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Notification of transactions of directors and persons discharging managerial responsibilities (PDMRS)

Published: 2022-03-14 13:30:00 ET

Mondi plc (JSE:MNP) News - Notification of transactions of directors and persons discharging managerial responsibilities (PDMRS)

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

14 March 2022


NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRS)

On 10 March 2022, in line with normal timetable, directors/PDMRs of Mondi plc
received Mondi plc ordinary shares of €0.20 each following the vesting of conditional
awards under the Mondi plc Bonus Share Plan (BSP) and the Mondi plc Long Term
Incentive Plan (LTIP). Following vesting some of the shares were sold to cover tax
liabilities.

In addition, on 10 March 2022, a director of Mondi plc received Mondi plc ordinary
shares of €0.20 each following the vesting and exercise of a nil-cost option under the
Mondi plc LTIP. The vesting and exercise of the LTIP nil-cost option includes additional
shares received in lieu of dividends, which are subject to tax. Following vesting and
exercise, some of the shares were sold to cover tax liabilities. The retained shares
were subsequently transferred to the director’s spouse for nil cost.

Details of the vesting, exercise, sale and transfer of the shares are set out in the below
notification forms.

This announcement is made in accordance with the requirements of Article 19(3) of
the UK Market Abuse Regulation.

Sponsor in South Africa: Merrill Lynch South Africa (Pty) Ltd t/s BofA Securities


1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Vivien McMenamin

2 Reason for the notification
a) Position/status          CEO, South Africa

b) Initial notification /     Initial notification
   Amendment

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        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

    Identification code       GB00B1CRLC47

b) Nature of the              (1) Acquisition of shares as a result of the vesting of
   transaction                a Mondi plc Bonus Share Plan award; and (2)
                              subsequent sale of shares
c) Price(s) and volume(s)      Transaction(s) Price(s)             Volume(s)
                               (1) Acquisition Nil                 4,849
                               (2) Sale          ZAR               2,196
                                                 280.326156

d) Aggregated information

    - Aggregated volume       (1) 4,849
                              (2) 2,196

    - Price                   (1) Nil
                              (2) ZAR 280.326156
e) Date of transaction        2022-03-10
f) Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Vivien McMenamin

2 Reason for the notification
a) Position/status          CEO, South Africa

b) Initial notification /     Initial notification
   Amendment

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        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

    Identification code       GB00B1CRLC47

b) Nature of the              (1) Acquisition of shares as a result of the vesting of
   transaction                a Mondi plc Long Term Incentive Plan award; and
                              (2) subsequent sale of shares
c) Price(s) and volume(s)      Transaction(s) Price(s)             Volume(s)
                               (1) Acquisition Nil                 4,348
                               (2) Sale          ZAR               1,968
                                                 280.326156

d) Aggregated information

    - Aggregated volume       (1) 4,348
                              (2) 1,968

    - Price                   (1) Nil
                              (2) ZAR 280.326156
e) Date of transaction        2022-03-10
f) Place of the transaction   Outside trading venue – off market
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 CEO

b) Initial notification /     Initial notification
   Amendment

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        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

    Identification code       GB00B1CRLC47

b) Nature of the              (1) Acquisition of shares as a result of the vesting of
   transaction                a Mondi plc Bonus Share Plan award; and (2)
                              subsequent sale of shares
c) Price(s) and volume(s)      Transaction(s) Price(s)              Volume(s)
                               (1) Acquisition Nil                  19,619
                               (2) Sale          GBP 14.074411 9,373

d) Aggregated information

    - Aggregated volume       (1) 19,619
                              (2) 9,373

    - Price
                              (1) Nil
                              (2) GBP 14.074411
e) Date of transaction        2022-03-10
f) Place of the transaction   Outside trading venue – off market
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 CEO

b) Initial notification /     Initial notification
   Amendment

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        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

