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Results of odd-lot offer and transaction in own shares
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
As part of the dual listed company structure, Mondi Limited and Mondi plc (together
‘Mondi Group’) notify both the JSE Limited and the London Stock Exchange of matters
required to be disclosed under the Listings Requirements of the JSE Limited and/or the
Disclosure and Transparency and Listing Rules of the United Kingdom Listing Authority.
Capitalised terms not defined in this announcement shall bear the meanings ascribed to
such terms in the Notices of the Annual General Meetings of Mondi Limited and Mondi
plc that were sent to Mondi Group shareholders on 26 March 2013.
17 July 2013
RESULTS OF THE ODD-LOT OFFER AND TRANSACTION IN OWN SHARES
Further to the implementation of the Odd-lot Offer to facilitate a reduction in the number
of ordinary shareholders holding fewer than 100 Mondi Limited Ordinary Shares and/or
fewer than 100 Mondi plc Ordinary Shares, Mondi announces that, following closure of
the Odd-lot Offer on 12 July 2013, the following Ordinary Shares have been purchased
today, being the implementation date:
- the Mondi Incentive Schemes Trust Trustees have purchased 239,633 Mondi
Limited Ordinary Shares of no par value on the SA Register at a price of 13854.28
Rand cents per Ordinary Share;
- Mondi plc has purchased 96,591 Mondi plc Ordinary Shares of EUR0.20 per share
on the UK Register at a price of 965.43p per Ordinary Share. Where Odd-lot
Holders had elected to receive their funds in Euro the shares were purchased at
1122.63 Euro cents per Ordinary Share; and
- Mondi plc has purchased 322,727 Mondi plc Ordinary Shares of EUR0.20 per share
on the SA Branch Register at a price of 13903.10 Rand cents per Ordinary Share.
The Odd-lot Offer was launched in June 2013 to reduce Mondi’s unusually large number
of shareholders for a group of its size. Following the implementation of the Odd-lot Offer,
the total number of shareholders has been reduced by approximately 77% (52,714
shareholders); this reduction will reduce administrative costs, including, for example, the
costs of printing and distributing financial statements, circulars and notices.
The Ordinary Shares purchased represent approximately 0.14% of the total number of
Ordinary Shares in issue.
The Mondi Limited Ordinary Shares on the SA Register were purchased directly by the
Mondi Incentive Schemes Trust Trustees and, therefore, there has been no change to
the issued Ordinary Share capital of Mondi Limited.
The Mondi plc Ordinary Shares on the UK Register and the SA Branch Register have
been purchased by Mondi plc and are currently held as treasury shares. Following the
above purchase, Mondi plc holds 419,318 Mondi plc Ordinary Shares as treasury
shares. The total number of Mondi plc Ordinary Shares in issue (excluding shares held
as treasury shares) is 366,821,487.
It is the intention that the Mondi plc Ordinary Shares purchased and currently held as
treasury shares will be transferred to the Mondi Employee Share Trust on or around 24
July 2013.
Carol Hunt
Company Secretary, Mondi plc
Philip Laubscher
Company Secretary, Mondi Limited
About Mondi
Mondi is an international packaging and paper Group, with production operations across
30 countries and revenue of €5.8 billion in 2012. The Group’s key operations are located
in central Europe, Russia and South Africa and as at the end of 2012, Mondi employed
25,700 people.
Mondi Group is fully integrated across the packaging and paper value chain, from the
growing of wood and the production of pulp and paper (packaging paper and uncoated
fine paper), to the conversion of packaging paper into corrugated packaging, industrial
bags, extrusion coatings and release liner. Mondi is also a supplier of innovative
consumer packaging solutions, advanced films and hygiene products components.
Mondi Group has a dual listed company structure, with a primary listing on the JSE
Limited for Mondi Limited under the ticker code MND and a premium listing on the
London Stock Exchange for Mondi plc, under the ticker code MNDI. The Group has
been recognised for its sustainability through its inclusion in the FTSE4Good Global,
European and UK Index Series (since 2008) and the JSE’s Socially Responsible
Investment (SRI) Index since 2007. The Group was also included in the Carbon
Disclosure Project’s (CDP) FTSE 350 Carbon Disclosure Leadership Index (CDLI) for
the third year and in CDP’s FTSE 350 Carbon Performance Leadership Index (CPLI) for
the first time in 2012.
Sponsor in South Africa: UBS South Africa (Pty) Ltd
Date: 17/07/2013 11:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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