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MONDI PLC - Director/PDMR Shareholding

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PR Newswire

Mondi Limited

(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550

Mondi plc

(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

As part of the dual listed company structure, Mondi Limited and Mondi plc notify both the JSE Limited and the London Stock Exchange of those interests (and changes to those interests) of directors of both entities, the respective company secretaries and persons discharging managerial responsibilities across the Group and, in certain instances, the directors of major subsidiaries of Mondi Limited in the securities of Mondi Limited and Mondi plc which are required to be disclosed under the Listings Requirements of the JSE and/or the Disclosure Guidance and Transparency Rules of the United Kingdom Listing Authority. To comply with the requirements in Articles 7 and 9 of the regulatory technical standards of the Transparency Directive (2004/109/EC), this announcement is classified as additional regulated information required to be disclosed under the laws of a Member State.

In accordance with Rules 3.63-3.74 of the Listings Requirements of the JSE and/or the Disclosure Guidance and Transparency Rules we advise of the following:

24 March 2017

TRANSACTIONS IN MONDI LIMITED ORDINARY SHARES OF NO PAR VALUE AND MONDI plc ORDINARY SHARES OF €0.20 EACH

On 24 March 2017, conditional awards of shares took place under the Mondi Limited and Mondi plc Bonus Share Plan (BSP) and Long Term Incentive Plan (LTIP).

Mondi Limited and Mondi plc Bonus Share Plan

Date of transaction 24 March 2017
Class of share Ordinary
Option price Nil cost award
Vesting date After the announcement of the final results for 2019 in early 2020
Additional Information The share award under the BSP represents half of the Executive’s total bonus as approved by the Mondi DLC Remuneration Committee. In line with the standard methodology adopted each year, the number of shares under award is determined with reference to the average share price over three days commencing with the announcement of results.

Mondi Limited and Mondi plc Long Term Incentive Plan

Date of transaction 24 March 2017
Class of share Ordinary
Option price Nil cost award
Vesting date After the announcement of the final results for 2019 in early 2020
Performance conditions One half TSR and one half ROCE each measured over the 3 financial years ending 31 December 2020.
Additional Information The LTIP award is based on a percentage of the Executive’s salary as approved by the Mondi DLC Remuneration Committee. In line with the standard methodology adopted each year, the number of shares under award is determined with reference to the average share price over three days commencing with the announcement of results.

The requisite approval for the granting of the awards summarised below was obtained:

Name Position Award Total number of shares awarded
David Hathorn Director Mondi Limited Bonus Share Plan 7,499
David Hathorn Director Mondi Limited Long Term Incentive Plan 27,426
Andrew King Director Mondi Limited Bonus Share Plan 3,608
Philip Laubscher Company Secretary, Mondi Limited Mondi Limited Bonus Share Plan 2,436
Philip Laubscher Company Secretary, Mondi Limited Mondi Limited Long Term Incentive Plan 7,463
Jenny Hampshire Company Secretary, Mondi plc Mondi plc Long Term Incentive Plan 2,133
David Hathorn Director Mondi plc Bonus Share Plan 17,515
David Hathorn Director Mondi plc Long Term Incentive Plan 64,060
Andrew King Director Mondi plc Bonus Share Plan 8,427
Peter Oswald Director Mondi plc Bonus Share Plan 17,730
Ron Traill PDMR Mondi plc Bonus Share Plan 8,138
Ron Traill PDMR Mondi plc Long Term Incentive Plan 23,839
John Lindahl PDMR Mondi plc Bonus Share Plan 7,126
John Lindahl PDMR Mondi plc Long Term Incentive Plan 21,749

Andrew King and Peter Oswald will be granted LTIP awards after the Annual General Meetings on 11 May 2017.

There follow notification forms for each of the above directors/PDMRs of Mondi Limited and Mondi plc. In addition, in order to satisfy the Listings Requirements of the JSE, notification forms for the Company Secretaries of Mondi Limited and Mondi plc are also included.

Sponsor in South Africa: UBS South Africa (Pty) Ltd

1 Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a) Name David Hathorn
2 Reason for the notification
a) Position/status Group CEO
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Mondi Limited
b) LEI N/A
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument

Identification code
Ordinary shares of no par value



ZAE000156550
b) Nature of the transaction Conditional grant of shares under the Mondi Limited Bonus Share Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 7,499
d) Aggregated information

- Aggregated volume


- Price


7,499


Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue

   

1 Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a) Name David Hathorn
2 Reason for the notification
a) Position/status Group CEO
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Mondi Limited
b) LEI N/A
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument

Identification code
Ordinary shares of no par value



ZAE000156550
b) Nature of the transaction Conditional grant of shares under the Mondi Limited Long Term Incentive Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 27,426
d) Aggregated information

- Aggregated volume


- Price


27,426


Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue

   

