On October 6, 2023, two directors of Mondi plc, Andrew King (Group CEO) and Mike Powell (Group CFO), participated in transactions related to the Mondi Share Incentive Plan (SIP). The SIP is an all-employee trust arrangement approved by UK HM Revenue and Customs, allowing UK employees to purchase Mondi plc Ordinary shares using monthly deductions from their salary and receive allocations of free matching Mondi shares.
The transactions involved the acquisition of partnership and free matching shares via the Share Incentive Plan. Half of the acquired shares were acquired for nil consideration. The price given for the nil consideration Matching Shares reflects the market value on the day of purchase. The financial instrument involved in the transactions is the Ordinary shares of 0.20 each, with the identification code GB00B1CRLC47.
The transactions took place on the London Stock Exchange XLON. The aggregated information for both directors includes a volume of 22 shares and a price of 13.7277 per share. The date of the transactions was October 6, 2023.
Mondi plc is a company incorporated in England and Wales, with registered number 6209386. Its LEI is 213800LOZA69QFDC9N34. The company's share codes are MNDI on the London Stock Exchange and MNP on the Johannesburg Stock Exchange. Merrill Lynch South Africa (Pty) Ltd t/s BofA Securities is the sponsor for Mondi plc in South Africa.