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Transactions In Mondi Limited Ordinary Shares Of No Par Value And Mondi plc Ordinary Shares Of €0.20 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)
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:
12 May 2017
TRANSACTIONS IN MONDI LIMITED ORDINARY SHARES OF NO PAR VALUE
AND MONDI plc ORDINARY SHARES OF €0.20 EACH
On 24 March 2017, Mondi announced conditional awards of shares under the Mondi
Limited and Mondi plc Bonus Share Plan (BSP) and Long Term Incentive Plan
(LTIP). It was advised that Andrew King and Peter Oswald would be granted LTIP
awards after the Annual General Meetings on 11 May 2017.
Accordingly, on 12 May 2017, conditional awards of shares took place under the
Mondi Limited and Mondi plc LTIP as follows:
Mondi Limited and Mondi plc Long Term Incentive Plan
Date of transaction 12 May 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 2019.
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
Andrew King Director Mondi Limited Long Term 15,796
Incentive Plan
Andrew King Director Mondi plc Long Term 36,894
Incentive Plan
Peter Director Mondi plc Long Term 99,555
Oswald Incentive Plan
There follow notification forms for each of the above directors of Mondi Limited and
Mondi plc.
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 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 Long Term Incentive Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 15,796
d) Aggregated information
- Aggregated volume 15,796
- Price Nil
e) Date of transaction 2017-05-12
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 Long Term Incentive Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 36,894
d) Aggregated information
- Aggregated volume 36,894
- Price Nil
e) Date of transaction 2017-05-12
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 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 99,555
d) Aggregated information
- Aggregated volume 99,555
- Price Nil
e) Date of transaction 2017-05-12
f) Place of the transaction Outside trading venue
Date: 12/05/2017 05:00:00 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
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