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Mondi Plc - Director/PDMR Shareholding

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Mondi plc

(Incorporated in England and Wales)

(Registered number: 6209386)

LEI: 213800LOZA69QFDC9N34

LSE share code: MNDI ISIN: GB00BMWC6P49

JSE share code: MNP

 


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38,94 $
-0,13%
Mondi plc ADR Chart

 

3 May 2024

 

TRANSACTIONS IN MONDI plc ORDINARY SHARES OF €0.22 EACH

 

On 3 May 2024, awards of shares took place under the Mondi plc Bonus Share Plan (BSP) and Long Term Incentive Plan (LTIP).

 

Mondi plc Bonus Share Plan

 

Date of transaction

3 May 2024

Class of share

Ordinary

Option price

Nil cost option

Vesting date

After the announcement of the final results for 2026, in early 2027

Additional Information

The share award under the BSP represents half of the Executive's total bonus as approved by the 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 trading days commencing with the announcement of results.

 

Mondi plc Long Term Incentive Plan

 

Date of transaction

3 May 2024

Class of share

Ordinary

Option price

Nil cost option

Vesting date

 

 

Holding Period

After the announcement of the final results for 2026, in early 2027, subject to achievement of the performance conditions

For the executive directors, any shares which vest will be subject to a two year holding period from the date of vesting

Performance conditions

50% ROCE, 25% TSR and 25% cumulative EPS each measured over the 3 financial years ending 31 December 2026

Additional Information

The LTIP award is based on a percentage of the Executive's salary as approved by the 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 trading days commencing with the announcement of results.

 

 

Mondi plc Long Term Incentive Plan - Marita Erler additional awards

  

Date of transaction

3 May 2024

Class of share

Ordinary

Option price

Nil cost option

Vesting date

 

 

 

14,105 shares will vest after the announcement of the final results for 2024, in early 2025, and 5,281 shares will vest after the announcement of the final results for 2025, in early 2026, subject to service conditions having been met. 8,298 shares will vest after the announcement of the final results for 2025, in early 2026, subject to achievement of the performance conditions

Performance conditions

The awards of the 14,105 shares and 5,281 shares above, are not subject to performance conditions.  The awards will vest subject to service conditions having been met. The award of 8,298 shares will be subject to performance conditions - 50% ROCE, 25% TSR and 25% cumulative EPS, each measured over the 3 financial years ending 31 December 2025.

Additional Information

These awards were approved by the Remuneration Committee, in accordance with the Company's Remuneration Policy, to replace variable pay awards forgone to join Mondi. The additional awards reflect the nature, time horizons and performance conditions attached to the awards forgone.

 

 

There follow notification forms for directors/PDMRs of Mondi plc.

 

 

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

 

 

 

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, Uncoated Fine Paper & South Africa

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

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