PR Newswire
London, March 24
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 Hathorn | Director | Mondi Limited Bonus Share Plan | 7,499 |
| David Hathorn | Director | Mondi Limited Long Term Incentive Plan | 27,426 |
| Andrew King | Director | Mondi Limited Bonus Share Plan | 3,608 |
| Philip Laubscher | Company Secretary, Mondi Limited | Mondi Limited Bonus Share Plan | 2,436 |
| Philip Laubscher | Company Secretary, Mondi Limited | Mondi Limited Long Term Incentive Plan | 7,463 |
| Jenny Hampshire | Company Secretary, Mondi plc | Mondi plc Long Term Incentive Plan | 2,133 |
| David Hathorn | Director | Mondi plc Bonus Share Plan | 17,515 |
| David Hathorn | Director | Mondi plc Long Term Incentive Plan | 64,060 |
| Andrew King | Director | Mondi plc Bonus Share Plan | 8,427 |
| Peter Oswald | Director | Mondi plc Bonus Share Plan | 17,730 |
| Ron Traill | PDMR | Mondi plc Bonus Share Plan | 8,138 |
| Ron Traill | PDMR | Mondi plc Long Term Incentive Plan | 23,839 |
| John Lindahl | PDMR | Mondi plc Bonus Share Plan | 7,126 |
| John Lindahl | PDMR | Mondi plc Long Term Incentive Plan | 21,749 |
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 / Amendment | Initial notification | ||||||||||||
| 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 financial instrument, type of instrument Identification code | Ordinary shares of no par value ZAE000156550 | ||||||||||||
| b) | Nature of the transaction | Conditional grant of shares under the Mondi Limited Bonus Share Plan | ||||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price | 7,499 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 / Amendment | Initial notification | ||||||||||||
| 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 financial instrument, type of instrument Identification code | Ordinary shares of no par value ZAE000156550 | ||||||||||||
| b) | Nature of the transaction | Conditional grant of shares under the Mondi Limited Long Term Incentive Plan | ||||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price | 27,426 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 / Amendment | Initial notification | ||||||||||||
| 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 financial instrument, type of instrument Identification code | Ordinary shares of no par value ZAE000156550 | ||||||||||||
| b) | Nature of the transaction | Conditional grant of shares under the Mondi Limited Bonus Share Plan | ||||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price | 3,608 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 / Amendment | Initial notification | ||||||||||||
| 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 financial instrument, type of instrument Identification code | Ordinary shares of no par value ZAE000156550 | ||||||||||||
| b) | Nature of the transaction | Conditional grant of shares under the Mondi Limited Bonus Share Plan | ||||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price | 2,436 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 / Amendment | Initial notification | ||||||||||||
| 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 financial instrument, type of instrument Identification code | Ordinary shares of no par value ZAE000156550 | ||||||||||||
| b) | Nature of the transaction | Conditional grant of shares under the Mondi Limited Long Term Incentive Plan | ||||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price | 7,463 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 / Amendment | Initial notification | ||||||||||||
| 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 financial instrument, type of instrument Identification code | Ordinary shares of €0.20 each GB00B1CRLC47 | ||||||||||||
| b) | Nature of the transaction | Conditional grant of shares under the Mondi plc Long Term Incentive Plan | ||||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price | 2,133 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 / Amendment | Initial notification | ||||||||||||
| 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 financial instrument, type of instrument Identification code | Ordinary shares of €0.20 each GB00B1CRLC47 | ||||||||||||
| b) | Nature of the transaction | Conditional grant of shares under the Mondi plc Bonus Share Plan | ||||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price | 17,515 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 / Amendment | Initial notification | ||||||||||||
| 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 financial instrument, type of instrument Identification code | Ordinary shares of €0.20 each GB00B1CRLC47 | ||||||||||||
| b) | Nature of the transaction | Conditional grant of shares under the Mondi plc Long Term Incentive Plan | ||||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price | 64,060 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 / Amendment | Initial notification | ||||||||||||
| 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 financial instrument, type of instrument Identification code | Ordinary shares of €0.20 each GB00B1CRLC47 | ||||||||||||
| b) | Nature of the transaction | Conditional grant of shares under the Mondi plc Bonus Share Plan | ||||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price | 8,427 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 / Amendment | Initial notification | ||||||||||||
| 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 financial instrument, type of instrument Identification code | Ordinary shares of €0.20 each GB00B1CRLC47 | ||||||||||||
| b) | Nature of the transaction | Conditional grant of shares under the Mondi plc Bonus Share Plan | ||||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price | 17,730 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 / Amendment | Initial notification | ||||||||||||
| 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 financial instrument, type of instrument Identification code | Ordinary shares of €0.20 each GB00B1CRLC47 | ||||||||||||
| b) | Nature of the transaction | Conditional grant of shares under the Mondi plc Bonus Share Plan | ||||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price | 8,138 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 / Amendment | Initial notification | ||||||||||||
| 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 financial instrument, type of instrument Identification code | Ordinary shares of €0.20 each GB00B1CRLC47 | ||||||||||||
| b) | Nature of the transaction | Conditional grant of shares under the Mondi plc Long Term Incentive Plan | ||||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price | 23,839 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 / Amendment | Initial notification | ||||||||||||
| 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 financial instrument, type of instrument Identification code | Ordinary shares of €0.20 each GB00B1CRLC47 | ||||||||||||
| b) | Nature of the transaction | Conditional grant of shares under the Mondi plc Bonus Share Plan | ||||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price | 7,126 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 / Amendment | Initial notification | ||||||||||||
| 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 financial instrument, type of instrument Identification code | Ordinary shares of €0.20 each GB00B1CRLC47 | ||||||||||||
| b) | Nature of the transaction | Conditional grant of shares under the Mondi plc Long Term Incentive Plan | ||||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price | 21,749 Nil | ||||||||||||
| e) | Date of transaction | 2017-03-24 | ||||||||||||
| f) | Place of the transaction | Outside trading venue | ||||||||||||
