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

MONDI LIMITED - Regulatory Report on Payments to Governments in respect of Logging Industries for the Year 2015

Release Date: 29/06/2016 16:30
Code(s): MND MNP     PDF:  
Wrap Text
Regulatory Report on Payments to Governments in respect of Logging Industries for the Year 2015

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


29 June 2016

As part of the dual listed company structure, Mondi Limited and Mondi plc (together “Mondi
Group” or “Mondi”) 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 Rules and Transparency Rules and/or the Listing Rules of the United Kingdom
Listing Authority.

Regulatory Report on Payments to Governments in respect of Logging Industries for
the Year 2015

The report of payments to governments made by Mondi plc and its subsidiary undertakings
for the year ended 31 December 2015 has been published in accordance with the UK’s
Reports on Payments to Governments Regulations 2014 (as amended in December 2015).
This regulation implements the two EU Directives in the UK, mandating annual reports by
companies in the extractives and logging industries of their payments to governments in
countries in which they operate.

To read details of Mondi’s payments to governments go to www.mondigroup.com.

Basis of preparation

The application of the Regulation for Mondi relates to our logging activities and specifically to
the disclosure of payments to governments relating to the logging of primary forests.

We have used the Food and Agriculture Organisation of the United Nations definition of
‘primary forest’ being:

‘Naturally regenerated forest of native species, where there are no clearly visible indications
of human activities and the ecological processes are not significantly disturbed’.

Also, for the purposes of this report, the original ‘IFL 2000’ (Greenpeace, World Resources
Institute (WRI) and Transparent World) inventory of intact forests has been used as the base
for reporting on the harvesting of primary forests in the Komi Republic, Russia (‘Komi’).

Only a portion of our Syktyvkar logging operations in Komi fall within the above definition of
primary forests. Our operations in South Africa comprise plantation forests that are not
associated with any primary forests and therefore are excluded from the report.

Our logging operations in Komi do not result in deforestation. In terms of the Russian
Forestry Code and Mondi’s sustainable development policies all logged areas are naturally
regenerated with supplementary plantings of spruce and pine where required to make up full
populations of young trees for the next sustainable forest cycle. During logging operations
       protected areas, High Conservation Areas (HCV) areas and sensitive biotopes, comprising
       approximately 25% of the area, are naturally set aside for conservation.

       Exchange rate

       Payments made in currencies other than the euro (Mondi Group’s reporting currency) are
       translated for this report using the average exchange rate during the financial year to which it
       relates.

       Further information

       For further information regarding the Mondi Group’s approach to sustainably managing our
       forests, please refer to our Sustainable development report 2015 which can be found at
       www.mondigroup.com/sd15 and our sustainable forestry policy, one of our issue specific SD
       policies at http://www.mondigroup.com/desktopdefault.aspx/tabid-2740

       Report
Government Report
Country Production Taxes     Royalties Dividends Bonuses Licence Infrastructure Total
         entitlement                                     fees, etc improvements
Russia   Nil         €97,000 Nil       Nil       Nil     €612,000 Nil           €709,000

Projects Report
Entity     Production Taxes    Royalties Dividends Bonuses Licence Infrastructure Total
           entitlement                                     fees, etc improvements
OJSC       Nil         €97,000 Nil       Nil       Nil     €612,000 Nil           €709,000
Mondi
Syktyvkar


       Contact:

       Mondi Group
       Lora Rossler
       Group Head of Communications
       Tel: +27 (0)31 451 2111 or +27 (0)83 627 0292
       E-mail: lora.rossler@mondigroup.co.za


       We are Mondi: In touch every day

       At Mondi, our products protect and preserve the things that matter.

       Mondi is an international packaging and paper Group, employing around 25,000 people
       across more than 30 countries. Our key operations are located in central Europe, Russia,
       North America and South Africa. We offer over 100 packaging and paper products, customised
       into more than 100,000 different solutions for customers, end consumers and industrial end
       uses - touching the lives of millions of people every day. In 2015, Mondi had revenues of
       EUR6.8 billion and a return on capital employed of 20.5%.

       The Mondi Group is fully integrated across the packaging and paper value chain - from
       managing forests and producing pulp, paper and compound plastics, to developing effective
       and innovative industrial and consumer packaging solutions. Our innovative technologies and
       products can be found in a variety of applications including hygiene components, stand-up
       pouches, super-strong cement bags, clever retail boxes and office paper. Our key customers
       are in industries such as automotive; building and construction; chemicals; food and beverage;
       home and personal care; medical and pharmaceutical; packaging and paper converting; pet
       care; and office and professional printing.

Mondi 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.

For us, acting sustainably makes good business sense and is part of the way we work every
day. We have been included in the FTSE4Good Index Series since 2008 and the JSE's
Socially Responsible Investment (SRI) Index since 2007.


Sponsor in South Africa: UBS South Africa (Pty) Ltd

Date: 29/06/2016 04:30:00 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