To view the PDF file, sign up for a MySharenet subscription.

MONDI PLC - Transaction in Mondi plc ordinary shares of Euro0.20 each

Release Date: 22/03/2016 16:15
Code(s): MNP MND     PDF:  
Wrap Text
Transaction in Mondi plc ordinary shares of Euro0.20 each

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 notify both the
JSE Limited and the London Stock Exchange of those interests (and changes to those
interests) of directors of both entities and the respective company secretaries, persons
discharging managerial responsibilities across the group and, in certain instances, the
directors of major subsidiaries of Mondi Limited in the securities of Mondi Limited and
Mondi plc which are required to be disclosed under the Listings Requirements of the
JSE and/or the Disclosure and Transparency Rules of the United Kingdom Listing
Authority.




In accordance with Rules 3.63-3.74 of the JSE Listings Requirements and/or Disclosure
and Transparency Rules 3.1.4R(1)(a), we advise of the following:


TRANSACTIONS IN MONDI plc ORDINARY SHARES OF €0.20 EACH


1. Conditional awards of shares under the Mondi Long Term Incentive Plan granted to
directors of Mondi Limited and Mondi plc, the Company Secretary of Mondi plc and
Persons Discharging Managerial Responsibility

Name                          Position                      Number of Shares
David Hathorn                 Director                      91,596
Carol Hunt                    Company Secretary             13,355
Andrew King                   Director                      44,022
John Lindahl                  PDMR                          31,119
Peter Oswald                  Director                      86,073
Ron Traill                    PDMR                          31,606

Date and place of transaction       22 March 2016, London, UK
Date of notification to issuer      22 March 2016
Type of option                      Long Term Incentive Plan
Class of share                      Ordinary
Option price                        Nil cost award
Vesting date                        After the announcement of the final results for 2018
                                    in early 2019
Performance conditions              One half TSR and one half ROCE each measured
                                  over the 3 financial years ending 31 December
                                  2018.
Additional Information            The LTIP award is based on a percentage of the
                                  Executive’s salary as approved by the Mondi DLC
                                  Remuneration Committee. In line with the standard
                                  methodology adopted each year, the number of
                                  shares under award is determined with reference to
                                  the average share price over three days
                                  commencing with the announcement of results.



2. Conditional awards of shares under the Mondi Bonus Share Plan granted to directors
of Mondi Limited and Mondi plc, the Company Secretary of Mondi plc and Persons
Discharging Managerial Responsibility

Name                         Position                     Number of Shares
David Hathorn                Director                     32,614
Carol Hunt                   Company Secretary            5,844
Andrew King                  Director                     15,599
John Lindahl                 PDMR                         13,649
Peter Oswald                 Director                     30,258
Ron Traill                   PDMR                         14,019

Date and place of transaction     22 March 2016, London, UK
Date of notification to issuer    22 March 2016
Type of option                    Bonus Share Plan
Class of share                    Ordinary
Option price                      Nil cost award
Vesting date                      After the announcement of the final results for 2018
                                  in early 2019
Additional Information            The share award under the BSP represents half of
                                  the Executive’s total bonus as approved by the
                                  Mondi DLC Remuneration Committee. In line with
                                  the standard methodology adopted each year, the
                                  number of shares under award is determined with
                                  reference to the average share price over three
                                  days commencing with the announcement of
                                  results.


TRANSACTIONS IN MONDI LIMITED ORDINARY SHARES OF NO PAR VALUE

1. Conditional awards of shares under the Mondi Long Term Incentive Plan granted to
directors of Mondi Limited and Mondi plc and the Company Secretary of Mondi Limited

Name                         Position                     Number of Shares
David Hathorn                Director                     39,598
Andrew King                  Director                     19,032
Philip Laubscher             Company Secretary            7,522
Date and place of transaction       22 March 2016, Johannesburg, South Africa
Date of notification to issuer      22 March 2016
Type of option                      Long Term Incentive Plan
Option price                        Nil cost award
Class of share                      Ordinary
Vesting date                        After the announcement of the final results for 2018
                                    in early 2019
Performance conditions              One half TSR and one half ROCE each measured
                                    over the 3 financial years ending 31 December
                                    2018.
Additional Information              The LTIP award is based on a percentage of the
                                    Executive’s salary as approved by the Mondi DLC
                                    Remuneration Committee. In line with the standard
                                    methodology adopted each year, the number of
                                    shares under award is determined with reference to
                                    the average share price over three days
                                    commencing with the announcement of results.


2. Conditional awards of shares under the Mondi Bonus Share Plan granted to directors
of Mondi Limited and Mondi plc and the Company Secretary of Mondi Limited

Name                          Position                      Number of Shares
David Hathorn                 Director                      14,100
Andrew King                   Director                      6,744
Philip Laubscher              Company Secretary             3,094

Date and place of transaction       22 March 2016, Johannesburg, South Africa
Date of notification to issuer      22 March 2016
Type of option                      Bonus Share Plan
Class of share                      Ordinary
Option price                        Nil cost award
Vesting date                        After the announcement of the final results for 2018
                                    in early 2019
Additional Information              The share award under the BSP represents half of
                                    the Executive’s total bonus as approved by the
                                    Mondi DLC Remuneration Committee. In line with
                                    the standard methodology adopted each year, the
                                    number of shares under award is determined with
                                    reference to the average share price over three
                                    days commencing with the announcement of
                                    results.


The requisite approval for the granting of the awards has been obtained.


22 March 2016
Sponsor in South Africa: UBS South Africa (Pty) Ltd

Date: 22/03/2016 04:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story