Mondi plc has published a circular outlining the details of a proposed special dividend and associated share consolidation. The company intends to return approximately £775 million to shareholders through a special dividend of £1.60 per existing ordinary share. To maintain the comparability of the company's share price before and after the special dividend, a share consolidation is proposed, with shareholders receiving 10 new ordinary shares for every 11 existing ordinary shares they hold. The special dividend and share consolidation require shareholder approval and will be proposed at a general meeting on January 15, 2024. The special dividend is subject to approval and conditional on the approval of the share consolidation and admission of new ordinary shares on the London Stock Exchange and the JSE.