Mondi PLC Director/PDMR Shareholding
December 02 2020 - 9:50AM
UK Regulatory
TIDMMNDI
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI ISIN: GB00B1CRLC47
JSE share code: MNP
2 December 2020
TRANSACTIONS IN MONDI plc ORDINARY SHARES OF EUR0.20 EACH
On 2 December 2020, an award of shares took place under the Mondi plc Long Term
Incentive Plan (LTIP).
Mondi plc Long Term Incentive Plan
Date of transaction 2 December 2020
Class of share Ordinary
Option price Nil cost option
Vesting date 69,211 shares will vest in March 2022 and
39,427 shares will vest in March 2023,
subject to achievement of the performance
conditions.
Holding Period Any shares which vest will be subject to a
two year holding period from the date of
vesting.
Performance conditions
The vesting of these awards is subject to
performance against a combination of total
shareholder return (TSR) and return on
capital employed (ROCE) performance targets.
The grant of 69,211 shares will be assessed
based on performance over the three
financial years to 2021, and the grant of
39,427 shares based on three financial years
to 2022. The performance targets are as
disclosed for these performance periods in
the Company's previous Directors'
Remuneration Reports.
Additional Information These awards were approved by the
Remuneration Committee, in accordance with
the Company's Remuneration Policy, to
replace variable remuneration at Mike's
previous employer which was forfeited in
order to join the Group. Further details
will be disclosed in the Director's
Remuneration Report for the current
financial year.
There follows a notification form for a director of 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 Mike Powell
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
GB00B1CRLC47
Identification code
b) Nature of the Grant of shares as options under the Mondi plc
transaction Long Term Incentive Plan
c) Price(s) and volume(s) Transaction(s) Price(s) Volume(s)
(1) Grant Nil 69,211
Grant Nil 39,427
(2)
d) Aggregated information
- Aggregated volume (1) 69,211
(2) 39,427
- Price (1) Nil
(2) Nil
e) Date of transaction 2020-12-02
f) Place of the Outside trading venue - off market
transaction
END
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