymers.



During the period, the Group initiated the closure of its plastics manufacturing operation in Zimbabwe. It is estimated that the charge to the income statement relating to the closure will be an after tax amount of approximately R30 million. For the year ended 31 December 2015, the Zimbabwe manufacturing operation reported a turnover of approximately R87 million (less than 1% of Group turnover) and a loss after tax of R3 million.



Group revenue is expected to increase by approximately 5.8% (December 2015 revenue: R9.548 million), with an estimated underlying earnings before interest, tax and special items (underlying EBIT) decline of between 12% and 16% (December 2015 EBIT: R909 million) when compared to the prior year.



In light of the above factors, shareholders are advised that Mpact expects EPS, HEPS and underlying earnings per share (underlying EPS) for the year ended 31 December 2016 to be within the range of 225 cents and 255 cents. This corresponds to a decline of between 30% and 39% when compared to reported EPS and underlying EPS of 366.9, and HEPS of 365.8 cents for the year ended 31 December 2015.



Mpact expects to release its results for the year ended 31 December 2016 on SENS on or about 2 March 2017.
04-Jan-2017
(Official Notice)
Shareholders are advised that Mr Mohlomi Mothobi has resigned as a director and employee of Mpact Operations (Pty) Ltd. (?Mpact Operations?), a major subsidiary of Mpact, with effect from 1 January 2017, to take up a position with an associate company of the Group.







12-Dec-2016
(Official Notice)
The factors that negatively impacted the interim results of the Group for the six months ended 30 June 2016 continue to adversely affect the Group for the year ending 31 December 2016. These include lower sales of containerboard as a consequence of certain Mpact customers acquiring their own paper mills, a higher effective tax rate, higher finance costs as well as losses incurred at Mpact Polymers.



The Group has initiated the closure of its plastics manufacturing operation in Zimbabwe. It is anticipated that the charge to the income statement relating to the closure will be an after tax amount of approximately R40 million. For the year ended 31 December 2015, the Zimbabwe manufacturing operation reported a turnover of approximately R87 million (less than 1% of Group turnover) and a loss after tax of R3 million.



In light of the above factors, shareholders are advised that Mpact expects its basic earnings per share (?EPS?) and headline earnings per share (?HEPS?) for the year ending 31 December 2016 to be lower than the corresponding period by at least 30% or lower by at least 110.1 cents and 109.7 cents respectively, when compared to reported EPS and HEPS of 366.9 and 365.8 cents respectively, for the year ended 31 December 2015.



There is currently insufficient certainty to enable the Group to provide specific guidance on the extent of the impact of the above factors on EPS and HEPS. It is anticipated that Mpact will publish a further trading statement on the Stock Exchange News Service on or about 16 February 2017 closer to the release of its financial results for the year ending 31 December 2016, expected to be during the week of 2 March 2017.
12-Sep-2016
(Official Notice)
Mpact ordinary shareholders ("Shareholders") are referred to the announcement released on the Stock Exchange News Service of the JSE Ltd. on 26 August 2016 ("the announcement") regarding the ratio applicable to the Company"s declaration of an interim distribution of fully-paid Mpact ordinary shares ("Scrip Distribution Shares") to Shareholders recorded in the register at the close of business on the Record Date, being Friday, 9 September 2016 ("Record Date").



As set out in the announcement, Shareholders not electing to receive the Cash Dividend in respect of all or part of their shareholding were entitled to receive that number of Scrip Distribution Shares determined in the ratio of 0.91715 Scrip Distribution Shares for every 100 ordinary shares held on the Record Date.



In terms of the Scrip Distribution, 847,934 new ordinary shares were issued today to Shareholders who did not elect to receive the Cash Dividend in respect of all or part of their shareholding, resulting in a capitalisation of the distributable retained profits of the Company of R27,735,921.14. Shareholders recorded in the register of the Company at the close of business on the Record Date holding 75,165,392 ordinary shares elected to receive the gross Cash Dividend of 30 cents per ordinary share, resulting in a total gross Cash Dividend of R22,554,788.95 (including cash payments in respect of fractional Scrip Distribution Share entitlements) which was paid out of the distributable retained profits of the Company.
08-Sep-2016
(Official Notice)
Shareholders are referred to the Company?s unaudited interim financial results for the six months ended 30 June 2016, published on the Stock Exchange News Service (?SENS?) on 11 August 2016 in which it declared an interim Scrip Distribution with the alternative to elect to receive a Cash Dividend of 30 cents per ordinary Mpact share.



The ratio applicable to the Scrip Distribution entitlement was announced on SENS on 26 August 2016, being 0.91715 Scrip Distribution shares for every 100 ordinary Mpact shares held on the Record Date, being Friday, 9 September 2016. If the application of this ratio gives rise to a fraction of an ordinary Mpact share, such fraction will be rounded down to the nearest whole number, resulting in allocations of whole ordinary Mpact shares and a cash payment for the fraction (?Rounding Provision?).
01-Sep-2016
(Official Notice)
Shareholders are advised that Maya Makanjee has been appointed to Mpact?s board of Directors as an independent non-executive director, with effect from 5 September 2016. Maya will be appointed a member of the Social and Ethics Committee and the Remuneration Committee.
26-Aug-2016
(Official Notice)
Shareholders are referred to the Company?s unaudited interim financial results for the six months ended 30 June 2016, published on the Stock Exchange News Service (?SENS?) on 11 August 2016 in which it declared an interim Scrip Distribution with a Cash Dividend alternative.



A circular setting out the terms of the Scrip Distribution and Cash Dividend alternative, including a Form of Election, (?the Circular?) was posted to shareholders on 15 August 2016, as announced on SENS on the same date.



Shareholders are advised that the number of Scrip Distribution shares to which each Shareholder will become entitled pursuant to the Scrip Distribution (to the extent that such Shareholder has not elected to receive the Cash Dividend) will be determined by reference to such Shareholder?s ordinary shareholding in Mpact (at the close of business on the Record Date) in relation to the ratio that 30 cents bears to 3271 cents, representing the volume weighted average price (?VWAP?) of an ordinary Mpact share traded on the JSE during the 30-day period ended on Thursday, 25 August 2016. The ratio of Scrip Distribution shares to which each Shareholder will become entitled pursuant to the Scrip Distribution (to the extent that such Shareholder has not elected to receive the Cash Dividend) is therefore 0.91715 Scrip Distribution shares for every 100 ordinary shares.



Where a Shareholder?s entitlement to new Mpact ordinary shares calculated in accordance with the above formula gives rise to a fraction of a new ordinary share, such fraction of a new ordinary share will be rounded down to the nearest whole number, resulting in allocations of whole shares and a cash payment for the fraction (?Rounding Provision?).



