Mondi Plc has announced the final dividend for the year ended 31 December 2023, set at 46.67 euro cents per ordinary share. The dividend will be paid on 14 May 2024 to all Mondi plc ordinary shareholders on the UK main register or the South African branch register on 5 April 2024, subject to shareholder approval at the annual general meeting on 3 May 2024. Shareholders in the UK will receive the dividend in sterling, with the euro/sterling exchange rate set on 23 April 2024. Shareholders on the South African branch register will receive the dividend in South African rand cents, with a gross final dividend of 956.81854 rand cents per ordinary share.
For South African tax resident shareholders, dividends withholding tax will be withheld at a rate of 20%, resulting in a net final dividend of 765.45483 rand cents per ordinary share, unless exempt. Shareholders not tax resident in South Africa are exempt from South African dividends withholding tax. The source of income for the dividend payment is the United Kingdom. The final dividend will be paid from income reserves.
Mondi Plc, a global leader in packaging and paper, employs 22,000 people in over 30 countries and had revenues of 7.3 billion and underlying EBITDA of 1.2 billion in 2023. The company operates with a focus on sustainability and has a premium listing on the London Stock Exchange (MNDI) and a secondary listing on the JSE Limited (MNP).