Mondi Plc has announced the effective implementation of a Share Consolidation, following shareholder approval at the General Meeting for the Special Dividend and Share Consolidation. The company's New Ordinary Shares will be admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's Main Market for listed securities. Additionally, the New Ordinary Shares will be admitted to trading on the main board of the JSE. The total number of shares with voting rights in Mondi will be 441,412,530.
The Share Consolidation has led to the company's issued share capital consisting of 441,412,530 ordinary shares of 0.22 each, with no shares held in treasury. Shareholders and others with notification obligations can use this figure as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, Mondi under the FCAs Disclosure Guidance and Transparency Rules.
The terms and salient dates and times in relation to the Special Dividend and Share Consolidation, as set out in the circular published by the Company on 19 December 2023, remain unchanged. Shareholders are advised to read the Circular with care and in full.
Mondi is a global leader in packaging and paper, with an integrated business across the value chain. The company is committed to sustainability, with ambitious commitments to 2030 focused on circular driven solutions, created by empowered people, taking action on climate. In 2022, Mondi had revenues of 8.9 billion and underlying EBITDA of 1.8 billion from continuing operations, and employed 22,000 people worldwide. The company has a premium listing on the London Stock Exchange (MNDI) and a secondary listing on the JSE Limited (MNP).
For further information, investors/analysts can contact Fiona Lawrence, Mondi Group Head of Investor Relations, and for media inquiries, Chris Gurney, Mondi Group Head of Corporate Communication, or Richard Mountain from FTI Consulting.