The cash payment will be determined with reference to the VWAP of an ordinary Mpact share traded on the JSE on Wednesday, 7 September 2016 (being the day on which an ordinary Mpact share begins trading ?ex? the entitlement to receive the Scrip Distribution or Cash Dividend alternative), discounted by 10%. The applicable cash payment will be announced on SENS on Thursday, 8 September 2016.
15-Aug-2016
(Official Notice)
11-Aug-2016
(C)
21-Jul-2016
(Official Notice)
Shareholders are referred to the trading statement released on the Johannesburg Stock Exchange News Service (?SENS?) on 23 May 2016, advising that Mpact expects its basic earnings per share (?EPS?) and headline earnings per share (?HEPS?) for the six months ended 30 June 2016 to be lower than the previous corresponding period (?corresponding period?) by at least 20%. In the same announcement, the Company undertook to issue a further trading statement once there was clarity on the specific range in EPS and HEPS. Accordingly, shareholders are advised as follows:

- Group revenue is expected to increase by approximately 6% (June 2015 revenue: R4,414 million), with an estimated earnings before interest and tax (EBIT) decline of between 4% and 9% (June 2015 EBIT: R342 million) when compared to the corresponding period. The expected decline in EBIT is attributable to lower sales of containerboard and a slower than anticipated ramp-up of Mpact Polymers, partially offset by an improved performance in the rest of the Paper and Plastics businesses.

- Compared to the corresponding period, net finance costs increased due to higher average net debt and interest rates as well as the borrowing costs related to the Mpact Polymers and Felixton (Phase 1) projects no longer being capitalised, following their completion in 2015. The effective tax rate is anticipated to be above the statutory tax rate. Consequently, both EPS and HEPS are expected to be between 90 and 100 cents per share (?cps?) (June 2015 EPS: 135.3 cps, and HEPS: 134.4 cps), a decrease of between 26% and 33% compared to the corresponding period.

- Mpact expects to release its interim results for the six months ended 30 June 2016 on SENS on or about 11 August 2016.
02-Jun-2016
(Official Notice)
At the 2016 annual general meeting (?AGM?) of the shareholders of Mpact held today, 2 June 2016 all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
26-May-2016
(Official Notice)
Mpact confirms that the Competition Commission is conducting a raid on its premises on 26 May 2016. The management of Mpact is engaging with the Competition Commission. Mpact management, together with its Board of directors have zero tolerance towards anti-competitive behaviour. The Company is committed to ensuring that its employees, management, and directors do not engage in any conduct that constitutes prohibited practice. To this end, Mpact has put in place numerous initiatives to ensure good corporate governance across all its operations.
25-May-2016
(Official Notice)
Mpact shareholders are advised that the presentation related to the investor site visits of Mpact?s PET and rPET plants in Wadeville, which are being held on 25 May 2016, will be available on the Company?s website www.mpact.co.za.
23-May-2016
(Official Notice)
Shareholders are advised that Mpact?s basic earnings per share ("EPS") and headline earnings per share ("HEPS") for the six months ending 30 June 2016 (?the period?) are expected to be at least 20%, or at least 27.1 cents per share (?cps?) and 26.9 cps respectively, lower than the EPS and HEPS for the six months ended 30 June 2015 of 135.3 cps and 134.4 cps respectively.



The expected decline in profitability is attributable to lower sales of containerboard, higher finance costs, a slower than anticipated ramp-up of Mpact Polymers and a higher effective tax rate. The lower sales of containerboard are a consequence of certain Mpact customers acquiring their own paper mills as previously reported.



There is currently insufficient certainty to enable the Company to provide specific guidance on the expected EPS and HEPS and an expected EPS and HEPS range for the period cannot be estimated at this stage. It is anticipated that Mpact will publish a further trading statement on the Stock Exchange News Service on or about 29 July 2016, closer to the release of its interim financial results. Shareholders are advised that the financial information on which this trading statement is based has not been reviewed and reported on by the Company?s external auditors.

18-Apr-2016
(Official Notice)
Mpact ordinary shareholders (?shareholders?) are referred to the announcement released on the Stock Exchange News Service on Friday, 1 April 2016 (?the announcement?) regarding the ratio applicable to the company?s declaration of a final distribution of fully-paid Mpact ordinary shares of no par value (?Scrip Distribution Shares?) to shareholders recorded in the register at the close of business on the Record Date, being Friday, 15 April 2016 (?Record Date?).



As set out in the announcement, shareholders not electing to receive the Cash Dividend in respect of all or part of their shareholding were entitled to receive that number of Scrip Distribution Shares determined in the ratio of 1.70394 Scrip Distribution Shares for every 100 ordinary shares held on the Record Date.



In terms of the Scrip Distribution, 1 678 807 new ordinary shares were issued today to shareholders who did not elect to receive the Cash Dividend in respect of all or part of their shareholding, resulting in a capitalisation of the distributable retained profits of the company of R78 822 244.00. shareholders recorded in the register of the company at the close of business on the Record Date holding 67 430 814 ordinary shares elected to receive the gross Cash Dividend of 80 cents per ordinary share, resulting in a total gross Cash Dividend of R53 944 651.20, which was paid out of the distributable retained profits of the company.



Following the Scrip Distribution the company has an issued share capital of 167 637 426 ordinary shares of no par value.



Share certificates will be dispatched to certificated shareholders and CSDP/broker accounts of dematerialised shareholders will be credited today. Payment of the Cash Dividend will also be made today.
01-Apr-2016
(Official Notice)
29-Mar-2016
(Official Notice)
With regard to the audited results for the year ended 31 December 2015, shareholders are advised that the Annual Financial Statements including notice of annual general meeting have been distributed to shareholders today, 29 March 2016 and contain no modifications to the audited results which were released on SENS on 2 March 2016. The Integrated Report 2015, together with the Annual Financial Statements and the Sustainability Review will be available on the Company?s website www.mpact.co.za, from 11h00 on 29 March 2016.



Notice of the Annual General Meeting

Notice is hereby given that the Annual General Meeting of Mpact shareholders will be held at The Venue, 17 High Street, Melrose Arch, Johannesburg on 2 June 2016 at 13:00 to transact the business as stated in the Notice of Annual General Meeting forming part of the Integrated Report.



Salient dates

The Notice of Annual General Meeting has been sent to shareholders who were recorded as such in the Company?s securities register on Friday, 18 March 2016 being the notice record date set by the Board of the Company used to determine which shareholders are entitled to receive the Notice of Annual General Meeting. The record date on which shareholders of the Company must be registered as such in the Company?s securities register in order to attend and vote at the Annual General Meeting is Friday, 27 May 2016 being the voting record date set by the Board of the Company used to determine which shareholders are entitled to attend and vote at the Annual General Meeting. The last day to trade in order to be entitled to vote at the Annual General Meeting will therefore be Friday, 20 May 2016. Proxy forms must be lodged by no later than 13h00 on Tuesday, 31 May 2016. Any forms of proxy not lodged by this time must be handed to the chairperson of the Annual General Meeting immediately prior to the Annual General Meeting.
02-Mar-2016
(C)
Revenue for the year increased to R9.548 billion (2014: R8.617 billion). Operating profit rose to R909 million (2014: R728.5 million), profit attributable to equity holders of Mpact was higher at R602.5 million (2014: R423 million), while headline earnings per share jumped to 365.8 cents per share (2014: 262.7 cents per share).



