TRANSPACO LIMITED - Update on the Acquisition of the Premier Plastics Group
Update on the Acquisition of the Premier Plastics Group
TRANSPACO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1951/000799/06)
ISIN: ZAE000007480
JSE Share code: TPC
("Transpaco")
UPDATE ON THE ACQUISITION OF THE PREMIER PLASTICS GROUP
Shareholders are referred to the announcements released on the Stock Exchange News
Service on 06 November 2025 and 29 January 2026 respectively (the "terms
announcements"). The terms announcements set out the details of Transpaco's proposed
acquisition of all of the issued shares of Premier Plastics Proprietary Limited ("Premier")
from Bundeena No 2 Proprietary Limited, Sixone Proprietary Limited and Alessandra
Bragazzi (collectively the "Sellers") who have agreed to sell the shares to Transpaco with
effect from 1 July 2025 ("Effective Date"), on certain terms and subject to certain conditions
(the "Acquisition").
Shareholders are advised that Transpaco has been informed by the Competition
Commission that it has prohibited the Acquisition. Transpaco is working through the
Competition Commission's response and is considering all available options.
Shareholders will be updated in due course.
Legal advisors to Transpaco
Cliffe Dekker Hofmeyr Incorporated
Sponsor to Transpaco
Investec Bank Limited
24 February 2026
Date: 24-02-2026 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, 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, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
