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:
24 March 2017
TRANSACTIONS IN MONDI LIMITED ORDINARY
SHARES OF NO PAR VALUE AND MONDI plc ORDINARY SHARES OF €0.20
EACH
On 24 March 2017, conditional
awards of shares took place under the Mondi Limited and Mondi plc
Bonus Share Plan (BSP) and Long Term Incentive Plan (LTIP).
Mondi Limited and Mondi plc Bonus Share Plan
Date of transaction |
24 March 2017 |
Class of share |
Ordinary |
Option price |
Nil cost award |
Vesting date |
After the announcement of the final
results for 2019 in early 2020 |
Additional Information |
The share award under the BSP
represents half of the Executive’s total bonus 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. |
Mondi Limited and Mondi plc Long Term Incentive Plan
Date of transaction |
24 March 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 2020. |
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 |
David Hathorn |
Director |
Mondi Limited Bonus
Share Plan |
7,499 |
David Hathorn |
Director |
Mondi Limited Long
Term Incentive Plan |
27,426 |
Andrew King |
Director |
Mondi Limited Bonus
Share Plan |
3,608 |
Philip Laubscher |
Company Secretary,
Mondi Limited |
Mondi Limited Bonus
Share Plan |
2,436 |
Philip Laubscher |
Company Secretary,
Mondi Limited |
Mondi Limited Long
Term Incentive Plan |
7,463 |
Jenny Hampshire |
Company Secretary,
Mondi plc |
Mondi plc Long Term
Incentive Plan |
2,133 |
David Hathorn |
Director |
Mondi plc Bonus Share
Plan |
17,515 |
David Hathorn |
Director |
Mondi plc Long Term
Incentive Plan |
64,060 |
Andrew King |
Director |
Mondi plc Bonus Share
Plan |
8,427 |
Peter Oswald |
Director |
Mondi plc Bonus Share
Plan |
17,730 |
Ron Traill |
PDMR |
Mondi plc Bonus Share
Plan |
8,138 |
Ron Traill |
PDMR |
Mondi plc Long Term
Incentive Plan |
23,839 |
John Lindahl |
PDMR |
Mondi plc Bonus Share
Plan |
7,126 |
John Lindahl |
PDMR |
Mondi plc Long Term
Incentive Plan |
21,749 |
Andrew King and Peter Oswald will be granted LTIP awards after
the Annual General Meetings on 11 May
2017.
There follow notification forms for each of the above
directors/PDMRs of Mondi Limited and Mondi plc. In addition, in
order to satisfy the Listings Requirements of the JSE, notification
forms for the Company Secretaries of Mondi Limited and Mondi plc
are also included.
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 |
David Hathorn |
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 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
financial instrument, type of instrument
Identification code |
Ordinary shares of no
par value
ZAE000156550 |
b) |
Nature of the
transaction |
Conditional grant of shares under
the Mondi Limited Bonus Share Plan |
c) |
Price(s) and volume(s) |
Transaction(s) |
Price(s) |
Volume(s) |
Grant |
Nil |
7,499 |
|
|
|
|
|
|
|
d) |
Aggregated
information
- Aggregated volume
- Price |
7,499
Nil |
e) |
Date of transaction |
2017-03-24 |
f) |
Place of the transaction |
Outside trading venue |
1 |
Details of the person
discharging managerial responsibilities (“PDMR”) (or their person
closely associated (“PCA”)) / restricted person |
a) |
Name |
David Hathorn |
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 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
financial instrument, type of instrument
Identification code |
Ordinary shares of no
par value
ZAE000156550 |
b) |
Nature of the
transaction |
Conditional grant of shares under
the Mondi Limited Long Term Incentive Plan |
c) |
Price(s) and volume(s) |
Transaction(s) |
Price(s) |
Volume(s) |
Grant |
Nil |
27,426 |
|
|
|
|
|
|
|
d) |
Aggregated
information
- Aggregated volume
- Price |
27,426
Nil |
e) |
Date of transaction |
2017-03-24 |
f) |
Place of the transaction |
Outside trading venue |
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 /
