Mondi Plc recently announced that directors and persons discharging managerial responsibilities (PDMRs) have acquired and sold Mondi Plc ordinary shares. The acquisitions were made following the exercise of nil-cost options under the Mondi Plc Bonus Share Plan (BSP) and Mondi Plc Long Term Incentive Plan (LTIP). Some of the shares were subsequently sold to cover tax liabilities. The exercise of the BSP and LTIP nil-cost options for directors includes additional shares received in lieu of dividends, which are subject to tax. One director transferred the retained shares to their spouse for nil cost.
The transactions were made in accordance with the requirements of Article 19(3) of the UK Market Abuse Regulation. The details of the acquisitions, sales, and transfers of the shares are provided in the notification forms. The transactions were conducted off the market.
Vivien McMenamin, CEO of Uncoated Fine Paper & South Africa, acquired 1,647 shares as a result of the exercise of a Mondi Plc Bonus Share Plan nil-cost option and subsequently sold them. Additionally, McMenamin acquired 5,500 shares as a result of the exercise of a Mondi Plc Long Term Incentive nil-cost option and subsequently sold them.
Andrew King, Group CEO, acquired 21,240 shares as a result of the exercise of a Mondi Plc Bonus Share Plan nil-cost option and subsequently sold 10,200 of them. The transactions were conducted off the market.
These transactions provide insight into the share dealings of directors and PDMRs within Mondi Plc, reflecting their participation in the company's incentive plans and adherence to regulatory requirements.