Mondi
plc
(Incorporated in England and
Wales)
(Registered
number:
6209386)
LEI: 213800LOZA69QFDC9N34
JSE share
code: MNP ISIN:
GB00B1CRLC47
LSE share
code: MNDI
NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN,
INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT
JURISDICTION.
THIS
ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
FOR
IMMEDIATE RELEASE.
4 October 2023
Mondi
completes sale of Mondi Syktyvkar, concluding Russian
exit.
On
17 September 2023 Mondi plc ("Mondi")
announced the agreement to sell its last remaining facility in
Russia, Joint Stock Company Mondi
Syktyvkar, together with two affiliated entities (together "Mondi
Syktyvkar") to Sezar Invest LLC ("Sezar Invest") for a total cash
consideration of RUB 80
billion.
Mondi is
pleased to confirm closing has been accelerated and the sale has
now completed.
Mondi has
therefore concluded its exit from Russia.
Mondi has
received RUB 57 billion into its
London bank account and it is in
possession of a letter of credit for the final RUB 23 billion, which will be paid in two equal
instalments in each of November and December
2023.
It is
intended that the net proceeds from the sale of all Mondi's Russian
assets will be distributed to Mondi shareholders in a timely manner
once the final instalments of the consideration in respect of Mondi
Syktyvkar have been received.
-
END
-
Enquiries
Investors/analysts:
Fiona Lawrence
+44
7425 878 683
Mondi
Group Head of Investor Relations
Media:
Chris Gurney +44
7990 043 764
Mondi
Group Head of Corporate Communication
Richard Mountain (FTI Consulting) +44
7909 684 466
Editor's
notes
Mondi is a
global leader in packaging and paper, contributing to a better
world by making innovative solutions that are sustainable by
design. Our business is integrated across the value chain - from
managing forests and producing pulp, paper and films, to developing
and manufacturing sustainable consumer and industrial packaging
solutions using paper where possible, plastic when useful.
Sustainability is at the centre of our strategy, with our ambitious
commitments to 2030 focused on circular driven solutions, created
by empowered people, taking action on climate.
In 2022,
Mondi had revenues of €8.9 billion and underlying EBITDA of €1.8
billion from continuing operations, and employed 22,000 people
worldwide. Mondi has a premium listing on the London Stock Exchange
(MNDI), where the Group is a FTSE100 constituent, and also has a
secondary listing on the JSE Limited (MNP).
Sponsor in
South Africa: Merrill Lynch South
Africa Proprietary Limited t/a BofA Securities.