Ninety One UK Ltd has disclosed its position in Mondi Plc, as of February 21, 2024. The disclosure, made in accordance with Rule 8.3 of the Takeover Code, reveals that Ninety One UK Ltd owns and/or controls 17,343,147 shares, representing 3.92% of the common stock of Mondi Plc. Additionally, the disclosure includes details of cash-settled derivatives and stock-settled derivatives, as well as recent dealings involving the purchase and sale of securities.
The disclosure also specifies that Ninety One UK Ltd does not have discretion regarding voting decisions in respect of 623,255 shares that are included in the total ownership and control. Furthermore, the document outlines the nature of the dealings, including purchases and sales of relevant securities, as well as in specie transfer out of shares.
The disclosure concludes with a confirmation that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. It also confirms that no supplemental form is attached to the disclosure.
This disclosure provides transparency regarding Ninety One UK Ltd's interests and short positions in Mondi Plc, in compliance with the regulatory requirements of the Takeover Code.