7th Jul 2011 12:00
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 Rule 3.1.4R, we advise of the following:
7 July 2011
TRANSACTIONIN MONDI plc ORDINARY SHARES OF €0.20 EACH
On 5 July 2011, pursuant to the Co-Investment Plan between David Hathorn and Mondi plc, a grant of conditional awards became unconditional and the following acquisition and sale of shares automatically took place:
Name David Hathorn
Position Director
Number of shares vesting 538,795
Total value of shares vesting £3,503,245.09
Number of shares retained 312,047
Total value of shares retained £2,028,929.59
Number of shares sold 226,748 at £6.502 per share
Total value of shares sold £1,474,315.50
Nature of interest Direct Beneficial
Mondi plc invoked its withholding rights pursuant to the rules of the Co-Investment Plan and automatically sold sufficient shares to cover the tax owed by Mr Hathorn. The remaining shares have been transferred to Mr Hathorn for him to hold.
Sponsor: UBS South Africa (Pty) Ltd.
PINXRelated Shares:
Mondi