REG-Mondi Plc: Director/PDMR Shareholding
03/05/2024 15:45
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI ISIN: GB00BMWC6P49
JSE share code: MNP
3 May 2024
TRANSACTIONS IN MONDI plc ORDINARY SHARES OF €0.22 EACH
On 3 May 2024, 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 3 May 2024
Class of share Ordinary
Option price Nil cost option
Vesting date After the announcement of the final results for 2026, in early 2027
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 trading days commencing with the announcement of results.
Mondi plc Long Term Incentive Plan
Date of transaction 3 May 2024
Class of share Ordinary
Option price Nil cost option
Vesting date Holding Period After the announcement of the final results for 2026, in early 2027, subject to achievement of the performance conditions For the executive directors, any shares which vest will be subject to a two year holding period from the date of vesting
Performance conditions 50% ROCE, 25% TSR and 25% cumulative EPS each measured over the 3 financial years ending 31 December 2026
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 trading days commencing with the announcement of results.
Mondi plc Long Term Incentive Plan - Marita Erler additional awards
Date of transaction 3 May 2024
Class of share Ordinary
Option price Nil cost option
Vesting date 14,105 shares will vest after the announcement of the final results for 2024, in early 2025, and 5,281 shares will vest after the announcement of the final results for 2025, in early 2026, subject to service conditions having been met. 8,298 shares will vest after the announcement of the final results for 2025, in early 2026, subject to achievement of the performance conditions
Performance conditions The awards of the 14,105 shares and 5,281 shares above, are not subject to performance conditions. The awards will vest subject to service conditions having been met. The award of 8,298 shares will be subject to performance conditions - 50% ROCE, 25% TSR and 25% cumulative EPS, each measured over the 3 financial years ending 31 December 2025.
Additional Information These awards were approved by the Remuneration Committee, in accordance with the Company's Remuneration Policy, to replace variable pay awards forgone to join Mondi. The additional awards reflect the nature, time horizons and performance conditions attached to the awards forgone.
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, Uncoated Fine Paper & South Africa
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 €0.22 each GB00BMWC6P49
b) Nature of the transaction Grant of shares as options under the Mondi plc Bonus Share Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 5,518
d) Aggregated information - Aggregated volume - Price 5,518 Nil
e) Date of transaction 2024-05-03
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, Uncoated Fine Paper & South Africa
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 €0.22 each GB00BMWC6P49
b) Nature of the transaction Grant of shares as options under the Mondi plc Long Term Incentive Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 32,973
d) Aggregated information - Aggregated volume - Price 32,973 Nil
e) Date of transaction 2024-05-03
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 / 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 €0.22 each GB00BMWC6P49
b) Nature of the transaction Grant of shares as options under the Mondi plc Bonus Share Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 20,395
d) Aggregated information - Aggregated volume - Price 20,395 Nil
e) Date of transaction 2024-05-03
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 / 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 €0.22 each GB00BMWC6P49
b) Nature of the transaction Grant of shares as options under the Mondi plc Long Term Incentive Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 179,234
d) Aggregated information - Aggregated volume - Price 179,234 Nil
e) Date of transaction 2024-05-03
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 Mike Powell
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 €0.22 each GB00BMWC6P49
b) Nature of the transaction Grant of shares as options under the Mondi plc Bonus Share Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 12,362
d) Aggregated information - Aggregated volume - Price 12,362 Nil
e) Date of transaction 2024-05-03
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 Mike Powell
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 €0.22 each GB00BMWC6P49
b) Nature of the transaction Grant of shares as options under the Mondi plc Long Term Incentive Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 104,348
d) Aggregated information - Aggregated volume - Price 104,348 Nil
e) Date of transaction 2024-05-03
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 Marita Erler
2 Reason for the notification
a) Position/status Chief People Officer
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 €0.22 each GB00BMWC6P49
b) Nature of the transaction Grant of shares as options under the Mondi plc Long Term Incentive Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
(1) Grant Nil 21,315
(2) Grant Nil 14,105
(3) Grant Nil 5,281
(4) Grant Nil 8,298
d) Aggregated information - Aggregated volume - Price (1) 21,315 (2) 14,105 (3) 5,281 (4) 8,298 (1) Nil (2) Nil (3) Nil (4) Nil
e) Date of transaction 2024-05-03
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 Markus Gaertner
2 Reason for the notification
a) Position/status CEO, Corrugated Packaging
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 €0.22 each GB00BMWC6P49
b) Nature of the transaction Grant of shares as options under the Mondi plc Bonus Share Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 6,127
d) Aggregated information - Aggregated volume - Price 6,127 Nil
e) Date of transaction 2024-05-03
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 Markus Gaertner
2 Reason for the notification
a) Position/status CEO, Corrugated Packaging
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 €0.22 each GB00BMWC6P49
b) Nature of the transaction Grant of shares as options under the Mondi plc Long Term Incentive Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 42,070
d) Aggregated information - Aggregated volume - Price 42,070 Nil
e) Date of transaction 2024-05-03
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 Lars Mallasch
2 Reason for the notification
a) Position/status Group Technical & Sustainability 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 €0.22 each GB00BMWC6P49
b) Nature of the transaction Grant of shares as options under the Mondi plc Bonus Share Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 3,141
d) Aggregated information - Aggregated volume - Price 3,141 Nil
e) Date of transaction 2024-05-03
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 Lars Mallasch
2 Reason for the notification
a) Position/status Group Technical & Sustainability 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 €0.22 each GB00BMWC6P49
b) Nature of the transaction Grant of shares as options under the Mondi plc Long Term Incentive Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 18,487
d) Aggregated information - Aggregated volume - Price 18,487 Nil
e) Date of transaction 2024-05-03
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 Thomas Ott
2 Reason for the notification
a) Position/status CEO, Flexible Packaging
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 €0.22 each GB00BMWC6P49
b) Nature of the transaction Grant of shares as options under the Mondi plc Bonus Share Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 8,835
d) Aggregated information - Aggregated volume - Price 8,835 Nil
e) Date of transaction 2024-05-03
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 Thomas Ott
2 Reason for the notification
a) Position/status CEO, Flexible Packaging
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 €0.22 each GB00BMWC6P49
b) Nature of the transaction Grant of shares as options under the Mondi plc Long Term Incentive Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 41,644
d) Aggregated information - Aggregated volume - Price 41,644 Nil
e) Date of transaction 2024-05-03
f) Place of the transaction Outside trading venue - off market
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