In accordance with the JSE Limited Listings Requirements and Section 122 of the Companies Act No 71 of 2008, as amended, shareholders are advised of the following:
Shanduka Packaging has notified the Company that it has disposed all of its shareholding, being 17 150 154 Mpact ordinary shares representing 10.48% of the Company‘s ordinary shares in issue.
Mpact, one of Southern Africa’s leading manufacturers of paper and plastics packaging, today reported a solid performance with half year revenue up 11.7% to R3.2 billion.
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%.
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.
In compliance with the Listings Requirements of the JSE Limited, Mpact announces that the financial results for the period to be reported on will differ by 20% or more from the financial results of the previous corresponding period.
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.
At the first annual general meeting of the shareholders of Mpact held today, 5 June 2012, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.
Mpact is pleased to announce the appointment of Brett Clark to the position of Chief Financial Officer Designate and Executive Director with effect from 1 June 2012.
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.
Newly listed Mpact, one of southern Africa’s leading manufacturers of paper and plastic packaging products, today reported 2011 results with annual revenues up 7.5 percent to R6149 million.
In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for a reporting period will differ by at least 20% from the results of the previous corresponding reporting period.