Mondi
plc
Incorporated
in England and Wales
Registered
number: 6209386
Tax
registration number: 454 12394 14454
LEI:
213800LOZA69QFDC9N34
LSE share
code: MNDI
ISIN:
GB00B1CRLC47
JSE share
code: MNP
19 December 2023
Mondi
Group - Special Dividend ZAR/euro Exchange Rate
Shareholders
are referred to the circular published by Mondi plc
("Mondi"
or the "Company")
on Tuesday 19 December 2023
in respect of the proposed special dividend and associated share
consolidation and related matters (the "Circular").
On
19 December 2023, Mondi announced
that a special dividend of 160 euro
cents per ordinary share will be paid on Tuesday
13 February 2024
to all Mondi ordinary shareholders on either the UK main register
or the South African branch register on Friday
26 January 2024.
Mondi will
pay its dividend in euro. However, ordinary shareholders resident
in the United Kingdom will receive
the dividend in sterling (unless such shareholders have elected to
receive their dividend in euro). The last date for euro currency
elections will be Friday 26 January 2024.
The exchange rate applicable to euro/sterling elections will be set
on Thursday 1 February 2024.
Shareholders
holding their shares on the South African branch register will
receive the dividend in South African rand cents, converted at a
rate of EUR 1 to ZAR 20.26652. Therefore, the equivalent gross
special dividend in South African rand cents per ordinary share
will be 3,242.64320.
For
shareholders holding their shares on the South African branch
register, the dividend will, for South African dividends tax
purposes, be taxed like local dividends. As such, for South African
tax resident shareholders holding their shares on the South African
branch register, dividends withholding tax will be withheld from
the dividends payable to these shareholders at a rate of 20%,
unless a shareholder qualifies for an exemption, resulting in a net
dividend of 2,594.11456 South African rand cents per ordinary
share. Shareholders holding their shares on the South African
branch register who are not tax resident in South Africa are exempted from South African
dividends withholdings tax.
For the
purposes of South Africa dividends
tax reporting, the source of income for the payment of the dividend
is the United Kingdom.
As the
Company operates a Dividend Reinvestment Plan ("DRIP"),
eligible shareholders may have their special dividend reinvested in
additional ordinary shares in the Company. The eligibility
requirements, election periods and other pertinent details
regarding the DRIP are set out in the Circular and the declaration
announcement.
Additional
Information
The
special dividend will be paid from distributable
reserves.
Mondi had
a total of 485,553,780 ordinary shares in issue of which
222,104,667 were held on the South African branch register,
excluding treasury shares, at the dividend declaration date of
19 December 2023.
About
Mondi
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.
Legal
Notice
The
disclaimers, forward looking statements and important notices set
out in the long-form announcement released by the Company today,
19 December 2023, in relation to the
publication of the Circular and Notice of General Meeting relating
to a proposed Special Dividend and associated Share Consolidation,
are specifically incorporated by reference into this announcement
as if restated and repeated in this announcement in
full.