Dividend

Notice is hereby given that the Board has declared a final distribution for the year ended 31 December 2015, by way of the issue of fully-paid Mpact ordinary shares of no par value each ("the Scrip Distribution") as a scrip distribution payable to ordinary shareholders ("Shareholders") recorded in the register of the Company at the close of business on the Record Date, being Friday, 15 April 2016.



Shareholders will be entitled, in respect of all or part of their shareholding, to elect to receive a gross cash dividend of 80 cents per ordinary share in lieu of the Scrip Distribution, which will be paid only to those Shareholders who elect to receive the cash dividend, in respect of all or part of their shareholding, on or before 12h00 on Friday, 15 April 2016 ("the Cash Dividend").



A circular providing shareholders with full information on the Scrip Distribution and the Cash Dividend alternative, including a Form of Election to elect to receive the Cash Dividend alternative will be posted to Shareholders on or about Wednesday, 16 March 2016.



Outlook

It remains difficult to predict developments in the South African economy in the year ahead, suffice to say that we share the belief that the economic turbulence in which the Group operates, possibly exacerbated by the effects of drought, will not abate.



As noted in the interim results, the change of ownership of a number of paper mills and recycling businesses in South Africa has changed the competitive landscape. While the short term consequences of these changes are uncertain, we remain confident that interventions such as the Felixton Mill upgrade, the Mpact Polymers rPET project and investments in the recycling and corrugated businesses will advance Mpact's growth prospects.



Notwithstanding the current headwinds, our strategy addresses sustainable growth initiatives over the long-term and we are confident in the Group's ability to meet the challenges.
08-Feb-2016
(Official Notice)
Mpact is currently finalising its financial results for the year ended 31 December 2015, which are expected to be released on the Stock Exchange News Service on or about 2 March 2016. In this regard, shareholders are advised that earnings per share (?EPS?) and headline earnings per share (?HEPS?) are likely to exceed the prior year comparable period by more than 20%.



Mpact expects EPS, HEPS and underlying EPS for the year ended 31 December 2015 to be within the ranges shown below:

*EPS (cents) 355 to 380 cents per share, or a 37% to 47% increase (December 2014: 259.1)

*HEPS (cents) 355 to 380 cents per share, or a 35% to 45% increase (December 2014: 262.7)

*Underlying EPS (cents) 355 to 380 cents per share, or a 32% to 41% increase (December 2014: 269.2)



The expected increase in EPS is due to an improved trading performance and a lower effective tax rate compared to the prior year comparable period. The group revenue for the year ended 31 December 2015, which corresponds to these earnings estimates, increased by 10.8% when compared to the same period last year, while the recognition of deferred tax on previously unrecognised tax losses results in a lower effective tax rate.



Shareholders are advised that the financial information on which this trading statement is based has not been reviewed and reported on by the company?s external auditors.









07-Sep-2015
(Official Notice)
Shareholders are referred to the Company?s unaudited interim financial results for the six months ended 30 June 2015, published on SENS on 12 August 2015 and in the press on 13 August 2015 in which they were advised of the Company?s declaration of an interim distribution of fully-paid Mpact ordinary shares of no par value (?the Scrip Distribution?) to ordinary shareholders (?Shareholders?) recorded in the register of the Company at the close of business on the Record Date, being Friday, 4 September 2015 (?the Record Date?).



As set out in the announcement, Shareholders not electing to receive the Cash Dividend in respect of all or part of their shareholding were entitled to receive that number of Scrip Distribution Shares determined in the ratio of 0.65246 Scrip Distribution shares for every 100 ordinary shares held on the Record Date. Where a Shareholder?s entitlement to Scrip Distribution Shares, calculated in accordance with the above ratio, gave rise to a fraction of a new ordinary share, such fraction of a new ordinary share was rounded up to the nearest whole number where the fraction was greater than or equal to 0,5 and rounded down to the nearest whole number where the fraction was less than 0.5.



In terms of the Scrip Distribution, 627 384 new ordinary shares were issued today to Shareholders who did not elect to receive the Cash Dividend in respect of all or part of their shareholding, resulting in a capitalisation of the distributable retained profits of the Company of R28 847 116.32. Shareholders recorded in the register of the Company at the close of business on the Record Date holding 69 171 937 ordinary shares elected to receive the gross Cash Dividend of ZAR30 cents per ordinary share, resulting in a total gross Cash Dividend of R20 751 597.60, which was paid out of the distributable retained profits of the Company.
21-Aug-2015
(Official Notice)
14-Aug-2015
(Official Notice)
12-Aug-2015
(C)
Revenue for the interim period rose to R4.4 billion (R4.0 billion). Gross margin also increased to R1.7 billion (R1.5 billion). Operating profit was higher at R342.4 million (R270 million). Profit attributable to equity holders jumped to R221.7 million (R149.5 million). In addition, headline earnings per share shot up to 134.4 cents per share (91.5 cents per share).



Scrip distribution and cash dividend alternative

Notice is hereby given that the Board has declared an interim distribution for the six months ended 30 June 2015, by way of the issue of fully-paid Mpact ordinary shares of no par value each ("the Scrip Distribution") as a scrip distribution payable to ordinary shareholders ("Shareholders") recorded in the register of the Company at the close of business on the Record Date, being Friday, 4 September 2015.



Shareholders will be entitled, in respect of all or part of their shareholding, to elect to receive a gross cash dividend of 30 cents per ordinary share in lieu of the Scrip Distribution, which will be paid only to those Shareholders who elect to receive the cash dividend, in respect of all or part of their shareholding, on or before 12:00 on Friday, 4 September 2015 ("the Cash Dividend").



Details of the ratio will be announced on the Stock Exchange News Service ("SENS") of the JSE on Friday, 21 August 2015.



Outlook

Subdued economic conditions in South Africa will make it difficult to maintain similar levels of volume growth in the second half. In addition, we are concerned about the level of inflation in input costs such as raw materials, labour, electricity and administered services.



While it is not possible to predict the short-term consequences of the recent developments in the South African paper packaging sector, we believe that our interventions such as the Felixton mill rebuild, rPET project and our other investments in the recycling and corrugated businesses will ultimately improve our prospects.



Second half earnings will be impacted by costs associated with the start-up of the recently commissioned rPET plant and Phase 1 of the Felixton mill rebuild. It is anticipated that the effective tax rate for the full year will be at a similar level to the interim period.
23-Jul-2015
(Official Notice)
Mpact is currently finalising its interim financial results for the six months ended 30 June 2015, which are expected to be released on SENS on or about 12 August 2015. In this regard, shareholders are advised that earnings per share (?EPS?) and headline earnings per shares (?HEPS?) are likely to exceed the prior year comparable period by more than 20%.



