Mondi Plc - 2023 Interim Dividend ZAR/euro Exchange Rate
PR Newswire
LONDON, United Kingdom, August 03
Mondi plc
Incorporated in England and Wales
Registered number: 6209386
Tax registration number: 454 12394 14454
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI ISIN: GB00B1CRLC47
JSE share code: MNP
3 August 2023
Mondi Group - 2023 Interim Dividend ZAR/euro Exchange Rate
This morning in our half-year results announcement we announced that an interim dividend for the year ending 31 December 2023 of 23.33 euro cents per ordinary share will be paid on Friday 29 September 2023 to all Mondi plc ordinary shareholders on either the UK main register or the South African branch register on Friday 25 August 2023.
Mondi plc will pay its dividend in euro. However, ordinary shareholders resident in the United Kingdom will receive the dividend in sterling (unless shareholders have elected to receive their dividend in euro). The last date for euro currency elections will be Monday 11 September 2023. The exchange rate will be set on Friday 15 September 2023.
Shareholders holding their shares on the South African branch register will receive the dividend in South African rand cents, converted at a rate of EUR 1 to ZAR 20.40956. Therefore, the equivalent gross interim dividend in rand cents per ordinary share will be 476.15503.
For shareholders holding their shares on the South African branch register, the dividend will, for South African dividends tax purposes, be taxed like local dividends. As such, for South African tax resident shareholders holding their shares on the South African branch register, dividends withholding tax will be withheld from the dividends payable to these shareholders at a rate of 20%, unless a shareholder qualifies for an exemption, resulting in a net dividend of 380.92402 rand cents per ordinary share. Shareholders holding their shares on the South African branch register who are not tax resident in South Africa are exempted from South African dividends withholdings tax.
For the purposes of South Africa dividends tax reporting, the source of income for the payment of the dividend is the United Kingdom.
Additional Information
The interim dividend will be paid from income reserves.
Mondi plc had a total of 485,553,780 ordinary shares in issue of which 210,023,184 were held on the branch register, excluding treasury shares, at the dividend declaration date of 3 August 2023.
About Mondi
Mondi is a global leader in packaging and paper, contributing to a better world by making innovative solutions that are sustainable by design. Our business is integrated across the value chain - from managing forests and producing pulp, paper and films, to developing and manufacturing sustainable consumer and industrial packaging solutions using paper where possible, plastic when useful. Sustainability is at the centre of our strategy, with our ambitious commitments to 2030 focused on circular driven solutions, created by empowered people, taking action on climate.
In 2022, Mondi had revenues of €8.9 billion and underlying EBITDA of €1.8 billion from continuing operations, and employed 22,000 people worldwide. Mondi has a premium listing on the London Stock Exchange (MNDI), where the Group is a FTSE100 constituent, and also has a secondary listing on the JSE Limited (MNP).
Sponsor in South Africa: Merrill Lynch South Africa Proprietary Limited t/a BofA Securities.
