PR Newswire
LONDON, United Kingdom, May 03
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI ISIN: GB00BMWC6P49
JSE share code: MNP
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 Werbung Mehr Nachrichten zur Mondi plc ADR Aktie kostenlos abonnieren
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