Mpact expects EPS, HEPS and underlying EPS for the six months ended 30 June 2015 to be within the ranges shown below:

* EPS (cents) : 131 to 139 cents per share, or a 43% to 51% increase (June 2014: 91.8)

* HEPS (cents) : 131 to 139 cents per share, or a 43% to 52% increase (June 2014: 91.5)

* Underlying EPS (cents) : 131 to 139 cents per share, or a 43% to 51% increase (June 2014: 91.8)



The expected increase in EPS is due to an improved trading performance and a lower effective tax rate compared to the prior year comparable period. Group revenue for the six months ended 30 June 2015 increased by 10.8% when compared to the same period last year, while the recognition of deferred tax on previously unrecognised tax losses resulted in a lower effective tax rate.
04-Jun-2015
(Official Notice)
At the 2015 annual general meeting ("AGM") of the shareholders of Mpact held on 4 June 2015 all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
20-Apr-2015
(Official Notice)
Mpact ordinary shareholders (?Shareholders?) are referred to the announcement released on the Stock Exchange News Service on Wednesday, 1 April 2015 and published in the press on Thursday, 2 April 2015 (?the announcement?) regarding the capitalisation issue ratio applicable to the election to receive capitalisation shares (?Capitalisation Shares?) in terms of a capitalisation issue (?the Capitalisation Issue?) in lieu of a cash dividend (?the Cash Dividend?).



As set out in the announcement, the number of Capitalisation Shares to which Shareholders participating in the Capitalisation Issue are entitled was determined in the ratio of 1.52566 Capitalisation Shares for every 100 ordinary shares held. Where a Shareholder?s entitlement to Capitalisation Shares, calculated in accordance with the above ratio, gave rise to a fraction of a new ordinary share, such fraction of a new ordinary share was rounded up to the nearest whole number where the fraction was greater than or equal to 0.5 and rounded down to the nearest whole number where the fraction was less than 0.5.

1 230 438 new Ordinary Shares were issued today to Shareholders who elected to receive



Capitalisation Shares in terms of the Capitalisation Issue, resulting in a capitalisation out of the distributable profits of the company of R53 228 656.80. Shareholders recorded in the register of the company at the close of business on Friday, 17 April 2015 holding 83 451 317 ordinary shares received the gross Cash Dividend of 66 cents per ordinary share, resulting in a total gross cash dividend of R55 077 869.22, which was paid out of the distributable profits of the company.



Share certificates, where applicable, were dispatched to certificated Shareholders at their own risk, and the Cash Dividend payments were made / Central Securities Depository Participant / broker accounts of dematerialised Shareholders were credited, today.
08-Apr-2015
(Official Notice)
Mpact is pleased to announce the appointment of Johan Stumpf as Managing Director of Mpact?s Corrugated business with effect from 1 January 2016, succeeding Ralph von Veh (63), who is approaching retirement.



The Board?s timing of the implementation of the succession plan was decided in consultation with Ralph and the Executive Directors and is aimed at ensuring a smooth and orderly transition in the leadership of the Corrugated business.



To facilitate an efficient handover Johan will join Mpact on 1 October 2015 as Director Operations ? Mpact Corrugated.



The Board would like to thank Ralph for his invaluable contribution towards the success of the Group and, in particular, the Corrugated business which, under his leadership over the past 15 years, has been established as the market leader.



Ralph will remain with the Group as a member of the Mpact Executive Committee, responsible for the bags and sacks businesses, Detpak and Pyramid, and will represent Mpact?s interests on the boards of various Mpact subsidiaries and associates. Ralph will also assume responsibility for certain strategic business initiatives.



Johan (47), who holds a BEng (Hons)(Industrial) and an MBA (Cum Laude) degree from the University of Pretoria, has a proven track record and extensive executive management experience in the fruit and agricultural sectors as well as manufacturing. He will join Mpact from the Klein Karoo Group where he has served as Managing Director since 2009. Prior to joining the Klein Karoo Group Johan spent six years as Managing Director of Sundays River Citrus Company (Pty) Ltd., the largest packer and marketer of citrus in southern Africa. Johan?s diverse experience also includes six years with SABMiller as production and engineering manager as well as management and executive roles in supply chain management and consulting.
01-Apr-2015
(Official Notice)
01-Apr-2015
(Official Notice)
Shareholders are referred to the Company?s audited results for the year ended 31 December 2014, published on the Stock Exchange News Service on Tuesday, 3 March 2015 and in the press on Wednesday, 4 March 2015 in which they were advised of the Company?s declaration of a final gross cash dividend of 66 cents per ordinary share (?Cash Dividend?) with the right to elect to receive fully paid ordinary shares of no par value in Mpact (?Capitalisation Shares?), in respect of all or part of their ordinary shareholding instead of the Cash Dividend (?Capitalisation Issue?).



The number of Capitalisation Shares to which Shareholders will become entitled pursuant to the Capitalisation Issue (should they so elect) will be determined by the ratio that 66 cents bears to 4326 cents, representing the volume weighted average price (?VWAP?) of an ordinary Mpact share traded on the JSE during the 10-day trading period ending on Tuesday, 31 March 2015. The ratio of Capitalisation Shares that may be applied for in terms of the Capitalisation Issue is therefore 1.52566 Capitalisation Shares for every 100 ordinary shares held on the Record Date, being Friday, 17 April 2015 (?the Record Date?).



If the application of this ratio gives rise to a fraction of an ordinary share, no fractional entitlement shall arise and the result of such calculation will be rounded up to the nearest whole number where the fraction is greater than or equal to 0,5 and rounded down to the nearest whole number where the fraction is less than 0,5 (the ?Rounding Provision?).
31-Mar-2015
(Official Notice)
With regard to the audited results for the year ended 31 December 2014, shareholders are advised that the Annual Financial Statements have been distributed to shareholders today, 31 March 2015 and contain no modifications to the audited results which were released on SENS on 4 March 2015.



The Integrated Report 2014, together with the Annual Financial Statements and the Sustainability Review will be available on the company?s website www.mpact.co.za, from 11h00 today, 31 March 2015.



Notice of the Annual General Meeting

Notice is hereby given that the Annual General Meeting of Mpact shareholders will be held at The Venue, 17 High Street, Melrose Arch, Johannesburg on 4 June 2015 at 13:00 to transact the business as stated in the Notice of Annual General Meeting forming part of the Integrated Report.



Salient dates

The Notice of Annual General Meeting has been sent to shareholders who were recorded as such in the company?s securities register on Friday, 20 March 2015 being the notice record date set by the Board of the company used to determine which shareholders are entitled to receive the Notice of Annual General Meeting.