Amendment |
Initial notification |
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
financial instrument, type of instrument
Identification code |
Ordinary shares of no
par value
ZAE000156550 |
b) |
Nature of the
transaction |
Conditional grant of shares under
the Mondi Limited Bonus Share Plan |
c) |
Price(s) and volume(s) |
Transaction(s) |
Price(s) |
Volume(s) |
Grant |
Nil |
3,608 |
|
|
|
|
|
|
|
d) |
Aggregated
information
- Aggregated volume
- Price |
3,608
Nil |
e) |
Date of transaction |
2017-03-24 |
f) |
Place of the transaction |
Outside trading venue |
1 |
Details of the person
discharging managerial responsibilities (“PDMR”) (or their person
closely associated (“PCA”)) / restricted person |
a) |
Name |
Philip Laubscher |
2 |
Reason for the
notification |
a) |
Position/status |
Company Secretary, Mondi
Limited |
b) |
Initial notification /
Amendment |
Initial notification |
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
financial instrument, type of instrument
Identification code |
Ordinary shares of no
par value
ZAE000156550 |
b) |
Nature of the
transaction |
Conditional grant of shares under
the Mondi Limited Bonus Share Plan |
c) |
Price(s) and volume(s) |
Transaction(s) |
Price(s) |
Volume(s) |
Grant |
Nil |
2,436 |
|
|
|
|
|
|
|
d) |
Aggregated
information
- Aggregated volume
- Price |
2,436
Nil |
e) |
Date of transaction |
2017-03-24 |
f) |
Place of the transaction |
Outside trading venue |
1 |
Details of the person
discharging managerial responsibilities (“PDMR”) (or their person
closely associated (“PCA”)) / restricted person |
a) |
Name |
Philip Laubscher |
2 |
Reason for the
notification |
a) |
Position/status |
Company Secretary, Mondi
Limited |
b) |
Initial notification /
Amendment |
Initial notification |
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
financial instrument, type of instrument
Identification code |
Ordinary shares of no
par value
ZAE000156550 |
b) |
Nature of the
transaction |
Conditional grant of shares under
the Mondi Limited Long Term Incentive Plan |
c) |
Price(s) and volume(s) |
Transaction(s) |
Price(s) |
Volume(s) |
Grant |
Nil |
7,463 |
|
|
|
|
|
|
|
d) |
Aggregated
information
- Aggregated volume
- Price |
7,463
Nil |
e) |
Date of transaction |
2017-03-24 |
f) |
Place of the transaction |
Outside trading venue |
1 |
Details of the person
discharging managerial responsibilities (“PDMR”) (or their person
closely associated (“PCA”)) / restricted person |
a) |
Name |
Jenny Hampshire |
2 |
Reason for the
notification |
a) |
Position/status |
Company Secretary, Mondi plc |
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 |
Conditional grant of shares under
the Mondi plc Long Term Incentive Plan |
c) |
Price(s) and volume(s) |
Transaction(s) |
Price(s) |
Volume(s) |
Grant |
Nil |
2,133 |
|
|
|
|
|
|
|
d) |
Aggregated
information
- Aggregated volume
- Price |
2,133
Nil |
e) |
Date of transaction |
2017-03-24 |
f) |
Place of the transaction |
Outside trading venue |
1 |
Details of the person
discharging managerial responsibilities (“PDMR”) (or their person
closely associated (“PCA”)) / restricted person |
a) |
Name |
David Hathorn |
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 |
Conditional grant of shares under
the Mondi plc Bonus Share Plan |
c) |
Price(s) and volume(s) |
Transaction(s) |
Price(s) |
Volume(s) |
Grant |
Nil |
17,515 |
|
|
|
|
|
|
|
d) |
Aggregated
information
- Aggregated volume
- Price |
17,515
Nil |
e) |
Date of transaction |
2017-03-24 |
f) |
Place of the transaction |
Outside trading venue |
1 |
Details of the person
discharging managerial responsibilities (“PDMR”) (or their person
closely associated (“PCA”)) / restricted person |
a) |
Name |
David Hathorn |
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 |
Conditional grant of shares under
