Mondi Plc is considering a potential all-share combination with DS Smith Plc, as confirmed in a recent announcement. The company is evaluating this option within its disciplined capital allocation framework, aiming to accelerate growth in the packaging sectors it operates in. Mondi believes that this potential combination presents an opportunity to create an industry leader in European paper-based sustainable packaging solutions, well-positioned to benefit from sustainable packaging trends and substantial synergies. The company emphasizes its commitment to maintaining a strong financial position and a dividend policy aimed at offering long-term dividend growth to shareholders. However, there is no certainty that an offer will be made to acquire DS Smith, and any potential transaction will be assessed against Mondi's capital allocation framework. The company is required to announce a firm intention to make an offer for DS Smith or announce that it does not intend to make an offer by a specified deadline. Further announcements will be made as necessary.