The record date on which shareholders of the company must be registered as such in the company?s securities register in order to attend and vote at the Annual General Meeting is Friday, 29 May 2015 being the voting record date set by the Board of the company used to determine which shareholders are entitled to attend and vote at the Annual General Meeting. The last day to trade in order to be entitled to vote at the Annual General Meeting will therefore be Friday, 22 May 2015. Proxy forms must be lodged by no later than 13h00 on Thursday, 4 June 2015. Any forms of proxy not lodged by this time must be handed to the chairperson of the Annual General Meeting immediately prior to the Annual General Meeting.
23-Mar-2015
(Official Notice)
17-Mar-2015
(Official Notice)
04-Mar-2015
(Official Notice)
04-Mar-2015
(C)
15-Sep-2014
(Official Notice)
Mpact ordinary shareholders ("Shareholders") are referred to the announcement released on SENS on Friday, 29 August 2014 and published in the press on Monday, 1 September 2014 ("the announcement") regarding the capitalisation issue ratio applicable to the election to receive capitalisation shares ("Capitalisation Shares") in terms of a capitalisation issue ("the Capitalisation Issue") in lieu of a cash dividend ("the Cash Dividend").



As set out in the announcement, the number of Capitalisation Shares to which Shareholders participating in the Capitalisation Issue are entitled was determined in the ratio of 0.75603 Capitalisation Shares for every 100 Ordinary Shares held. Where a Shareholder's entitlement to Capitalisation Shares, calculated in accordance with the above ratio, gave rise to a fraction of a new Ordinary Share, such fraction of a new Ordinary Share was rounded up to the nearest whole number where the fraction was greater than or equal to 0.5 and rounded down to the nearest whole number where the fraction was less than 0.5.



525 141 new Ordinary Shares were issued on 15 September 2014 to Shareholders who elected to receive Capitalisation Shares in terms of the Capitalisation Issue, resulting in a capitalisation out of the distributable profits of the Company of R18 059 598.99. Shareholders recorded in the register of the Company at the close of business on Friday, 12 September 2014 holding 94 115 577 Ordinary Shares received the gross Cash Dividend of 26 cents per Ordinary Share, resulting in a total gross cash dividend of R24 470 050.02, which was paid out of the distributable profits of the Company.
29-Aug-2014
(Official Notice)
Shareholders are referred to the company's unaudited interim results for the six months ended 30 June 2014, published on the Stock Exchange News Service on 13 August 2014 and in the press on 14 August 2014 in which they were advised of the company's declaration of an interim gross cash dividend of 26 cents per ordinary share ("the Cash Dividend") with the right to elect to receive fully paid ordinary shares of no par value in Mpact ("Capitalisation Shares"), in respect of all or part of their ordinary shareholding instead of the Cash Dividend ("Capitalisation Issue").



The number of Capitalisation Shares to which Shareholders will become entitled pursuant to the Capitalisation Issue (should they so elect) will be determined by the ratio that 26 cents bears to 3439 cents, representing the volume weighted average price ("VWAP") of an ordinary Mpact share traded on the JSE during the ten-day trading period ending on Thursday, 28 August 2014. The ratio of Capitalisation Shares that may be applied for in terms of the Capitalisation Issue is therefore 0.75603 Capitalisation Share for every 100 ordinary shares held on the Record Date, being Friday, 12 September 2014 ("the Record Date").



If the application of this ratio gives rise to a fraction of an ordinary share, no fractional entitlement shall arise and the result of such calculation will be rounded up to the nearest whole number where the fraction is greater than or equal to 0.5 and rounded down to the nearest whole number where the fraction is less than 0.5 (the "Rounding Provision").



Example of Capitalisation Issue entitlement:

This example assumes that a Shareholder holds 100 ordinary shares at the close of business on the Record Date and elects to receive the Capitalisation Shares for all of such ordinary shares.



New ordinary share entitlement =

100 x 26 ZAR cents

3439 ZAR cents

= 0.75603 new share

(then apply the Rounding Provision described above)

= 1 Capitalisation Share per 100 ordinary shares held.
13-Aug-2014
(C)
05-Jun-2014
(Official Notice)
The third annual general meeting of the shareholders of Mpact was held on Thursday, 5 June 2014. In this regard, shareholders are advised that all the ordinary and special resolutions, as set out in the Notice of Annual General Meeting to shareholders dated 4 March 2014, proposed at the meeting were approved by the requisite majority of votes.



The special resolutions will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
02-Apr-2014
(Media Comment)
Business Report highlighted that Mpact was investing R10 million in equipment to make containers for dairy products at its fast-moving consumer goods plastics plant in Pinetown in KwaZulu- Natal. The company said its new Engel high-speed moulding machine, together with a label robot from Illseman Automation, would offer dairy producers high-quality plastic containers of varying sizes for products such as yoghurt. Neelin Naidoo, the managing director of Mpact's plastics division , said dairy producers were looking for innovative ways to contain input costs. Mr Naidoo added that the R10 million investment was in line with one of Mpact's strategies to develop and selectively grow the group's leading market positions.
28-Mar-2014
(Official Notice)
With regard to the audited results for the year ended 31 December 2013, shareholders are advised that the Annual Financial Statements have been distributed to shareholders today, 28 March 2014 and contain no modifications to the audited results which were released on SENS on 5 March 2014. The Integrated Report 2013, together with the Annual Financial Statements and the Sustainability Review will be available on the Company's website www.mpact.co.za.



Notice of the Annual General Meeting

Notice is given that the second Annual General Meeting of Mpact shareholders will be held at The Venue, 17 High Street, Melrose Arch, Johannesburg on 5 June 2014 at 13:00 to transact the business as stated in the Notice of Annual General Meeting forming part of the Integrated Report.



Salient dates

The Notice of Annual General Meeting has been sent to shareholders who were recorded as such in the Company's securities register on Friday, 20 March 2014 being the notice record date set by the Board of the Company used to determine which shareholders are entitled to receive the Notice of Annual General Meeting.



The record date on which shareholders of the Company must be registered as such in the Company's securities register in order to attend and vote at the Annual General Meeting is Friday, 30 May 2014 being the voting record date set by the Board of the Company used to determine which shareholders are entitled to attend and vote at the Annual General Meeting. The last day to trade in order to be entitled to vote at the Annual General Meeting will therefore be Friday, 23 May 2014. Proxy forms must be lodged by no later than 13h00 on Tuesday, 3 June 2014. Any forms of proxy not lodged by this time must be handed to the chairperson of the Annual General Meeting immediately prior to the Annual General Meeting.
05-Mar-2014
(C)
Revenue increased to R7.7 billion (R6.8 billion). Operating profit rose to R652.4 million (R578.7 million). Net attributable profit surged to R380.1 million (R308.8 million). In addition, headline earnings per share grew to 233.3cps (187.5cps).



Dividend

A gross final ordinary dividend of 58cps has been declared.



Outlook

Subdued demand growth in South Africa is expected to be a challenge during 2014 which could be compounded by further raw material cost inflation driven by the current exchange rate. Despite this Mpact is confident in its strategy and will look to implement projects in the paper and plastic packaging sectors across the region that will ensure sustainable growth and profitability for Mpact.