1 Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a) Name Andrew King
2 Reason for the notification
a) Position/status Group CFO
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Mondi Limited
b) LEI N/A
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument

Identification code
Ordinary shares of no par value



ZAE000156550
b) Nature of the transaction Conditional grant of shares under the Mondi Limited Bonus Share Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 3,608
d) Aggregated information

- Aggregated volume


- Price


3,608


Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue

   

1 Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a) Name Philip Laubscher
2 Reason for the notification
a) Position/status Company Secretary, Mondi Limited
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Mondi Limited
b) LEI N/A
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument

Identification code
Ordinary shares of no par value



ZAE000156550
b) Nature of the transaction Conditional grant of shares under the Mondi Limited Bonus Share Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 2,436
d) Aggregated information

- Aggregated volume


- Price


2,436


Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue

   

1 Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a) Name Philip Laubscher
2 Reason for the notification
a) Position/status Company Secretary, Mondi Limited
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Mondi Limited
b) LEI N/A
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument

Identification code
Ordinary shares of no par value



ZAE000156550
b) Nature of the transaction Conditional grant of shares under the Mondi Limited Long Term Incentive Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 7,463
d) Aggregated information

- Aggregated volume


- Price


7,463


Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue

   

1 Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a) Name Jenny Hampshire
2 Reason for the notification
a) Position/status Company Secretary, Mondi plc
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument

Identification code
Ordinary shares of €0.20 each



GB00B1CRLC47
b) Nature of the transaction Conditional grant of shares under the Mondi plc Long Term Incentive Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 2,133
d) Aggregated information

- Aggregated volume


- Price


2,133


Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue

   

1 Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a) Name David Hathorn
2 Reason for the notification
a) Position/status Group CEO
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument

Identification code
Ordinary shares of €0.20 each



GB00B1CRLC47
b) Nature of the transaction Conditional grant of shares under the Mondi plc Bonus Share Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 17,515
d) Aggregated information

- Aggregated volume


- Price


17,515


Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue

   

1 Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a) Name David Hathorn
2 Reason for the notification
a) Position/status Group CEO
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument

Identification code
Ordinary shares of €0.20 each



GB00B1CRLC47
b) Nature of the transaction Conditional grant of shares under the Mondi plc Long Term Incentive Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 64,060
d) Aggregated information

- Aggregated volume


- Price


64,060


Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue

   

1 Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a) Name Andrew King
2 Reason for the notification
a) Position/status Group CFO
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument

Identification code
Ordinary shares of €0.20 each



GB00B1CRLC47
b) Nature of the transaction Conditional grant of shares under the Mondi plc Bonus Share Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 8,427
d) Aggregated information

- Aggregated volume


- Price


8,427


Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue

   

1 Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a) Name Peter Oswald
2 Reason for the notification
a) Position/status CEO Europe & International
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument

Identification code
Ordinary shares of €0.20 each



GB00B1CRLC47
b) Nature of the transaction Conditional grant of shares under the Mondi plc Bonus Share Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 17,730
d) Aggregated information

- Aggregated volume


- Price


17,730


Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue

   

1 Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a) Name Ron Traill
2 Reason for the notification
a) Position/status CEO Mondi SA Division
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument

Identification code
Ordinary shares of €0.20 each



GB00B1CRLC47
b) Nature of the transaction Conditional grant of shares under the Mondi plc Bonus Share Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 8,138
d) Aggregated information

- Aggregated volume


- Price


8,138


Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue

   

1 Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a) Name Ron Traill
2 Reason for the notification
a) Position/status CEO Mondi SA Division
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument

Identification code
Ordinary shares of €0.20 each



GB00B1CRLC47
b) Nature of the transaction Conditional grant of shares under the Mondi plc Long Term Incentive Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 23,839
d) Aggregated information

- Aggregated volume


- Price


23,839


Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue

   

1 Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a) Name John Lindahl
2 Reason for the notification
a) Position/status Group Technical Director
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument

Identification code
Ordinary shares of €0.20 each



GB00B1CRLC47
b) Nature of the transaction Conditional grant of shares under the Mondi plc Bonus Share Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 7,126
d) Aggregated information

- Aggregated volume


- Price


7,126


Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue

   

1 Details of the person discharging managerial responsibilities (“PDMR”) (or their person closely associated (“PCA”)) / restricted person
a) Name John Lindahl
2 Reason for the notification
a) Position/status Group Technical Director
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Mondi plc
b) LEI 213800LOZA69QFDC9N34
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument

Identification code
Ordinary shares of €0.20 each



GB00B1CRLC47
b) Nature of the transaction Conditional grant of shares under the Mondi plc Long Term Incentive Plan
c) Price(s) and volume(s)
Transaction(s) Price(s) Volume(s)
Grant Nil 21,749
d) Aggregated information

- Aggregated volume


- Price


21,749


Nil
e) Date of transaction 2017-03-24
f) Place of the transaction Outside trading venue

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