Mondi PLC Director/PDMR Shareholding

 
TIDMMNDI 
 
Mondi plc 
(Incorporated in England and Wales) 
(Registered number: 6209386) 
LEI: 213800LOZA69QFDC9N34 
LSE share code: MNDI       ISIN: GB00B1CRLC47 
JSE share code: MNP 
 
2 December 2020 
 
TRANSACTIONS IN MONDI plc ORDINARY SHARES OF EUR0.20 EACH 
 
On 2 December 2020, an award of shares took place under the Mondi plc Long Term 
Incentive Plan (LTIP). 
 
Mondi plc Long Term Incentive Plan 
 
Date of transaction           2 December 2020 
 
Class of share                Ordinary 
 
Option price                  Nil cost option 
 
Vesting date                  69,211 shares will vest in March 2022 and 
                              39,427 shares will vest in March 2023, 
                              subject to achievement of the performance 
                              conditions. 
 
Holding Period                Any shares which vest will be subject to a 
                              two year holding period from the date of 
                              vesting. 
Performance conditions 
                              The vesting of these awards is subject to 
                              performance against a combination of total 
                              shareholder return (TSR) and return on 
                              capital employed (ROCE) performance targets. 
                              The grant of 69,211 shares will be assessed 
                              based on performance over the three 
                              financial years to 2021, and the grant of 
                              39,427 shares based on three financial years 
                              to 2022. The performance targets are as 
                              disclosed for these performance periods in 
                              the Company's previous Directors' 
                              Remuneration Reports. 
 
Additional Information        These awards were approved by the 
                              Remuneration Committee, in accordance with 
                              the Company's Remuneration Policy, to 
                              replace variable remuneration at Mike's 
                              previous employer which was forfeited in 
                              order to join the Group. Further details 
                              will be disclosed in the Director's 
                              Remuneration Report for the current 
                              financial year. 
 
There follows a notification form for a director of Mondi plc. 
 
Sponsor in South Africa: UBS South Africa (Pty) Ltd 
 
1   Details of the person discharging managerial responsibilities ("PDMR") 
    (or their person closely associated ("PCA")) / restricted person 
 
a)  Name                    Mike Powell 
 
2   Reason for the notification 
 
a)  Position/status         Group CFO 
 
b)  Initial notification /  Initial notification 
    Amendment 
 
3   Details of the issuer, emission allowance market participant, auction 
    platform, auctioneer or auction monitor 
 
a)  Name                    Mondi plc 
 
b)  LEI                     213800LOZA69QFDC9N34 
 
4   Details of the transaction(s): section to be repeated for (i) each type 
    of instrument; (ii) each type of transaction; (iii) each date; and (iv) 
    each place where transactions have been conducted 
 
a)  Description of the      Ordinary shares of EUR0.20 each 
    financial instrument, 
    type of instrument 
                            GB00B1CRLC47 
    Identification code 
 
b)  Nature of the           Grant of shares as options under the Mondi plc 
    transaction             Long Term Incentive Plan 
 
c)  Price(s) and volume(s)      Transaction(s)    Price(s)    Volume(s) 
 
                            (1) Grant             Nil         69,211 
 
                                Grant             Nil         39,427 
                            (2) 
 
 
d)  Aggregated information 
    - Aggregated volume     (1) 69,211 
                            (2) 39,427 
 
    - Price                 (1) Nil 
                            (2) Nil 
 
e)  Date of transaction     2020-12-02 
 
f)  Place of the            Outside trading venue - off market 
    transaction 
 
 
 
END 
 

(END) Dow Jones Newswires

December 02, 2020 10:50 ET (15:50 GMT)