As part of the implementation of the group's strategy, the Board has approved a capital investment of R765 million in Mpact's Felixton paper mill, situated near Empangeni in KwaZulu-Natal, to enhance our product offering and cost competitiveness in line with global trends and to increase capacity. Improvements in energy efficiency and the mill's environmental footprint will also be realised. Board approval follows positive and active engagement with the Department of Trade and Industry who have been very supportive of the project. R155 million will be invested in the first phase which is expected to be completed during the first half of 2015 while the last phase will be completed in 2017.
07-Feb-2014
(Official Notice)
Shareholders are referred to the announcement released at 11:00 today, 7 February 2014 under the Company's share code, MPT, which was released in error by our Sponsor, Rand Merchant Bank, and which announcement should be disregarded as it does not relate to Mpact. The content of that announcement pertains to Clover Industries Ltd (Code: CLR). Mpact confirms that the correct trading statement for the Company was released on 07 February 2014 at 11:25.
07-Feb-2014
(Official Notice)
Mpact is currently finalising its results for the year ended 31 December 2013, which are expected to be released on or about 5 March 2014. In this regard, shareholders are advised that earnings per share ("EPS') and headline earnings per share ("HEPS") are likely to exceed the previous corresponding period by more than 20%.



Mpact expects EPS, HEPS and Underlying EPS for the year ended 31 December 2013 to be within the ranges shown below:

*EPS (cents) -- 226 to 240 (December 2012: 188.5)

*HEPS (cents) -- 226 to 240 (December 2012: 187.5)

*Underlying EPS (cents) -- 226 to 240 (December 2012: 191.1)



The increase in EPS, HEPS and Underlying EPS over the prior year is due to an increase in operating profit, lower finance costs and a lower effective tax rate.
16-Oct-2013
(Official Notice)
Mpact is pleased to announce the appointment of Neelin Naidoo as Managing Director of its Plastics business with effect from 1 November 2013.



Neelin replaces Ray Crewe-Brown, who has retired from the group.
09-Oct-2013
(Official Notice)
Mpact made presentations and hosted a number of investors and analysts at certain of its Johannesburg and Cape Town operations on 7 and 8 October 2013. Shareholders and interested parties are advised that copies of the presentations, which contain no previously unpublished financial information, are available on Mpact's website at www.mpact.co.za.
14-Aug-2013
(C)
Revenue increased to R3.5 billion (R3.2 billion). Operating profit rose to R235.9 million (R216.9 million) and a net attributable profit of R126.1million (R100.6 million) was recorded. In addition, headline earnings per share came in at 76.7cps (61.2cps).



Dividend

The board has declared an interim gross cash dividend of 22cps payable on 16 September 2013. The dividend has been declared from income reserves



Prospects

It is expected that GDP and consumer spending growth will remain subdued in South Africa and cost increases for labour, electricity and other administered services will be higher than inflation for the foreseeable future. Consequently, the Group expects trading conditions to remain highly competitive with associated margin pressures. The weaker rand should improve Mpact's competitive position relative to imports, although the benefits may be offset to some extent by related increases in input costs such as plastic polymers, paper, pulp, transport and chemicals. Our focus will be on profitability, cash generation and return on capital employed. The Group will also look to further develop its strong market positions, to improve productivity and to find new business opportunities. We remain confident that our strategy and record of execution position the Group well in the sectors in which it operates.

29-Jul-2013
(Official Notice)
Mpact is currently finalising its results for the six months ended 30 June 2013, which are expected to be released on or about 14 August 2013. In this regard, shareholders are advised that earnings per share (EPS) and headline earnings per shares (HEPS) are likely to exceed the previous corresponding period by more than 20%.



Mpact expects EPS, HEPS and underlying EPS for the six months ended 30 June 2013 to be within the ranges shown below:

*EPS (cents) 74 to 79 (June 2012: 61.3)

*HEPS (cents) 74 to 79 (June 2012: 61.2)

*Underlying EPS (cents) 74 to 79 (June 2012: 63.7)



The increase in EPS, HEPS and underlying EPS over the comparable prior period is due to an increase in operating profit, lower finance costs and a lower effective tax rate. Shareholders are advised that the financial information on which this trading statement is based has not been reviewed and reported on by the Company's external auditors.
11-Jun-2013
(Official Notice)
The second annual general meeting of the shareholders of Mpact was held on Tuesday, 11 June 2013. All the ordinary and special resolutions, as set out in the notice of annual general meeting to shareholders dated 22 March 2013, proposed at the meeting were approved by the requisite majority of votes.
28-Mar-2013
(Official Notice)
With regard to the audited results for the year ended 31 December 2012, shareholders were advised that the Integrated Report, including the Abridged Annual Financial Statements, have been distributed to shareholders today, 28 March 2013. The Integrated Report 2012, together with the Annual Financial Statements and the Sustainability Review will be available on the company's website www.mpact.co.za, from 10:00 today.



Notice of the annual general meeting

Notice is hereby given that the second annual general meeting of Mpact shareholders will be held at The Venue, 17 High Street, Melrose Arch, Johannesburg on 11 June 2013 at 13:00 to transact the business as stated in the Notice of Annual General Meeting forming part of the Integrated Report.



Salient dates

The Notice of Annual General Meeting has been sent to shareholders who were recorded as such in the company's securities register on Friday, 22 March 2013 being the notice record date set by the board of the company used to determine which shareholders are entitled to receive the Notice of Annual General Meeting.



The record date on which shareholders of the company must be registered as such in the company's securities register in order to attend and vote at the annual general meeting is Friday, 31 May 2013 being the voting record date set by the board of the company used to determine which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday, 24 May 2013. Proxy forms must be lodged by no later than 13h00 on Thursday, 7 June 2013. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
07-Mar-2013
(C)
Revenue for the year ended 31 December 2012 increased to R6.8 billion (2011: R6.3 billion). Operating profit rose to R578.7 million (2011: R463.4 million), while profit for the financial year attributable to equity holders of Mpact more than tripled to R308.8 million (2011: R90.1 million). Furthermore, headline earnings per share soared to 187.5cps (2011: 54.3cps).



Cash dividend

The Board has declared a final gross cash dividend of 50cps for the year ended 31 December 2012. Total gross dividends for the year, including the interim dividend of 20cps paid on 8 October 2012 amounts to 70cps (December 2011: 40cps).



Outlook

For the foreseeable future Mpact expects GDP and consumer demand growth to remain subdued in South Africa. We anticipate continued upward pressure on input costs such as labour, transport, electricity and municipal services. Consequently, the Group expects trading conditions to remain highly competitive with the associated margin pressure. Mpact's focus for the year will be on maintaining its market positions, productivity improvement and finding new business opportunities. The Group is confident that its strategy and resilience position Mpact well in the sectors in which it operates.
08-Feb-2013
(Official Notice)
Shareholders are referred to the trading statement released on SENS on 24 January 2013 advising that Mpact expected its earnings per share ('EPS") and headline earnings per shares ("HEPS") for the year ended 31 December 2012 to exceed the previous corresponding period by more than 20%. In the same announcement, the Company undertook to issue a further trading statement once there was further clarity on the specific range of the improvement in EPS and HEPS.



