30th Mar 2010 10:59
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000097051
Mondi plc
(Incorporated in England and Wales)
(Registration number: 6209386)
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 and the respective company secretaries, 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 JSE Listings Requirements and/or the Disclosure and Transparency Rules of the United Kingdom Listing Authority.
In accordance with Rules 3.63-3.74 of the JSE Listings Requirements and/or Disclosure and Transparency Rules 3.1.4R(1)(a), we advise of the following:
30 March 2010
TRANSACTIONS IN MONDI plc ORDINARY SHARES OF €0.20 EACH
1. Conditional awards of shares under the Mondi Long Term Incentive Plan granted to directors of Mondi Limited and Mondi plc, the Company Secretary of Mondi plc and Persons Discharging Managerial Responsibility
Name Position Number of Shares David Hathorn Director 253,844 Carol Hunt Company Secretary 37,434 Andrew King Director 96,578 Peter Machacek PDMR 141,284 Peter Oswald Director 226,055 Ron Traill PDMR 104,551
Date and place of transaction 29 March 2010, London Date of notification to issuer 29 March 2010
Type of option Long Term Incentive Plan Class of share Ordinary Option price Nil cost award Vesting date After the announcement of the final results for 2012 in early 2013 Performance conditions One half TSR and one half ROCE each measured over the 3 financial years ending 31 December 2012 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.
2. Conditional awards of shares under the Mondi Bonus Share Plan granted to directors of Mondi Limited and Mondi plc, the Company Secretary of Mondi plc and Persons Discharging Managerial Responsibility
Name Position Number of Shares David Hathorn Director 89,752 Carol Hunt Company Secretary 14,728 Andrew King Director 36,835 Peter Machacek PDMR 56,514 Peter Oswald Director 92,683 Ron Traill PDMR 41,298
Date and place of transaction 29 March 2010, London Date of notification to issuer 29 March 2010
Type of option Bonus Share Plan Class of share Ordinary Option price Nil cost award Vesting date After the announcement of the final results for 2012 in early 2013 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.
3. Acquisition of shares by a Person Discharging Managerial Responsibility as the result of a share award
Name Ladimir Pellizzaro Date and place of transaction 29 March 2010, London Date of notification to issuer 29 March 2010
Class of share Ordinary Number of shares 20,445 Option price Nil cost award Additional Information In accordance with Mr Pellizzaro's employment agreement, 40% of the after-tax value of any annual bonus is paid to him in Mondi plc shares which he is required to retain for the duration of his employment with Mondi. 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.
TRANSACTIONS IN MONDI LIMITED ORDINARY SHARES OF ZAR0.20 EACH
1. Conditional awards of shares under the Mondi Long Term Incentive Plangranted to directors of Mondi Limited and Mondi plc and the Company Secretaryof Mondi LimitedName Position Number of Shares David Hathorn Director 105,628 Andrew King Director 40,188 Philip Laubscher Company Secretary 26,851
Date and place of transaction 29 March 2010, South Africa Date of notification to issuer 29 March 2010
Type of option Long Term Incentive Plan Option price Nil cost award Class of share Ordinary Vesting date After the announcement of the final results for 2012 in early 2013 Performance conditions One half TSR and one half ROCE each measured over the 3 financial years ending 31 December 2012 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. 2. Conditional awards of shares under the Mondi Bonus Share Plan granted todirectors of Mondi Limited and Mondi plc and the Company Secretary of MondiLimitedName Position Number of Shares David Hathorn Director 37,347 Andrew King Director 15,328 Philip Laubscher Company Secretary 10,011
Date and place of transaction 29 March 2010, South Africa Date of notification to issuer 29 March 2010
Type of option Bonus Share Plan Class of share Ordinary Option price Nil cost award Vesting date After the announcement of the final results for 2012 in early 2013 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.
The requisite approval for the granting of the awards has been obtained.
vendorRelated Shares:
Mondi