Wrap Text
Transactions in Mondi Limited ordinary 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)
LEI: 213800LOZA69QFDC9N34
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, the respective company secretaries and
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 Guidance and Transparency Rules of
the United Kingdom Listing Authority. To comply with the requirements in Articles 7
and 9 of the regulatory technical standards of the Transparency Directive
(2004/109/EC), this announcement is classified as additional regulated information
required to be disclosed under the laws of a Member State.
In accordance with Rules 3.63-3.74 of the Listings Requirements of the JSE and/or
the Disclosure Guidance and Transparency Rules we advise of the following:
24 March 2017
TRANSACTIONS IN MONDI LIMITED ORDINARY SHARES OF NO PAR VALUE
AND MONDI plc ORDINARY SHARES OF €0.20 EACH
On 24 March 2017, conditional awards of shares took place under the Mondi Limited
and Mondi plc Bonus Share Plan (BSP) and Long Term Incentive Plan (LTIP).
Mondi Limited and Mondi plc Bonus Share Plan
Date of transaction 24 March 2017
Class of share Ordinary
Option price Nil cost award
Vesting date After the announcement of the final results for
2019 in early 2020
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.
Mondi Limited and Mondi plc Long Term Incentive Plan
Date of transaction 24 March 2017
Class of share Ordinary
Option price Nil cost award
Vesting date After the announcement of the final results for
2019 in early 2020
Performance conditions One half TSR and one half ROCE each
measured over the 3 financial years ending 31
December 2020.
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.
The requisite approval for the granting of the awards summarised below was obtained:
Name Position Award Total number of
shares awarded
David Director Mondi Limited Bonus 7,499
Hathorn Share Plan
David Director Mondi Limited Long Term 27,426
Hathorn Incentive Plan
Andrew King Director Mondi Limited Bonus 3,608
Share Plan
Philip Company Secretary, Mondi Limited Bonus 2,436
Laubscher Mondi Limited Share Plan
Philip Company Secretary, Mondi Limited Long Term 7,463
Laubscher Mondi Limited Incentive Plan
Jenny Company Secretary, Mondi plc Long Term 2,133
Hampshire Mondi plc Incentive Plan
David Director Mondi plc Bonus Share 17,515
Hathorn Plan
David Director Mondi plc Long Term 64,060
Hathorn Incentive Plan
Andrew King Director Mondi plc Bonus Share 8,427
Plan
Peter Director Mondi plc Bonus Share 17,730
Oswald Plan
Ron Traill PDMR Mondi plc Bonus Share 8,138
Plan
Ron Traill PDMR Mondi plc Long Term 23,839
Incentive Plan
John Lindahl PDMR Mondi plc Bonus Share 7,126
Plan
John Lindahl PDMR Mondi plc Long Term 21,749
Incentive Plan
Andrew King and Peter Oswald will be granted LTIP awards after the Annual General
Meetings on 11 May 2017.
There follow notification forms for each of the above directors/PDMRs of Mondi Limited
and Mondi plc. In addition, in order to satisfy the Listings Requirements of the JSE,
notification forms for the Company Secretaries of Mondi Limited and Mondi plc are
also included.
Sponsor in South Africa: UBS South Africa (Pty) Ltd
1 Details of the person discharging managerial responsibilities (“PDMR”)
(or their person closely associated (“PCA”)) / restricted person
a) Name David Hathorn
2 Reason for the notification
a) Position/status Group CEO
b) Initial notification / Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mondi Limited
b) LEI N/A
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Ordinary shares of no par value
financial instrument,
type of instrument
Identification code ZAE000156550
b) Nature of the Conditional grant of shares under the Mondi Limited
transaction Bonus Share Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 7,499
d) Aggregated information
- Aggregated volume 7,499
- Price Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue
1 Details of the person discharging managerial responsibilities (“PDMR”)
(or their person closely associated (“PCA”)) / restricted person
a) Name David Hathorn
2 Reason for the notification
a) Position/status Group CEO
b) Initial notification / Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mondi Limited
b) LEI N/A
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Ordinary shares of no par value
financial instrument,
type of instrument
Identification code ZAE000156550
b) Nature of the Conditional grant of shares under the Mondi Limited
transaction Long Term Incentive Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 27,426
d) Aggregated information
- Aggregated volume 27,426
- Price Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue
1 Details of the person discharging managerial responsibilities (“PDMR”)
(or their person closely associated (“PCA”)) / restricted person
a) Name Andrew King
2 Reason for the notification
a) Position/status Group CFO
b) Initial notification / Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mondi Limited
b) LEI N/A
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Ordinary shares of no par value
financial instrument,
type of instrument
Identification code ZAE000156550
b) Nature of the Conditional grant of shares under the Mondi Limited
transaction Bonus Share Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 3,608
d) Aggregated information
- Aggregated volume 3,608
- Price Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue
1 Details of the person discharging managerial responsibilities (“PDMR”)
(or their person closely associated (“PCA”)) / restricted person
a) Name Philip Laubscher
2 Reason for the notification
a) Position/status Company Secretary, Mondi Limited
b) Initial notification / Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mondi Limited
b) LEI N/A
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Ordinary shares of no par value
financial instrument,
type of instrument
Identification code ZAE000156550
b) Nature of the Conditional grant of shares under the Mondi Limited
transaction Bonus Share Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 2,436
d) Aggregated information
- Aggregated volume 2,436
- Price Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue
1 Details of the person discharging managerial responsibilities (“PDMR”)
(or their person closely associated (“PCA”)) / restricted person
a) Name Philip Laubscher
2 Reason for the notification
a) Position/status Company Secretary, Mondi Limited
b) Initial notification / Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mondi Limited
b) LEI N/A
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Ordinary shares of no par value