Accordingly, shareholders are advised that Mpact expects EPS, HEPS and underlying EPS for the year ended 31 December 2012 to be within the ranges shown below:

* EPS (cents): 185 to 192 (2011: 54.9)

* HEPS (cents): 184 to 191 (2011: 54.3)

* Underlying EPS (cents): 188 to 195 (2011: 102.9)



The increase in EPS over the comparable prior period is due to lower finance costs, as a result of net debt having been substantially reduced as part of the capital restructuring prior to listing in July 2011 as well as improved trading performance. It is anticipated that Mpact will release its results for the year ended 31 December 2012 on SENS on or about 7 March 2013.
24-Jan-2013
(Official Notice)
Estimated finance costs are lower as a result of net debt having been substantially reduced as part of the capital restructuring prior to listing on the JSE in July 2011. This, together with improved trading performance for the year ended 31 December 2012, will result in basic earnings per share ("EPS") and headline earnings per share ("HEPS") exceeding the previous corresponding period by more than 20%.



An EPS and HEPS range cannot be accurately estimated at this stage and shareholders are advised that a further trading statement will be issued in due course to provide earnings forecast ranges for EPS and HEPS as required by the JSE Listings Requirements.
06-Sep-2012
(C)
Revenue increased to R3.2 billion (R3 billion). Operating profit rose to R216.9 million (R192.3 million) and a net attributable profit of R100.6 million (R1.7 million) was recorded. In addition, headline earnings on a per share basis came in at 61.2cps (0.8cps).



Dividend

The board has declared an interim gross cash dividend of 20cps payable on 8 October 2012.



Prospects

Although increased demand from the agricultural sector and the displacement of imported packaging paper is encouraging, the marginal growth in non-agricultural sectors evident in the first half of the year remains a concern across all product sectors. Nevertheless Mpact continues to be well positioned within the sectors it operates and will look for opportunities to entrench itself as South Africa's leading paper and plastics packaging producer.

08-Aug-2012
(Official Notice)
Shareholders are referred to the trading statement released on SENS on 8 June 2012 advising them that Mpact expected its earnings per share ("EPS") and headline earnings per shares ("HEPS") for the six months ended 30 June 2012 would exceed the previous corresponding period by more than 20%. In the same announcement, the company undertook to issue a further trading statement once there was further clarity on the specific range of the improvement in EPS and HEPS.



Accordingly, shareholders are advised that Mpact expects EPS, HEPS and underlying EPS for the six months ended 30 June 2012 to be within the ranges shown below:

*EPS -- 58.4cps to 64.2cps (June 2011: 1.0cps)

*HEPS -- 58.3cps to 64.1cps (June 2011: 0.8cps)

*Underlying EPS -- 60.7cps to 66.7cps (June 2011: 4.3cps)



The increase in EPS over the comparable prior period is due primarily to lower finance costs attributable to the recapitalisation of the company prior to listing in July 2011. It is anticipated that Mpact will release its results for the six months ended 30 June 2012 on SENS on or about 6 September 2012.
09-Jul-2012
(Official Notice)
Mpact shareholders were advised of the outcome of the odd-lot offer and specific offer to repurchase shares, both h of which closed on Friday 6 July 2012. Odd-lot holders who did not make an election were automatically regarded as having chosen to sell their odd-lot holdings.



The results of the specific offer are as follows:



Shares sold by election:

Certificated -- 2 366

Dematerialised -- 200 876

Total -- 203 242



Mpact repurchased a total of 470 820 shares, representing 0.29% of the issued share capital of the company for a total consideration of R8 083 979.40. The number of shareholders was reduced by 27 240 representing approximately 85.5% of the total number of shareholders.



Additionally, with regard to the amendments to the Income Tax Act relating to dividend withholding tax, which became effective 1 April 2012, shareholders are advised that since the resolutions for the odd-lot offer and specific offer were unconditionally passed by Mpact's board prior to 1 April 2012, the new dividend definition is not applicable to this transaction, and hence there will be no dividend withholding tax applied.
21-Jun-2012
(Official Notice)
Mpact shareholders are hereby advised that the necessary special resolution relating to the adoption of the memorandum of incorporation, which was approved at the annual general meeting of shareholders held on 5 June 2012, has been registered with the Companies and Intellectual Property Commission ("CIPC"). The odd-lot offer and specific offer to repurchase shares are now unconditional.



Additionally, in relation to the offer price, which was calculated using the volume weighted average traded price of an Mpact share on the JSE Ltd. over the five trading days which commenced on Thursday, 14 June 2012 and ended on Wednesday, 20 June 2012, plus a 5% premium, shareholders are advised that the offer price is R17.17. Further announcements regarding the results of the odd-lot offer and specific offer to repurchase shares will be made following the closing of the odd-lot offer and specific offer to repurchase shares on 9 July 2012.
08-Jun-2012
(Official Notice)
The lower estimated finance costs for the six months ending 30 June 2012 compared to the previous year, as a result of net debt having been substantially reduced as part of the capital restructuring prior to listing on the JSE in July 2011, will result in basic earnings per share (''EPS'') and headline earnings per share (''HEPS'') exceeding the previous corresponding period by more than 20%. An EPS and HEPS range could not be accurately estimated and shareholders were advised that a further trading statement was to be issued to provide earnings forecast ranges for EPS and HEPS.



Shareholders were advised that the financial information on which this trading statement is based, had not been reviewed and reported on by the company's external auditors.
05-Jun-2012
(Official Notice)
Mpact shareholders are advised that the necessary special resolution relating to the specific authority to repurchase shares and the ordinary resolution to make and implement an odd-lot offer were approved by the requisite majority of votes at a general meeting of shareholders held on Tuesday, 5 June 2012. The special resolution relating to the adoption of memorandum of incorporation, which was approved by the requisite majority of votes at the annual general meeting of shareholders held on the same day, will be registered with the Companies and Intellectual Property Commission and a finalisation announcement confirming the registration thereof will be released on SENS on or about Friday, 22 June 2012.
05-Jun-2012
(Official Notice)
At the first annual general meeting of the shareholders of Mpact held on 5 June 2012, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
11-May-2012
(Official Notice)
Shareholders were referred to the SENS announcement released on 6 December 2011, whereby shareholders were informed of Mr Egar Leslie Leong's extended fixed term employment contract with the company which will end on 30 June 2012.



Accordingly, the company announced the appointment of Brett Clark to the position of chief financial officer designate and executive director with effect from 1 June 2012. He will officially assume the role of chief financial officer at the beginning of July 2012.
28-Mar-2012
(Official Notice)
28-Mar-2012
(Official Notice)
Shareholders are advised that the annual financial statements have been distributed to shareholders on 28 March 2012 and contain no modifications to the audited results which were published on SENS on 8 March 2012.



