| Thu 30 Jun 2011, 15:12 | | MPT - Mpact Limited - Mpact Limited listing and demerger finalisation |
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JSE
MPT
MPT - Mpact Limited - Mpact Limited listing and demerger finalisation
announcement
Mpact Limited
(formerly Mondi Packaging South Africa Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2004/025229/06)
JSE share code: MPT ISIN: ZAE000156501
("Mpact" or the "Company")
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO
AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES.
MPACT LIMITED LISTING AND DEMERGER FINALISATION ANNOUNCEMENT
Reference is made to the pre-listing statement, dated Tuesday, 31 May 2011, and
the abridged pre-listing statement released on Tuesday, 31 May 2011, relating to
the demerger of Mpact by way of a dividend in specie from Mondi Limited to Mondi
Limited Ordinary Shareholders (the "Demerger") and the listing of all of Mpact`s
issued ordinary shares of no par value ("Mpact Shares") by way of introduction
(the "Listing") on the Main Board of the securities exchange operated by the JSE
Limited ("JSE"), with effect from the commencement of business on Monday, 11
July 2011 (the "Date of Listing").
At the Mondi Limited General Meeting held on Thursday, 30 June 2011 at 12.00
p.m. (South Africa), and the Mondi plc General Meeting held on Thursday, 30 June
2011 at 11.00 a.m. (United Kingdom) (the "Meetings"), all of the resolutions,
relating to the Listing and Demerger, proposed at the Meetings (the
"Resolutions"), were approved by the requisite majority of votes.
The Listing and Demerger were conditional on the passing of the Resolutions
("Demerger Conditions Precedent"). Accordingly, the Demerger Conditions
Precedent have been fulfilled in every respect and the Demerger and Listing will
progress in accordance with the salient dates and times set out below.
Salient dates and times
2011
Last Day to trade in Mondi Limited Ordinary Shares on Friday, 8 July
the JSE to participate in the Demerger
Mondi Limited Ordinary Shares trade "ex" the Monday, 11 July
entitlement to the demerged Mpact shares ("Demerged
Shares") from the commencement of business
Listing of Mpact Shares on the JSE under the share Monday, 11 July
code "MPT" and ISIN ZAE000156501 from the
commencement of business
Demerger record date Friday, 15 July
Demerger effected Monday, 18 July
Share certificates in respect of the Demerged Shares Monday, 18 July
posted to certificated Mondi Limited Ordinary
Shareholders on or about
Dematerialised Mondi Limited Ordinary Shareholders Monday, 18 July
will have their accounts at their CSDP or broker
updated with Demerged Shares on
Announcement by Mondi Limited of the apportionment of Wednesday, 20 July
base cost for capital gains tax purposes
Johannesburg
30 June 2011
Rand Merchant Bank is acting as financial adviser and transaction sponsor to
Mpact and Rothschild is acting as financial adviser and transaction sponsor to
the Mondi Group.
Notice to Shareholders
This announcement does not constitute an offer to sell nor a solicitation to buy
securities as such terms are defined under the US Securities Act.
The securities referenced herein have not been and will not be registered under
the US Securities Act or under any securities laws of any state or other
jurisdiction of the United States and may not be offered, sold or taken up,
directly or indirectly, within the United States except pursuant to an
applicable exemption from, or in a transaction not subject to, the registration
requirements of the US Securities Act and in compliance with any applicable
securities laws of any state or other jurisdiction of the United States. There
will be no public offer of the Mpact Shares in the United States.
The securities referenced herein have not been and will not be registered under
the securities laws of Australia, Canada or Japan and may not be offered, sold,
taken up or renounced, directly or indirectly, within such jurisdictions except
pursuant to an applicable exemption from and in compliance with any applicable
securities laws.
Date: 30/06/2011 15:12:33 Produced by the JSE SENS Department.
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JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
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employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
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information disseminated through SENS.
