MONDI PLC - Director/PDMR Shareholding

MONDI PLC - Director/PDMR Shareholding

PR Newswire

London, March 6

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

6 March 2023

TRANSACTIONS IN MONDI plc ORDINARY SHARES OF €0.20 EACH

On 6 March 2023, awards of shares took place under the Mondi plc Bonus Share Plan (BSP) and Long Term Incentive Plan (LTIP).

Mondi plc Bonus Share Plan

Date of transaction	6 March 2023
Class of share	Ordinary
Option price	Nil cost option
Vesting date	After the announcement of the final results for 2025 in early 2026
Additional Information	The share award under the BSP represents half of the Executive's total bonus as approved by the 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 plc Long Term Incentive Plan

Date of transaction	6 March 2023
Class of share	Ordinary
Option price	Nil cost option
Vesting date Holding Period	After the announcement of the final results for 2025 in early 2026, subject to achievement of the performance conditions For the executive directors, any shares which vest will be subject to a two year holding period from the date of vesting
Performance conditions	50% ROCE, 25% TSR and 25% cumulative EPS each measured over the 3 financial years ending 31 December 2025
Additional Information	The LTIP award is based on a percentage of the Executive's salary as approved by the 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.

There follow notification forms for directors/PDMRs of Mondi plc.

Sponsor in South Africa: Merrill Lynch South Africa (Pty) Ltd t/s BofA Securities

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 / 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

Grant of shares as options under the Mondi plc Bonus Share Plan

c)

Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	7,672

d)

Aggregated information

- Aggregated volume


- Price

7,672


Nil

e)

Date of transaction

2023-03-06

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 / 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

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

c)

Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	13,810

d)

Aggregated information

- Aggregated volume


- Price

13,810


Nil

e)

Date of transaction

2023-03-06

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 / 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

Grant of shares as options under the Mondi plc Bonus Share Plan

c)

Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	63,779

d)

Aggregated information

- Aggregated volume


- Price

63,779


Nil

e)

Date of transaction

2023-03-06

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 / 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

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

c)

Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	175,110

d)

Aggregated information

- Aggregated volume


- Price

175,110


Nil

e)

Date of transaction

2023-03-06

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

Mike Powell

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

Grant of shares as options under the Mondi plc Bonus Share Plan

c)

Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	37,761

d)

Aggregated information

- Aggregated volume


- Price

37,761


Nil

e)

Date of transaction

2023-03-06

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

Mike Powell

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

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

c)

Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	101,947

d)

Aggregated information

- Aggregated volume


- Price

101,947


Nil

e)

Date of transaction

2023-03-06

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

Markus Gaertner

2

Reason for the notification

a)

Position/status

CEO, Corrugated Packaging

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

Grant of shares as options under the Mondi plc Bonus Share Plan

c)

Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	17,801

d)

Aggregated information

- Aggregated volume


- Price

17,801


Nil

e)

Date of transaction

2023-03-06

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

Markus Gaertner

2

Reason for the notification

a)

Position/status

CEO, Corrugated Packaging

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

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

c)

Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	42,169

d)

Aggregated information

- Aggregated volume


- Price

42,169


Nil

e)

Date of transaction

2023-03-06

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

Lars Mallasch

2

Reason for the notification

a)

Position/status

Group Technical & Sustainability 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

Grant of shares as options under the Mondi plc Bonus Share Plan

c)

Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	10,134

d)

Aggregated information

- Aggregated volume


- Price

10,134


Nil

e)

Date of transaction

2023-03-06

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

Lars Mallasch

2

Reason for the notification

a)

Position/status

Group Technical & Sustainability 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

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

c)

Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	18,531

d)

Aggregated information

- Aggregated volume


- Price

18,531


Nil

e)

Date of transaction

2023-03-06

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

Thomas Ott

2

Reason for the notification

a)

Position/status

CEO, Flexible Packaging

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

Grant of shares as options under the Mondi plc Bonus Share Plan

c)

Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	18,726

d)

Aggregated information

- Aggregated volume


- Price

18,726


Nil

e)

Date of transaction

2023-03-06

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

Thomas Ott

2

Reason for the notification

a)

Position/status

CEO, Flexible Packaging

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

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

c)

Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	41,742

d)

Aggregated information

- Aggregated volume


- Price

41,742


Nil

e)

Date of transaction

2023-03-06

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

Gunilla Saltin

2

Reason for the notification

a)

Position/status

CEO, Uncoated Fine Paper

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

Grant of shares as options under the Mondi plc Bonus Share Plan

c)

Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	18,917

d)

Aggregated information

- Aggregated volume


- Price

18,917


Nil

e)

Date of transaction

2023-03-06

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

Gunilla Saltin

2

Reason for the notification

a)

Position/status

CEO, Uncoated Fine Paper

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

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

c)

Price(s) and volume(s)

Transaction(s)	Price(s)	Volume(s)
Grant	Nil	35,141

d)

Aggregated information

- Aggregated volume


- Price

35,141


Nil

e)

Date of transaction

2023-03-06

f)

Place of the transaction

Outside trading venue - off market