Distribution of circular and notice of shareholders’ meeting
Registered in Malta
Registration number C99355
JSE share code: MSP
LEI code: 213800T1TZPGQ7HS4Q13
(‘MAS’ or the ‘Company’)
DISTRIBUTION OF CIRCULAR AND NOTICE OF SHAREHOLDERS’ MEETING IN RESPECT OF A PROPOSED ACQUISITION OF
SIX COMMERCIAL RETAIL CENTRES IN ROMANIA FROM A RELATED PARTY AND DEVELOPMENT JOINT VENTURE EXTENSION
Shareholders are referred to the announcement published on 4 May 2022, wherein shareholders were advised
that MAS has entered into agreements in terms of which:
- MAS acquires 100% of the share capital and shareholder loans of six subsidiaries (‘SPVs’) of PKM
Developments Limited (‘PKM Development’ or the ‘Seller’), owning six commercial retail centres in
Romania (the ‘Properties’) through two subsidiaries, namely MAS CEE Management Holdings SRL and
MAS Real Estate Finance SRL (the ‘Purchasers’) (the ‘Acquisition’). PKM Development is the
development joint venture established in March 2016 (the ‘DJV’) by Prime Kapital Limited (‘Prime Kapital’),
PKM Development, MAS and MAS CEE Developments Limited; and
- the duration of the relationship with Prime Kapital via the DJV is extended and MAS’ funding commitment to
the DJV is increased (‘DJV Extension’),
collectively, the ‘Transactions’.
Shareholders are advised that a copy of the circular relating to the Transactions (‘Circular’) incorporating a notice
of meeting of MAS shareholders (‘Shareholders’ Meeting’) is available on the Company’s website at:
https://masrei.com/governance/documents and will be distributed to MAS shareholders today, Wednesday, 8 June 2022.
The Shareholders’ Meeting will be held at 13:00 on Thursday, 30 June 2022 at the registered offices of MAS,
Suite 11, Marina Business Centre, Abate Rigord Street, Ta’ Xbiex, XBX 1129, Malta, for the purpose of
considering, and if deemed fit passing, with or without modification, the resolutions required to be approved by
shareholders in order to approve the Transactions.
The salient dates and times relating to the Circular and the Shareholders’ Meeting are set out below.
Record date to receive the Circular and notice of Shareholders’ Meeting Friday, 27 May
Circular and notice of Shareholders’ Meeting issued Wednesday, 8 June
Last day to trade in order to be eligible to participate in and vote at the
Shareholders’ Meeting Tuesday, 21 June
Voting record date Friday, 24 June
Last day to lodge forms of proxy for the Shareholders’ Meeting by 13:00 Tuesday, 28 June
Shareholders’ Meeting held at 13:00 Thursday, 30 June
Results of the Shareholders’ Meeting released on SENS Thursday, 30 June
8 June 2022
For further information please contact:
Leon Allison, MAS P.L.C. + 27 82 307 3667
Dan Petrisor, MAS P.L.C. + 356 77 186 791
Java Capital, Corporate advisor and JSE sponsor + 27 11 722 3050
Date: 08-06-2022 08:30:00
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