Mondi Plc recently disclosed transactions related to the Mondi Share Incentive Plan (SIP) involving two of its directors. The SIP is an all-employee trust arrangement approved by UK HM Revenue and Customs, allowing UK employees to purchase Mondi Shares using monthly salary deductions and receive free matching Mondi Shares. The directors, Andrew King (Group CEO) and Mike Powell (Group CFO), each acquired 22 ordinary shares at a price of 13.9679 on April 8, 2024, with half of the shares acquired for nil consideration.
These transactions were conducted on the London Stock Exchange (XLON). The acquisition of shares through the SIP demonstrates the company's commitment to incentivizing and rewarding its employees, aligning their interests with those of the company and its shareholders. This aligns with the company's strategy to drive long-term sustainable value creation and maintain a motivated workforce.