PLNT Plantic Tech.

 

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 
 
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