Mondi Plc has announced the 2024 interim dividend ZAR/euro exchange rate. The company will pay an interim dividend for the year ending 31 December 2024 of 23.33 euro cents per ordinary share. The dividend will be paid on Friday 27 September 2024 to all Mondi plc ordinary shareholders on either the UK main register or the South African branch register on Friday 23 August 2024. Shareholders in the UK will receive the dividend in sterling unless they have elected to receive it in euro. The last date for euro currency elections will be Monday 09 September 2024, and the exchange rate will be set on Friday 13 September 2024.
Shareholders holding their shares on the South African branch register will receive the dividend in South African rand cents, converted at a rate of EUR 1 to ZAR 19.69500. For South African tax resident shareholders, dividends withholding tax will be withheld at a rate of 20%, unless a shareholder qualifies for an exemption, resulting in a net dividend of 367.58748 rand cents per ordinary share. Shareholders holding their shares on the South African branch register who are not tax resident in South Africa are exempted from South African dividends withholding tax.
The interim dividend will be paid from income reserves. Mondi plc had a total of 441,412,530 ordinary shares in issue, of which 174,122,985 were held on the branch register, excluding treasury shares, at the dividend declaration date of 01 August 2024.
Mondi is a global leader in packaging and paper, employing 22,000 people in more than 30 countries. The company operates an integrated business with expertise spanning the entire value chain, offering customers a broad range of innovative solutions for consumer and industrial end-use applications. In 2023, Mondi had revenues of 7.3 billion and underlying EBITDA of 1.2 billion. The company is listed on the London Stock Exchange in the ESCC category (MNDI) and has a secondary listing on the JSE Limited (MNP).