Mondi plc
(Incorporated in England and Wales) (Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI ISIN: GB00B1CRLC47
JSE share code: MNP
14 March 2022
TRANSACTIONS IN MONDI plc ORDINARY SHARES OF €0.20 EACH
On 10 March 2022, 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 | 10 March 2022 |
Class of share | Ordinary |
Option price | Nil cost option |
Vesting date | After the announcement of the final results for |
2024 in early 2025 | |
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 | 10 March 2022 |
Class of share | Ordinary |
Option price | Nil cost option |
Vesting date | After the announcement of the final results for |
2024 in early 2025, subject to achievement of the | |
performance conditions | |
Holding Period | For the executive directors, any shares which |
vest will be subject to a two year holding period | |
from the date of vesting | |
Performance conditions | One half TSR and one half ROCE each |
measured over the 3 financial years ending 31 | |
December 2024 | |
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 / | 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 €0.20 each | ||||||
financial instrument, | ||||||||
type of instrument | ||||||||
Identification code | GB00B1CRLC47 | |||||||
b) | Nature of the | Grant of shares as options under the Mondi plc | ||||||
transaction | Bonus Share Plan | |||||||
c) | Price(s) and volume(s) | Transaction(s) | Price(s) | Volume(s) | ||||
Grant | Nil | 4,316 | ||||||
d) | Aggregated information | |||||||
- Aggregated volume | 4,316 | |||||||
- Price | Nil | |||||||
e) | Date of transaction | 2022-03-10 | ||||||
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 / | 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 €0.20 each | ||||||
financial instrument, | ||||||||
type of instrument | ||||||||
Identification code | GB00B1CRLC47 | |||||||
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) | ||||
Grant | Nil | 13,432 | ||||||
d) | Aggregated information | |||||||
- Aggregated volume | 13,432 | |||||||
- Price | Nil | |||||||
e) | Date of transaction | 2022-03-10 | ||||||
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 / | 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 €0.20 each | |||||
financial instrument, | |||||||
type of instrument | |||||||
Identification code | GB00B1CRLC47 | ||||||
b) | Nature of the | Grant of shares as options under the Mondi plc | |||||
transaction | Bonus Share Plan | ||||||
c) | Price(s) and volume(s) | Transaction(s) | Price(s) | Volume(s) | |||
Grant | Nil | 64,849 | |||||
d) | Aggregated information | ||||||
- Aggregated volume | 64,849 | ||||||
- Price | Nil | ||||||
e) | Date of transaction | 2022-03-10 | |||||
f) | Place of the transaction | Outside trading venue - off market |
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Mondi plc published this content on 14 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2022 14:43:03 UTC.