    Identification code       GB00B1CRLC47

b) Nature of the              (1) Acquisition of shares as a result of the vesting of
   transaction                a Mondi plc Long Term Incentive Plan award; and
                              (2) subsequent sale of shares
c) Price(s) and volume(s)      Transaction(s) Price(s)              Volume(s)
                               (1) Acquisition Nil                  26,758
                               (2) Sale          GBP 14.074411 12,785

d) Aggregated information

    - Aggregated volume       (1) 26,758
                              (2) 12,785

    - Price                   (1) Nil
                              (2) GBP 14.074411
e) Date of transaction        2022-03-10
f) Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Markus Gaertner

2 Reason for the notification
a) Position/status          CEO, Corrugated Packaging

b) Initial notification /     Initial notification
   Amendment

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        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

    Identification code       GB00B1CRLC47

b) Nature of the              (1) Acquisition of shares as a result of the vesting of
   transaction                a Mondi plc Bonus Share Plan award; and (2)
                              subsequent sale of shares
c) Price(s) and volume(s)      Transaction(s) Price(s)              Volume(s)
                               (1) Acquisition Nil                  2,642
                               (2) Sale          GBP 14.074411 1,454

d) Aggregated information

    - Aggregated volume       (1) 2,642
                              (2) 1,454

    - Price                   (1) Nil
                              (2) GBP 14.074411
e) Date of transaction        2022-03-10
f) Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Markus Gaertner

2 Reason for the notification
a) Position/status          CEO, Corrugated Packaging

b) Initial notification /     Initial notification
   Amendment

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        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

    Identification code       GB00B1CRLC47

b) Nature of the              (1) Acquisition of shares as a result of the vesting of
   transaction                a Mondi plc Long Term Incentive Plan award; and
                              (2) subsequent sale of shares
c) Price(s) and volume(s)      Transaction(s) Price(s)              Volume(s)
                               (1) Acquisition Nil                  6,721
                               (2) Sale          GBP 14.074411 3,697

d) Aggregated information

    - Aggregated volume       (1) 6,721
                              (2) 3,697

    - Price                   (1) Nil
                              (2) GBP 14.074411
e) Date of transaction        2022-03-10
f) Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Michael Hakes

2 Reason for the notification
a) Position/status          Group HR Director

b) Initial notification /     Initial notification
   Amendment

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        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

    Identification code       GB00B1CRLC47

b) Nature of the              (1) Acquisition of shares as a result of the vesting of
   transaction                a Mondi plc Bonus Share Plan award; and (2)
                              subsequent sale of shares
c) Price(s) and volume(s)      Transaction(s) Price(s)              Volume(s)
                               (1) Acquisition Nil                  3,586
                               (2) Sale          GBP 14.074411 1,973

d) Aggregated information

    - Aggregated volume       (1) 3,586
                              (2) 1,973

    - Price                   (1) Nil
                              (2) GBP 14.074411
e) Date of transaction        2022-03-10
f) Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Michael Hakes

2 Reason for the notification
a) Position/status          Group HR Director

b) Initial notification /     Initial notification
   Amendment

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        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

    Identification code       GB00B1CRLC47

b) Nature of the              (1) Acquisition of shares as a result of the vesting of
   transaction                a Mondi plc Long Term Incentive Plan award; and
                              (2) subsequent sale of shares
c) Price(s) and volume(s)      Transaction(s) Price(s)              Volume(s)
                               (1) Acquisition Nil                  5,094
                               (2) Sale          GBP 14.074411 2,802

d) Aggregated information

    - Aggregated volume       (1) 5,094
                              (2) 2,802

    - Price                   (1) Nil
                              (2) GBP 14.074411
e) Date of transaction        2022-03-10
f) Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Lars Mallasch

2 Reason for the notification
a) Position/status          Group Technical & Sustainability Director

b) Initial notification /     Initial notification
   Amendment

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        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

    Identification code       GB00B1CRLC47

b) Nature of the              (1) Acquisition of shares as a result of the vesting of
   transaction                a Mondi plc Bonus Share Plan award; and (2)
                              subsequent sale of shares
c) Price(s) and volume(s)      Transaction(s) Price(s)              Volume(s)
                               (1) Acquisition Nil                  4,011
                               (2) Sale          GBP 14.074411 2,207

d) Aggregated information

    - Aggregated volume       (1) 4,011
                              (2) 2,207

    - Price                   (1) Nil
                              (2) GBP 14.074411
e) Date of transaction        2022-03-10
f) Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Sara Sizer