Notice is hereby given that the first annual general meeting of Mpact shareholders will be held at Mpact Limited, 4th Floor, 3 Melrose Boulevard, Melrose Arch, Johannesburg on 5 June 2012 at 13h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



The notice of the company's annual general meeting has been sent to its shareholders who were recorded as such in the company's securities register on Friday, 23 March 2012 being the notice record date set by the board of the company used to determine which shareholders are entitled to receive notice of the annual general meeting. The record date on which shareholders of the company must be registered as such in the company's securities register in order to attend and vote at the annual general meeting is Friday, 25 May 2012 being the voting record date set by the board of the company used to determine which shareholders are entitled to attend and vote at the annual general meeting. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Friday, 18 May 2012. Proxy forms must be lodged by no later than 12h00 on Friday, 1 June 2012. Any forms of proxy not lodged by this time must be handed to the chairperson of the annual general meeting immediately prior to the annual general meeting.
08-Mar-2012
(C)
Mpact declared its maiden final results, therefore there are no comparable figures. Revenue for the year came in at R6.3 billion. Gross profit was R2.5 billion, operating profit was recorded at R463.4 million, while profit from continuing operations attributable to equity holders of Mpact was R90.1 million. Furthermore, headline earnings per share was 54.3cps.



Dividend

On 6 March 2012 the board declared a cash dividend of 40cps.



Outlook

Mpact expect margins in the paper business to remain under pressure as lower international paper prices and the threat of import substitution limit our ability to fully recover cost increases, especially energy, transport and labour. Despite this, the company's strong market position in the paper business remains a key competitive advantage. In the plastics business, Mpact will continue with the optimisation of their existing operations while seeking further opportunities to establish Mpact as the leading South African rigid plastic packaging producer. While the economy and trading conditions are expected to remain challenging in the near term, Mpact continues to be well positioned within the sectors it operates.
22-Feb-2012
(Official Notice)
Mpact successfully listed as a public company on the main board of the securities exchange operated by the JSE on 11 July 2011, following a demerger from Mondi Ltd. This event gave rise to special items of cost that will not recur. These include listing costs and the costs of restructuring debt. In order to reflect the earnings effect of these special items, the directors of Mpact have elected to provide an additional measure of underlying earnings per share. In terms of a special resolution passed on 28 April 2011 the number of ordinary shares in issue was increased from 159 950 ordinary shares to 23 192 750 ordinary shares following a share split. Furthermore, on 5 July 2011 an additional 140 853 726 ordinary shares were issued to the then shareholders as part of Mpact's capital restructuring prior to listing. Consequently the company listed on 11 July 2011 with 164 046 476 ordinary shares.



On the basis of 164 046 476 issued ordinary shares, shareholders are advised that Mpact expects earnings per share ("EPS"), headline earnings per share ("HEPS")and underlying EPS for the year ended 31 December 2011 to be within the ranges shown below:

* Basic EPS (cents) 52.0 to 56.0 (2010: 22.4)

* Basic HEPS (cents) 52.0 to 56.0 (2010: 23.1)

* Underlying EPS (cents) 100.0 to 104.0 (2010: 24.3)



The increase in EPS over the prior year is due primarily to lower finance costs attributable to the recapitalisation of the company prior to listing. Basic HEPS has been calculated in accordance with Circular 3/2009 as issued by the South African Institute of Chartered Accountants. It is anticipated that Mpact will release its results for the year ended 31 December 2011 on SENS on or about 8 March 2012.
06-Dec-2011
(Official Notice)
Shareholders are referred to the pre-listing statement released on 31 May 2011, whereby shareholders were informed of Mr Egar Leslie Leong's fixed term employment contract with the company that is due to expire on 31 December 2011. The company has extended Mr Leong's fixed term employment contract to 30 June 2012 while in the process of finding a suitable replacement.
28-Nov-2011
(Official Notice)
Mpact announce the appointment of Noriah Sepuru as company secretary with effect from 1 December 2011, in place of William Somerville who has stepped down as interim company secretary with effect from the same date.



15-Nov-2011
(Official Notice)
Shareholders were advised that Mpact will be hosting a number of analysts and shareholders for a two-day site visit at Mpact Paper, Corrugated and Plastics in Gauteng and Cape Town on 15 November 2011 and the next day, respectively. The presentations made during the site visit can be viewed on the company's website, www.mpact.co.za. No information of a material nature will be presented in respect of current trading or future financial performance of the company.
11-Aug-2011
(C)
Revenue amounted to R3 billion for the Mpact's maiden interim results as a listed company. Operating profit was R192.3 million and a net attributable profit of R1.7 million was recorded. In addition, headline earnings on a per share basis came in at 0.8cps.



Outlook

Earnings in the second half of the year are expected to be enhanced as a result of the significant capital restructuring on 5 July 2011, in which net debt was reduced to R1.718 million (30 June 2011: R3.697 million). Due to seasonal effects, trading in the second half of the year is typically better than the first.



However, demand remains a concern due to ongoing economic weakness and consumer uncertainty. Demand is also likely to be impacted by increased competition from direct and indirect imports on the back of the continued strength of the rand.



The paper manufacturing and plastics businesses were affected by industry wide industrial action in July. While it is anticipated that some of the lost production and sales will be recovered before the end of the financial year, the full extent will only be known in due course.
28-Jul-2011
(Official Notice)
The Mondi Group interim results for the first six months ended 30 June 2011, which were announced today, included Mpact financial information as a discontinued operation in terms of international financial reporting standards. Shareholders are advised that the disclosure in the Mondi interim results of Mpact's financial information is on a consolidated basis, therefore including intergroup eliminations and consolidation adjustments. Mpact's interim financial results, to be announced on 11 August 2011, will reflect the business on a stand-alone basis and will not include the same intergroup eliminations and consolidation adjustments. The recapitalisation of Mpact, as described in the pre-listing statement, was effected on 5 July 2011, and hence the effects of the recapitalisation are not reflected in the results announced by the Mondi Group. Shareholders are further referred to the trading statement released on SENS today, 28 July 2011.
28-Jul-2011
(Official Notice)
On the basis of 164 046 476 issued ordinary shares, shareholders are advised that headline earnings per ordinary share for the six months ended 30 June 2011 are 0.8 cents compared to a headline loss per ordinary share of 18.4 cents for the six months ended 30 June 2010. Earnings per ordinary share for the six months ended 30 June 2011 are 1.0 cent compared to a loss per ordinary share of 19.2 cents for the six months ended 30 June 2010. It is anticipated that Mpact will release its interim results on SENS on 11 August 2011.
11-Jul-2011
(Official Notice)
Further to the listing of Mpact on the JSE mainboard on 11 July 2011 and in compliance with the JSE Ltd Listings Requirements, the following information is disclosed:



Mpact announced the appointment of William Somerville as interim company secretary with effect from 11 July 2011.
18-Jul-2018
(X)
Mpact is one of the largest paper and plastics packaging businesses in southern Africa, with leading market positions in recovered paper collection, corrugated packaging, recycled-based cartonboard and containerboard, polyethylene-terephthalate (?PET?) preforms and trays, recycled PET (?rPET?) and plastic jumbo bins. The principal activities of the Group remain unchanged from the previous year.


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