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MONDI PLC - Transactions in Mondi plc ordinary shares of 0.20 each

Release Date: 02/12/2020 17:50
Code(s): MNP     PDF:  
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Transactions in Mondi plc ordinary shares of €0.20 each

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI      ISIN: GB00B1CRLC47
JSE share code: MNP

2 December 2020


TRANSACTIONS IN MONDI plc ORDINARY SHARES OF €0.20 EACH

On 2 December 2020, an award of shares took place under the Mondi plc Long
Term Incentive Plan (LTIP).

Mondi plc Long Term Incentive Plan

 Date of transaction                2 December 2020
 Class of share                     Ordinary
 Option price                       Nil cost option
 Vesting date                       69,211 shares will vest in March 2022 and
                                    39,427 shares will vest in March 2023, subject to
                                    achievement of the performance conditions.
 Holding Period                     Any shares which vest will be subject to a two
                                    year holding period from the date of vesting.
 Performance conditions             The vesting of these awards is subject to
                                    performance against a combination of total
                                    shareholder return (TSR) and return on capital
                                    employed (ROCE) performance targets. The
                                    grant of 69,211 shares will be assessed based
                                    on performance over the three financial years to
                                    2021, and the grant of 39,427 shares based on
                                    three financial years to 2022. The performance
                                    targets are as disclosed for these performance
                                    periods in the Company’s previous Directors’
                                    Remuneration Reports.
 Additional Information             These awards were approved by the
                                    Remuneration Committee, in accordance with
                                    the Company’s Remuneration Policy, to replace
                                    variable remuneration at Mike’s previous
                                    employer which was forfeited in order to join the
                                    Group. Further details will be disclosed in the
                                    Director’s Remuneration Report for the current
                                    financial year.

There follows a notification form for a director of 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                      Mike Powell

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                Grant of shares as options under the Mondi plc
   transaction                  Long Term Incentive Plan

c) Price(s) and volume(s)            Transaction(s)      Price(s)     Volume(s)
                                 (1) Grant               Nil          69,211
                                 (2) Grant               Nil          39,427

d) Aggregated information

     - Aggregated volume            (1) 69,211
                                    (2) 39,427

     - Price
                                    (1) Nil
                                    (2) Nil

e) Date of transaction          2020-12-02

f)   Place of the transaction   Outside trading venue – off market

Date: 02-12-2020 05:50:00
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