2 Reason for the notification
a) Position/status          Group Communication & Marketing Director

b) Initial notification /     Initial notification
   Amendment

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        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

    Identification code       GB00B1CRLC47

b) Nature of the              (1) Acquisition of shares as a result of the vesting of
   transaction                a Mondi plc Bonus Share Plan award; and (2)
                              subsequent sale of shares
c) Price(s) and volume(s)      Transaction(s) Price(s)              Volume(s)
                               (1) Acquisition Nil                  5,119
                               (2) Sale          GBP 14.074411 2,503

d) Aggregated information

    - Aggregated volume       (1) 5,119
                              (2) 2,503

    - Price                   (1) Nil
                              (2) GBP 14.074411
e) Date of transaction        2022-03-10
f) Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Sara Sizer

2 Reason for the notification
a) Position/status          Group Communication & Marketing Director

b) Initial notification /     Initial notification
   Amendment

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        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

    Identification code       GB00B1CRLC47

b) Nature of the              (1) Acquisition of shares as a result of the vesting of
   transaction                a Mondi plc Long Term Incentive Plan award; and
                              (2) subsequent sale of shares
c) Price(s) and volume(s)      Transaction(s) Price(s)              Volume(s)
                               (1) Acquisition Nil                  5,447
                               (2) Sale          GBP 14.074411 2,663

d) Aggregated information

    - Aggregated volume       (1) 5,447
                              (2) 2,663

    - Price                   (1) Nil
                              (2) GBP 14.074411
e) Date of transaction        2022-03-10
f) Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Mike Powell

2 Reason for the notification
a) Position/status          Group CFO

b) Initial notification /     Initial notification
   Amendment

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        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

    Identification code       GB00B1CRLC47

b) Nature of the              (1) Acquisition of shares as a result of the vesting
   transaction                and exercise of a Mondi plc Long Term Incentive
                              Plan nil-cost option, and (2) subsequent sale of
                              shares
c) Price(s) and volume(s)      Transaction(s) Price(s)              Volume(s)
                               (1) Acquisition Nil                  32,454
                               (2) Sale          GBP 14.074411 15,275

d) Aggregated information

    - Aggregated volume       (1) 32,454
                              (2) 15,275

    - Price                   (1) Nil
                              (2) GBP 14.074411
e) Date of transaction        2022-03-10
f) Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Mike Powell

2 Reason for the notification
a) Position/status          Group CFO

b) Initial notification /     Initial notification
   Amendment

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        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

    Identification code       GB00B1CRLC47

b) Nature of the              Transfer of 17,179 Ordinary shares to his spouse
   transaction                for nil cost

c) Price(s) and volume(s)      Price(s)                  Volume(s)
                               Nil                       17,179
d) Aggregated information

    - Aggregated volume       17,179


    - Price                   Nil

e) Date of transaction        2022-03-10
f) Place of the transaction   Outside trading venue – off market
1  Details of the person discharging managerial responsibilities (“PDMR”)
   (or their person closely associated (“PCA”)) / restricted person
a) Name                      Kate Powell

2 Reason for the notification
a) Position/status          Person closely associated to Mike Powell, Group
                            CFO
b) Initial notification /   Initial notification
   Amendment

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        Ordinary shares of €0.20 each
   financial instrument,
   type of instrument

    Identification code       GB00B1CRLC47

b) Nature of the              Receipt of 17,179 Ordinary shares from her spouse
   transaction                for nil cost

c) Price(s) and volume(s)      Price(s)                  Volume(s)
                               Nil                       17,179
d) Aggregated information

    - Aggregated volume       17,179


    - Price                   Nil

e) Date of transaction        2022-03-10
f) Place of the transaction   Outside trading venue – off market

Date: 14-03-2022 03:30:00
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329 South Oyster Bay Road #2085
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team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.