MAS PLC - Distribution of circular and notice of shareholders meeting

Distribution of circular and notice of shareholders’ meeting

MAS P.L.C.
Registered in Malta
Registration number C99355
JSE share code: MSP
ISIN: VGG5884M1041
LEI code: 213800T1TZPGQ7HS4Q13
(‘MAS’ or the ‘Company’)


DISTRIBUTION OF CIRCULAR AND NOTICE OF SHAREHOLDERS’ MEETING IN RESPECT OF A PROPOSED ACQUISITION OF 
SIX COMMERCIAL RETAIL CENTRES IN ROMANIA FROM A RELATED PARTY AND DEVELOPMENT JOINT VENTURE EXTENSION


Shareholders are referred to the announcement published on 4 May 2022, wherein shareholders were advised
that MAS has entered into agreements in terms of which:

-    MAS acquires 100% of the share capital and shareholder loans of six subsidiaries (‘SPVs’) of PKM
     Developments Limited (‘PKM Development’ or the ‘Seller’), owning six commercial retail centres in
     Romania (the ‘Properties’) through two subsidiaries, namely MAS CEE Management Holdings SRL and
     MAS Real Estate Finance SRL (the ‘Purchasers’) (the ‘Acquisition’). PKM Development is the
     development joint venture established in March 2016 (the ‘DJV’) by Prime Kapital Limited (‘Prime Kapital’),
     PKM Development, MAS and MAS CEE Developments Limited; and

-    the duration of the relationship with Prime Kapital via the DJV is extended and MAS’ funding commitment to
     the DJV is increased (‘DJV Extension’),

     collectively, the ‘Transactions’.

Shareholders are advised that a copy of the circular relating to the Transactions (‘Circular’) incorporating a notice
of meeting of MAS shareholders (‘Shareholders’ Meeting’) is available on the Company’s website at:
https://masrei.com/governance/documents and will be distributed to MAS shareholders today, Wednesday, 8 June 2022.

The Shareholders’ Meeting will be held at 13:00 on Thursday, 30 June 2022 at the registered offices of MAS,
Suite 11, Marina Business Centre, Abate Rigord Street, Ta’ Xbiex, XBX 1129, Malta, for the purpose of
considering, and if deemed fit passing, with or without modification, the resolutions required to be approved by
shareholders in order to approve the Transactions.

The salient dates and times relating to the Circular and the Shareholders’ Meeting are set out below.

                                                                                                            2022

Record date to receive the Circular and notice of Shareholders’ Meeting                           Friday, 27 May

Circular and notice of Shareholders’ Meeting issued                                            Wednesday, 8 June

Last day to trade in order to be eligible to participate in and vote at the 
Shareholders’ Meeting                                                                           Tuesday, 21 June

Voting record date                                                                               Friday, 24 June

Last day to lodge forms of proxy for the Shareholders’ Meeting by 13:00                         Tuesday, 28 June

Shareholders’ Meeting held at 13:00                                                            Thursday, 30 June

Results of the Shareholders’ Meeting released on SENS                                          Thursday, 30 June


8 June 2022


For further information please contact:
Leon Allison, MAS P.L.C.                                    + 27 82 307 3667
Dan Petrisor, MAS P.L.C.                                    + 356 77 186 791
Java Capital, Corporate advisor and JSE sponsor             + 27 11 722 3050

Date: 08-06-2022 08:30:00
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