Mondi plc
(Incorporated in England and Wales) (Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI ISIN: GB00B1CRLC47
JSE share code: MNP
14 March 2022
NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRS)
On 10 March 2022, in line with normal timetable, directors/PDMRs of Mondi plc received Mondi plc ordinary shares of €0.20 each following the vesting of conditional awards under the Mondi plc Bonus Share Plan (BSP) and the Mondi plc Long Term Incentive Plan (LTIP). Following vesting some of the shares were sold to cover tax liabilities.
In addition, on 10 March 2022, a director of Mondi plc received Mondi plc ordinary shares of €0.20 each following the vesting and exercise of a nil-cost option under the Mondi plc LTIP. The vesting and exercise of the LTIP nil-cost option includes additional shares received in lieu of dividends, which are subject to tax. Following vesting and exercise, some of the shares were sold to cover tax liabilities. The retained shares were subsequently transferred to the director's spouse for nil cost.
Details of the vesting, exercise, sale and transfer of the shares are set out in the below notification forms.
This announcement is made in accordance with the requirements of Article 19(3) of the UK Market Abuse Regulation.
Sponsor in South Africa: Merrill Lynch South Africa (Pty) Ltd t/s BofA Securities
1 | Details of the person discharging managerial responsibilities ("PDMR") | |||||||
(or their person closely associated ("PCA")) / restricted person | ||||||||
a) | Name | Vivien McMenamin | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | CEO, South Africa | ||||||
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 | (1) Acquisition of shares as a result of the vesting of | ||||||
transaction | a Mondi plc Bonus Share Plan award; and (2) | |||||||
subsequent sale of shares | ||||||||
c) | Price(s) and volume(s) | Transaction(s) | Price(s) | Volume(s) | ||||
(1) Acquisition | Nil | 4,849 | ||||||
(2) Sale | ZAR | 2,196 | ||||||
280.326156 | ||||||||
d) | Aggregated information | |||||||
- Aggregated volume | (1) 4,849 | |||||||
(2) 2,196 | ||||||||
- Price | (1) Nil | |||||||
(2) ZAR 280.326156 | ||||||||
e) | Date of transaction | 2022-03-10 | ||||||
f) | Place of the transaction | Outside trading venue - off market |
1 | Details of the person discharging managerial responsibilities ("PDMR") | |||||||
(or their person closely associated ("PCA")) / restricted person | ||||||||
a) | Name | Vivien McMenamin | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | CEO, South Africa | ||||||
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 | (1) Acquisition of shares as a result of the vesting of | ||||||
transaction | a Mondi plc Long Term Incentive Plan award; and | |||||||
(2) subsequent sale of shares | ||||||||
c) | Price(s) and volume(s) | Transaction(s) | Price(s) | Volume(s) | ||||
(1) Acquisition | Nil | 4,348 | ||||||
(2) Sale | ZAR | 1,968 | ||||||
280.326156 | ||||||||
d) | Aggregated information | |||||||
- Aggregated volume | (1) 4,348 | |||||||
(2) 1,968 | ||||||||
- Price | (1) Nil | |||||||
(2) ZAR 280.326156 | ||||||||
e) | Date of transaction | 2022-03-10 | ||||||
f) | Place of the transaction | Outside trading venue - off market |
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 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 | (1) Acquisition of shares as a result of the vesting of | |||||
transaction | a Mondi plc Bonus Share Plan award; and (2) | ||||||
subsequent sale of shares | |||||||
c) | Price(s) and volume(s) | Transaction(s) | Price(s) | Volume(s) | |||
(1) Acquisition | Nil | 19,619 | |||||
(2) Sale | GBP 14.074411 | 9,373 | |||||
d) | Aggregated information | ||||||
- Aggregated volume | (1) 19,619 | ||||||
(2) 9,373 | |||||||
- Price | |||||||
(1) Nil | |||||||
(2) GBP 14.074411 | |||||||
e) | Date of transaction | 2022-03-10 | |||||
f) | Place of the transaction | Outside trading venue - off market |
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 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 | (1) Acquisition of shares as a result of the vesting of | |||||
transaction | a Mondi plc Long Term Incentive Plan award; and | ||||||
(2) subsequent sale of shares | |||||||
c) | Price(s) and volume(s) | Transaction(s) | Price(s) | Volume(s) | |||
(1) Acquisition | Nil | 26,758 | |||||
(2) Sale | GBP 14.074411 | 12,785 | |||||
d) | Aggregated information | ||||||
- Aggregated volume | (1) 26,758 | ||||||
(2) 12,785 | |||||||
- Price | (1) Nil | ||||||
(2) GBP 14.074411 | |||||||
e) | Date of transaction | 2022-03-10 | |||||
f) | Place of the transaction | Outside trading venue - off market |
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Mondi plc published this content on 14 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2022 14:03:02 UTC.