Investor calendar

Take note of these important dates:

11 December 2018 — Last day to trade Shares in order to be recorded in the Register to vote at the Scheme Meeting (see note 2 below)

14 December 2018 — Record date to be eligible to vote at the Scheme Meeting (being the Scheme Voting Record Date) by close of trade

18 December 2018 — Last day to lodge Form of Proxy in respect of the Scheme Meeting (green) with the Transfer Secretaries by 10:00 (alternatively the Form of Proxy in respect of the Scheme Meeting (green) may be handed to the chairperson of the Scheme)

18 December 2018 — Meeting immediately before the appointed proxy exercises any of the Shareholder’s votes at the Scheme Meeting)

20 December 2018 — Last date and time for Shareholders to give notice of their objections to the special resolution approving the Scheme, in terms of section 164(3) of the Companies Act, by no later than 10:00

20 December 2018 — Scheme Meeting to be held at 10:00

20 December 2018 — Results of the Scheme Meeting released on SENS

21 December 2018 — Results of the Scheme Meeting published in the South African press


If the Scheme is approved by Shareholders at the Scheme Meeting:

31 December 2018 — Last day for Shareholders who voted against the Scheme to require Master Plastics to seek court approval for the Scheme in terms of section 115(3) of the Companies Act, if at least 15% of the total votes of shareholders at the Scheme Meeting were exercised against the Scheme


If the Scheme is approved by Shareholders at the Scheme Meeting with sufficient voting rights such that no Shareholder may require the Company to obtain Court approval for the Scheme as contemplated in section 115(3)(a) of the Companies Act:

8 January 2019 — Last date on which Shareholders can make application to the Court in terms of section 115(3)(b) of the Companies Act

8 January 2019 — Last date for Master Plastics to give notice of adoption of the special resolution approving the Scheme to Shareholders objecting to the special resolution, in terms of section 164(4) of the Companies Act


If no Shareholders exercise their rights in terms of section 115(3)(b) of the Companies Act:

22 January 2019 — Finalisation Date in respect of the Scheme expected to be

22 January 2019 — Finalisation Date announcement in respect of the Scheme expected to be released on SENS by no later than 11:00

25 January 2019 — Finalisation Date announcement in respect of the Scheme expected to be published in the South African press

29 January 2019 — Expected Scheme LDT, being the last day to trade Shares on AltX in order to be recorded in the Register to receive the Scheme Consideration

30 January 2019 — Suspension of listing of Shares on AltX expected to take place at the commencement of trade

1 February 2019 — Expected Scheme Consideration Record Date, being the date on which Scheme Participants must be recorded in the Register to receive the Scheme Consideration, by close of trade

4 February 2019 — Expected date on which the Scheme is implemented

4 February 2019 — 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)

4 February 2019 — Scheme Participants who are Dematerialised Shareholders expected to have their accounts (held at their CSDP or broker) credited with the Scheme Consideration

5 February 2019 — Termination of listing of Shares on AltX expected to take place at the commencement of trade


Notes:

  1. All dates and times may be changed by mutual agreement between Master Plastics and the Offerors (subject to the approval of the JSE and/or the Panel, if required). The dates have been determined based on certain assumptions regarding the date by which certain regulatory approvals will have been obtained and that no Court approval or review of the special resolution required to approve the implementation of the Scheme will be required.
    Any change in the dates and times will be released on SENS and published in the South African press.

  2. Shareholders should note that, as transactions in Shares are settled in the electronic settlement system used by Strate, settlement of trades takes place three Business Days after such trade. Therefore, Shareholders who acquire Shares after close of trade on Tuesday, 11 December 2018 will not be eligible to vote at the Scheme Meeting.

  3. All times given in this document are local times in South Africa.

  4. Shares may not be dematerialised or rematerialised after the Scheme LDT, which date is expected to be Tuesday, 29 January 2019.

  5. If the Scheme is approved by an insufficient number of Scheme Members at the Scheme Meeting so that a Scheme Member may require Master Plastics to obtain Court approval of the Scheme, as contemplated in section 115(3)(a) of the Companies Act, and a Scheme Member in fact delivers such a request, the dates and times set out above in respect of the period after receipt of such request will not be relevant. If this is the case, Shareholders will be notified separately of the applicable dates and times under this process.

  6. If any Scheme Member who votes against the Scheme exercises its rights in accordance with section 115(3)(b) of the Companies Act and applies to Court for a review of the Scheme, the dates and times set out above in respect of the period of such application will not be relevant. If this is the case, Shareholders will be notified separately of the applicable dates and times under this process.

  7. If the Scheme Meeting is adjourned or postponed, Forms of Proxy in respect of the Scheme Meeting (green) submitted for the initial Scheme Meeting will remain valid in respect of any adjournment or postponement of the Scheme Meeting.