the Mondi plc Long Term Incentive Plan |
c) |
Price(s) and volume(s) |
Transaction(s) |
Price(s) |
Volume(s) |
Grant |
Nil |
64,060 |
|
|
|
|
|
|
|
d) |
Aggregated
information
- Aggregated volume
- Price |
64,060
Nil |
e) |
Date of transaction |
2017-03-24 |
f) |
Place of the transaction |
Outside trading venue |
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 /
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 |
Conditional grant of shares under
the Mondi plc Bonus Share Plan |
c) |
Price(s) and volume(s) |
Transaction(s) |
Price(s) |
Volume(s) |
Grant |
Nil |
8,427 |
|
|
|
|
|
|
|
d) |
Aggregated
information
- Aggregated volume
- Price |
8,427
Nil |
e) |
Date of transaction |
2017-03-24 |
f) |
Place of the transaction |
Outside trading venue |
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 |
CEO Europe & International |
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 |
Conditional grant of shares under
the Mondi plc Bonus Share Plan |
c) |
Price(s) and volume(s) |
Transaction(s) |
Price(s) |
Volume(s) |
Grant |
Nil |
17,730 |
|
|
|
|
|
|
|
d) |
Aggregated
information
- Aggregated volume
- Price |
17,730
Nil |
e) |
Date of transaction |
2017-03-24 |
f) |
Place of the transaction |
Outside trading venue |
1 |
Details of the person
discharging managerial responsibilities (“PDMR”) (or their person
closely associated (“PCA”)) / restricted person |
a) |
Name |
Ron Traill |
2 |
Reason for the
notification |
a) |
Position/status |
CEO Mondi SA Division |
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 |
Conditional grant of shares under
the Mondi plc Bonus Share Plan |
c) |
Price(s) and volume(s) |
Transaction(s) |
Price(s) |
Volume(s) |
Grant |
Nil |
8,138 |
|
|
|
|
|
|
|
d) |
Aggregated
information
- Aggregated volume
- Price |
8,138
Nil |
e) |
Date of transaction |
2017-03-24 |
f) |
Place of the transaction |
Outside trading venue |
1 |
Details of the person
discharging managerial responsibilities (“PDMR”) (or their person
closely associated (“PCA”)) / restricted person |
a) |
Name |
Ron Traill |
2 |
Reason for the
notification |
a) |
Position/status |
CEO Mondi SA Division |
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 |
Conditional grant of shares under
the Mondi plc Long Term Incentive Plan |
c) |
Price(s) and volume(s) |
Transaction(s) |
Price(s) |
Volume(s) |
Grant |
Nil |
23,839 |
|
|
|
|
|
|
|
d) |
Aggregated
information
- Aggregated volume
- Price |
23,839
Nil |
e) |
Date of transaction |
2017-03-24 |
f) |
Place of the transaction |
Outside trading venue |
1 |
Details of the person
discharging managerial responsibilities (“PDMR”) (or their person
closely associated (“PCA”)) / restricted person |
a) |
Name |
John Lindahl |
2 |
Reason for the
notification |
a) |
Position/status |
Group Technical 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 |
Conditional grant of shares under
the Mondi plc Bonus Share Plan |
c) |
Price(s) and volume(s) |
Transaction(s) |
Price(s) |
Volume(s) |
Grant |
Nil |
7,126 |
|
|
|
|
|
|
|
d) |
Aggregated
information
- Aggregated volume
- Price |
7,126
Nil |
e) |
Date of transaction |
2017-03-24 |
f) |
Place of the transaction |
Outside trading venue |
1 |
Details of the person
discharging managerial responsibilities (“PDMR”) (or their person
closely associated (“PCA”)) / restricted person |
a) |
Name |
John Lindahl |
2 |
Reason for the
notification |
a) |
Position/status |
Group Technical 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 |
Conditional grant of shares under
the Mondi plc Long Term Incentive Plan |
c) |
Price(s) and volume(s) |
Transaction(s) |
Price(s) |
Volume(s) |
Grant |
Nil |
21,749 |
|
|
|
|
|
|
|
d) |
Aggregated
information
- Aggregated volume
- Price |
21,749
Nil |
e) |
Date of transaction |
2017-03-24 |
f) |
Place of the transaction |
Outside trading venue |