Fulfilment of Outstanding Scheme Condition and Finalisation Announcement
MASTER PLASTICS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2016/323930/06)
Share code: MAP ISIN: ZAE000242921
FULFILMENT OF OUTSTANDING SCHEME CONDITION AND FINALISATION ANNOUNCEMENT
Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the
same meanings ascribed thereto in the circular, dated Wednesday, 21 November 2018 ("Circular").
Shareholders are referred to:
1.1 the joint announcement by Master Plastics, MCGF II Partnership and MCGF II Investments released
on SENS on 7 November 2018 and published in the South African press on 8 November 2018 of a
firm intention by MCGF II Partnership and MCGF II Investments to make an offer to acquire all the
Shares of Master Plastics (other than certain excluded Shares), dated 7 November 2018;
1.2 the announcement by Master Plastics regarding posting of the Circular and the Notice convening the
Scheme Meeting, dated 21 November 2018;
1.3 the Circular;
1.4 the joint announcement by Master Plastics, MCGF II Partnership and MCGF II Investments released
on SENS on 30 November 2018 and published in the South African press on 3 December 2018
regarding an increase in the offer consideration payable under the Scheme and the revised terms of
the offer by MCGF II Partnership and MCGF II Investments to acquire all the issued ordinary Shares
of Master Plastics (other than certain excluded Shares), dated 30 November 2018; and
1.5 the announcement by Master Plastics released on SENS on 20 December 2018 and published in
the South African press on 21 December 2018 regarding the results of Scheme Meeting, dated
20 December 2018.
The Board is pleased to announce that, following receipt from the Panel of a compliance certificate in terms
of section 119(4)(b) of the Companies Act in respect of the Scheme on 8 January 2019, all outstanding
Scheme Conditions to the implementation of the Scheme have now been fulfilled.
2. SALIENT DATES AND TIMES
Shareholders are reminded of the following salient dates and times relating to the Scheme as set out in the
Scheme LDT, being the last day to trade Shares on the JSE in order to
be recorded in the Register to receive the Scheme Consideration, on Tuesday, 29 January
Suspension of listing of Shares on AltX expected to take place at the
commencement of trade on Wednesday, 30 January
Scheme Consideration Record Date, being the date on which Scheme Friday, 1 February
Participants must be recorded in the Register to receive the Scheme
Consideration, by close of trade on
Date on which the Scheme is implemented Monday, 4 February
Scheme Consideration expected to be paid/posted to Scheme
Participants who are Certificated Shareholders (provided their Forms of
Surrender and Transfer (blue) and Documents of Title are received on or
prior to 12:00 on the Scheme Consideration Record Date) on or about Monday, 4 February
Scheme Participants who are Dematerialised Shareholders expected to
have their accounts (held at their CSDP or broker) credited with the
Scheme Consideration, on or about Monday, 4 February
Termination of listing of Shares on AltX to take place at the
commencement of trade on or about Tuesday, 5 February
1. All times given in this document are local times in South Africa.
2. Shares may not be dematerialised or rematerialised after the Scheme LDT, which date will be Tuesday,
29 January 2019.
9 January 2019
Corporate Advisor and Transaction Sponsor to Master Plastics
Legal Advisor to Master Plastics
Financial and Corporate Advisor to the Offerors
The Standard Bank of South Africa Limited
Legal Advisor to the Offerors
Cliffe Dekker Hofmeyr Inc.
Nodus Capital TS Proprietary Limited
Date: 09/01/2019 12:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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