Mondi PLC Director/PDMR Shareholding
May 12 2017 - 10:00AM
UK Regulatory
TIDMMNDI
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:
12 May 2017
TRANSACTIONS IN MONDI LIMITED ORDINARY SHARES OF NO PAR VALUE AND MONDI plc
ORDINARY SHARES OF EUR0.20 EACH
On 24 March 2017, Mondi announced conditional awards of shares under the Mondi
Limited and Mondi plc Bonus Share Plan (BSP) and Long Term Incentive Plan
(LTIP). It was advised that Andrew King and Peter Oswald would be granted LTIP
awards after the Annual General Meetings on 11 May 2017.
Accordingly, on 12 May 2017, conditional awards of shares took place under the
Mondi Limited and Mondi plc LTIP as follows:
Mondi Limited and Mondi plc Long Term Incentive Plan
Date of transaction 12 May 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 2019.
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
Andrew King Director Mondi Limited Long Term 15,796
Incentive Plan
Andrew King Director Mondi plc Long Term 36,894
Incentive Plan
Peter Oswald Director Mondi plc Long Term 99,555
Incentive Plan
There follow notification forms for each of the above directors of Mondi
Limited and 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 Andrew King
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 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 Ordinary shares of no par value
financial instrument,
type of instrument
Identification code ZAE000156550
b) Nature of the Conditional grant of shares under the Mondi
transaction Limited Long Term Incentive Plan
c) Price(s) and volume(s) Transaction Price(s) Volume(s)
(s)
Grant Nil 15,796
d) Aggregated information
- Aggregated volume 15,796
- Price Nil
e) Date of transaction 2017-05-12
f) Place of the Outside trading venue
transaction
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 / 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 EUR0.20 each
financial instrument,
type of instrument
Identification code GB00B1CRLC47
b) Nature of the Conditional grant of shares under the Mondi plc
transaction Long Term Incentive Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 36,894
d) Aggregated information
- Aggregated volume 36,894
- Price Nil
e) Date of transaction 2017-05-12
f) Place of the Outside trading venue
transaction
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 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 EUR0.20 each
financial instrument,
type of instrument
Identification code GB00B1CRLC47
b) Nature of the Conditional grant of shares under the Mondi plc
transaction Long Term Incentive Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
Grant Nil 99,555
d) Aggregated information
- Aggregated volume 99,555
- Price Nil
e) Date of transaction 2017-05-12
f) Place of the Outside trading venue
transaction
END
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