Molins PLC renamed Mpac Group plc

Group businesses Langen and Molins Technologies will both be known as Mpac Langen.

The board of Molins plc announces its change of name and brand style and that of its Group businesses. As a result of a re-naming process following the sale of the Molins Instrumentation & Tobacco Machinery business in August 2017, shareholders voted in favour of the resolution to change the name as a positive step forward.

The name ‘Mpac’ was chosen as a name grounded in the Company’s rich heritage, focused on the future as a global leader of high-speed packaging solutions and is an important element in the Group’s transformational process.

Bringing together existing group businesses to trade under one brand supports its commitment to provide ingenious packaging solutions to target pharmaceutical, healthcare, nutrition and beverage markets.

The sale of the Instrumentation & Tobacco Machinery business last year was instrumental in supporting Mpac Group’s growth strategy so they can now focus 100% on target markets.

Sustainable growth will be driven across these markets by investing in the development of new products and services to be delivered through their regionally focused sales and service teams.

Mpac Langen is determined to transform the way that global consumer goods companies procure packaging solutions from a slow, complex and risky process into an easy, collaborative, long-term partnership built on mutual respect, as the industry currently makes it confusing, costly and time-consuming.

 

 

Proposed name change and notice of General Meeting

Proposed name change and notice of General Meeting

Mpac Group plc announces that a circular convening a General Meeting of Mpac Group plc (the “Company“) will be sent to shareholders today and made available to view on the Company’s website at www.Mpac group.com. The meeting will be held on 22 January 2018 at 11.00 a.m. at the offices of Panmure Gordon, One New Change, London, EC4M 9AF (the “General Meeting“). The purpose of this meeting is to consider and, if deemed appropriate, to approve a resolution to change the name of the Company to “Mpac Group plc”.

As previously announced on 8 June 2017 (the “Announcement“), as part of the sale by the Company of the Instrumentation & Tobacco Machinery business (as defined in the Announcement) to G.D S.p.A, the Company agreed to transfer the name “Mpac group” to MPRD Limited which means that the Company is required to change its name and remove all associated “Mpac Group” branding.

As a result, the Company initiated a process to identify a new corporate name aligned to its new strategic direction. Mpac Group plc was chosen as it is a name grounded in our business’s rich heritage and which looks forward to our future as a world leading end-to-end packaging machinery provider.

 

Directors’ recommendation

Your directors consider that the resolution to be proposed will promote the success of the Company for the benefit of its shareholders as a whole. Accordingly, your directors unanimously recommend that shareholders vote in favour of the resolution, as they intend to do in respect of their own beneficial holdings.

For further information, please contact:

 

Mpac Group plc
Tony Steels, Chief Executive
Jim Haughey, Group Finance Director
Tel: +44 (0)2476 421100

 

Panmure Gordon (UK) Limited (NOMAD)

Andrew Potts / Peter Steel – Corporate Finance
James Stearns – Corporate Broking
Tel: +44 (0)20 7886 2500

Hudson Sandler
Nick Lyon
Tel: +44(0)20 7796 4133