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Odd-lot Offer Results

17th Jul 2013 10:15

MONDI PLC - Odd-lot Offer Results

MONDI PLC - Odd-lot Offer Results

PR Newswire

London, July 17

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)JSE share code: MNP ISIN: GB00B1CRLC47LSE share code: MNDI As part of the dual listed company structure, Mondi Limited and Mondi plc(together `Mondi Group') notify both the JSE Limited and the London StockExchange of matters required to be disclosed under the Listings Requirements ofthe JSE Limited and/or the Disclosure and Transparency and Listing Rules of theUnited Kingdom Listing Authority. Capitalised terms not defined in this announcement shall bear the meaningsascribed to such terms in the Notices of the Annual General Meetings of MondiLimited and Mondi plc that were sent to Mondi Group shareholders on 26 March2013. 17 July 2013 RESULTS OF THE ODD-LOT OFFER AND TRANSACTION IN OWN SHARES Further to the implementation of the Odd-lot Offer to facilitate a reduction inthe number of ordinary shareholders holding fewer than 100 Mondi LimitedOrdinary Shares and/or fewer than 100 Mondi plc Ordinary Shares, Mondiannounces that, following closure of the Odd-lot Offer on 12 July 2013, thefollowing Ordinary Shares have been purchased today, being the implementationdate: * the Mondi Incentive Schemes Trust Trustees have purchased 239,633 Mondi Limited Ordinary Shares of no par value on the SA Register at a price of 13854.28 Rand cents per Ordinary Share; * Mondi plc has purchased 96,591 Mondi plc Ordinary Shares of EUR0.20 per share on the UK Register at a price of 965.43p per Ordinary Share. Where Odd-lot Holders had elected to receive their funds in Euro the shares were purchased at 1122.63 Euro cents per Ordinary Share; and * Mondi plc has purchased 322,727 Mondi plc Ordinary Shares of EUR0.20 per share on the SA Branch Register at a price of 13903.10 Rand cents per Ordinary Share. The Odd-lot Offer was launched in June 2013 to reduce Mondi's unusually largenumber of shareholders for a group of its size. Following the implementation ofthe Odd-lot Offer, the total number of shareholders has been reduced byapproximately 77% (52,714 shareholders); this reduction will reduceadministrative costs, including, for example, the costs of printing anddistributing financial statements, circulars and notices. The Ordinary Shares purchased represent approximately 0.14% of the total numberof Ordinary Shares in issue. The Mondi Limited Ordinary Shares on the SA Register were purchased directly bythe Mondi Incentive Schemes Trust Trustees and, therefore, there has been nochange to the issued Ordinary Share capital of Mondi Limited. The Mondi plc Ordinary Shares on the UK Register and the SA Branch Registerhave been purchased by Mondi plc and are currently held as treasury shares.Following the above purchase, Mondi plc holds 419,318 Mondi plc Ordinary Sharesas treasury shares. The total number of Mondi plc Ordinary Shares in issue(excluding shares held as treasury shares) is 366,821,487. It is the intention that the Mondi plc Ordinary Shares purchased and currentlyheld as treasury shares will be transferred to the Mondi Employee Share Truston or around 24 July 2013. Carol Hunt Company Secretary, Mondi plc Philip Laubscher Company Secretary, Mondi Limited About Mondi Mondi is an international packaging and paper Group, with production operationsacross 30 countries and revenue of €5.8 billion in 2012. The Group's keyoperations are located in central Europe, Russia and South Africa and as at theend of 2012, Mondi employed 25,700 people. Mondi Group is fully integrated across the packaging and paper value chain,from the growing of wood and the production of pulp and paper (packaging paperand uncoated fine paper), to the conversion of packaging paper into corrugatedpackaging, industrial bags, extrusion coatings and release liner. Mondi is alsoa supplier of innovative consumer packaging solutions, advanced films andhygiene products components. Mondi Group has a dual listed company structure, with a primary listing on theJSE Limited for Mondi Limited under the ticker code MND and a premium listingon the London Stock Exchange for Mondi plc, under the ticker code MNDI. TheGroup has been recognised for its sustainability through its inclusion in theFTSE4Good Global, European and UK Index Series (since 2008) and the JSE'sSocially Responsible Investment (SRI) Index since 2007. The Group was alsoincluded in the Carbon Disclosure Project's (CDP) FTSE 350 Carbon DisclosureLeadership Index (CDLI) for the third year and in CDP's FTSE 350 CarbonPerformance Leadership Index (CPLI) for the first time in 2012.

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


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