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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Plantic Tech. | LSE:PLNT | London | Ordinary Share | AU0000XINEG8 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPLNT RNS Number : 2309U Plantic Technologies Limited 12 October 2010 12 October 2010 PLANTIC TECHNOLOGIES LIMITED ("Plantic" or "the Company") ASIC REGISTERS PLANTIC SCHEME BOOKLET FOR DESPATCH TO SHAREHOLDERS, DEPositary Interest Holders and OptionHolders Plantic (AIM:PLNT) announces that the Australian Securities and Investment Commission (ASIC) has registered the explanatory statement contained in the Scheme Booklet attached to this announcement regarding the previously announced scheme of arrangement between Plantic shareholders for the acquisition of all ordinary shares in Plantic by Gordon Merchant No.2 Pty Ltd (GM), other than those shares already held by GM (Share Scheme), and the previously announced scheme of arrangement between Plantic optionholders for the cancellation of all Plantic options (Option Scheme). The Independent Board Committee of Plantic unanimously recommends that Plantic shareholders, depositary interest holders and optionholders vote in favour of the respective Schemes, in the absence of a superior proposal. The Independent Board Committee Directors intend to vote all Plantic shares and Plantic options held or controlled by them in favour of the Share Scheme and the Option Scheme respectively, in the absence of a superior proposal. The Share Scheme Meeting will be held at Plantic's offices located at 51 Burns Road, Altona, Victoria, Australia on 17 November 2010 at 7:00 pm Melbourne, Australia time. A phone link to this meeting will also be available at the offices of Matrix Corporate Capital LLP at 1 Vine Street, London W1J 0AH, UK on 17 November 2010 at 8:00am GMT. The Option Scheme Meeting will be held at Plantic's offices located at 51 Burns Road, Altona, Victoria, Australia on 17 November 2010 at 6:30 pm Melbourne, Australia time. A phone link to this meeting will also be available at the offices of Matrix Corporate Capital LLP at 1 Vine Street, London W1J 0AH, UK on 17 November 2010 at 7:30am GMT. All shareholders, depositary interest holders and optionholders are encouraged to vote in relation to the Share Scheme and Option Scheme respectively in accordance with the instructions contained in the Scheme Booklet. FURTHER INFORMATION: Plantic Technologies Limited Brendan Morris, Chief Executive Officer +61 (0) 3 9353 7983 Matrix Corporate Capital LLP Stephen Mischler +44 (0) 20 3206 7203 Tim Graham +44 (0) 20 3206 7206 Pelham Bell Pottinger Archie Berens +44 (0) 20 7861 3112 NOTES FOR EDITORS Plantic Technologies is based in Australia, where its head office, principal manufacturing and research and development facilities are located. In addition the company has a rigid packaging manufacturing plant in Jena, Germany together with sales offices in Germany, the United Kingdom and the USA. Plantic employs approximately 65 people internationally. Plantic's novel polymer technology is based on the use of high-amylose corn starch, a material derived from annual harvesting of specialized non-GM (hybrid) corn and supplied by National Starch. The unique chemical and film-forming properties of this type of starch allow for development of a range of applications across conventional plastics markets. Plantic materials have a renewable bio-content of approximately 85%. In addition to being renewably-sourced, Plantic materials are biodegradable, home compostable, water dispersible and compostable to American (ASTM 6400) and European (EN 13432) standards. Plantic Technologies has won numerous international awards for their innovation in biodegradable plastics. Plantic is listed on the London Stock Exchange (AIM) under the symbol 'PLNT'. For more information visit the company's website www.plantic.com.au. This information is provided by RNS The company news service from the London Stock Exchange END MSCMTBFTMBMBMBM
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