Nuplex Industries Limited (Nuplex, NZX/ASX code: NPX) advises that the Scheme of Arrangement (Scheme) with Allnex New Zealand Limited (Allnex) has been implemented today., Tuesday 13 September 2016.

Accordingly, Allnex (a subsidiary of Allnex Belgium SA/NV) now owns all of the shares in Nuplex.

For each Nuplex share held on the Scheme Record Date (7.00 pm on Wednesday 7 September 2016), shareholders were:•today paid the Scheme Consideration of NZ$5.43; and•yesterday paid the compensatory dividend of 3.150NZ cents.

Nuplex Chairman Peter Springford said “On behalf of the Board, I would like to thank our employees, shareholders and customers, both past and present, for your support.” Nuplex has requested to be delisted from the NZX Main Board and removed from the official list of the ASX from the close of trading today, 13 September 2016.

In accordance with the Scheme Implementation Agreement, the current directors of Nuplex have resigned with effect from implementation of the Scheme, and Marie van In and Paul Craig have been appointed as directors of Nuplex from that time.