financial instrument,
type of instrument
Identification code ZAE000156550
b) Nature of the Conditional grant of shares under the Mondi Limited
transaction Long Term Incentive Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 7,463
d) Aggregated information
- Aggregated volume 7,463
- Price Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue
1 Details of the person discharging managerial responsibilities (“PDMR”)
(or their person closely associated (“PCA”)) / restricted person
a) Name Jenny Hampshire
2 Reason for the notification
a) Position/status Company Secretary, Mondi plc
b) Initial notification / Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Ordinary shares of €0.20 each
financial instrument,
type of instrument
Identification code GB00B1CRLC47
b) Nature of the Conditional grant of shares under the Mondi plc
transaction Long Term Incentive Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 2,133
d) Aggregated information
- Aggregated volume 2,133
- Price Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue
1 Details of the person discharging managerial responsibilities (“PDMR”)
(or their person closely associated (“PCA”)) / restricted person
a) Name David Hathorn
2 Reason for the notification
a) Position/status Group CEO
b) Initial notification / Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Ordinary shares of €0.20 each
financial instrument,
type of instrument
Identification code GB00B1CRLC47
b) Nature of the Conditional grant of shares under the Mondi plc
transaction Bonus Share Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 17,515
d) Aggregated information
- Aggregated volume 17,515
- Price Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue
1 Details of the person discharging managerial responsibilities (“PDMR”)
(or their person closely associated (“PCA”)) / restricted person
a) Name David Hathorn
2 Reason for the notification
a) Position/status Group CEO
b) Initial notification / Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Ordinary shares of €0.20 each
financial instrument,
type of instrument
Identification code GB00B1CRLC47
b) Nature of the Conditional grant of shares under the Mondi plc
transaction Long Term Incentive Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 64,060
d) Aggregated information
- Aggregated volume 64,060
- Price Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue
1 Details of the person discharging managerial responsibilities (“PDMR”)
(or their person closely associated (“PCA”)) / restricted person
a) Name Andrew King
2 Reason for the notification
a) Position/status Group CFO
b) Initial notification / Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Ordinary shares of €0.20 each
financial instrument,
type of instrument
Identification code GB00B1CRLC47
b) Nature of the Conditional grant of shares under the Mondi plc
transaction Bonus Share Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 8,427
d) Aggregated information
- Aggregated volume 8,427
- Price Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue
1 Details of the person discharging managerial responsibilities (“PDMR”)
(or their person closely associated (“PCA”)) / restricted person
a) Name Peter Oswald
2 Reason for the notification
a) Position/status CEO Europe & International
b) Initial notification / Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Ordinary shares of €0.20 each
financial instrument,
type of instrument
Identification code GB00B1CRLC47
b) Nature of the Conditional grant of shares under the Mondi plc
transaction Bonus Share Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 17,730
d) Aggregated information
- Aggregated volume 17,730
- Price Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue
1 Details of the person discharging managerial responsibilities (“PDMR”)
(or their person closely associated (“PCA”)) / restricted person
a) Name Ron Traill
2 Reason for the notification
a) Position/status CEO Mondi SA Division
b) Initial notification / Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Ordinary shares of €0.20 each
financial instrument,
type of instrument
Identification code GB00B1CRLC47
b) Nature of the Conditional grant of shares under the Mondi plc
transaction Bonus Share Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 8,138
d) Aggregated information
- Aggregated volume 8,138
- Price Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue
1 Details of the person discharging managerial responsibilities (“PDMR”)
(or their person closely associated (“PCA”)) / restricted person
a) Name Ron Traill
2 Reason for the notification
a) Position/status CEO Mondi SA Division
b) Initial notification / Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Ordinary shares of €0.20 each
financial instrument,
type of instrument
Identification code GB00B1CRLC47
b) Nature of the Conditional grant of shares under the Mondi plc
transaction Long Term Incentive Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 23,839
d) Aggregated information
- Aggregated volume 23,839
- Price Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue
1 Details of the person discharging managerial responsibilities (“PDMR”)
(or their person closely associated (“PCA”)) / restricted person
a) Name John Lindahl
2 Reason for the notification
a) Position/status Group Technical Director
b) Initial notification / Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Ordinary shares of €0.20 each
financial instrument,
type of instrument
Identification code GB00B1CRLC47
b) Nature of the Conditional grant of shares under the Mondi plc
transaction Bonus Share Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 7,126
d) Aggregated information
- Aggregated volume 7,126
- Price Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue
1 Details of the person discharging managerial responsibilities (“PDMR”)
(or their person closely associated (“PCA”)) / restricted person
a) Name John Lindahl
2 Reason for the notification
a) Position/status Group Technical Director
b) Initial notification / Initial notification
Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Ordinary shares of €0.20 each
financial instrument,
type of instrument
Identification code GB00B1CRLC47
b) Nature of the Conditional grant of shares under the Mondi plc
transaction Long Term Incentive Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 21,749
d) Aggregated information
- Aggregated volume 21,749
- Price Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue
Sponsor in South Africa: UBS South Africa (Pty) Ltd
Date: 24/03/2017 04:40:00 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.
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