Mondi PLC Interim Dividends ZAR/euro Exchange Rate

 
TIDMMNDI 
 
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 
 
6 August 2020 
 
Mondi Group - Interim Dividends ZAR/euro Exchange Rate 
 
This morning in our half-year results announcement we announced the Board was 
pleased to resume the payment of dividends. The Board has declared a dividend 
of 29.75 euro cents per ordinary share relating to the year ended 31 December 
2019. In addition, the Board has declared an interim dividend of 19.00 euro 
cents per ordinary share for the year ending 31 December 2020. 
 
Both dividends, amounting to a total of 48.75 euro cents per share, will be 
paid as interim dividends on Tuesday 29 September 2020 to all Mondi plc 
ordinary shareholders on either the UK main register or the South African 
branch register on Friday 21 August 2020. 
 
The same timetable will be followed for both. 
 
Mondi plc will pay its dividends in euro. However, ordinary shareholders 
resident in the United Kingdom will receive the dividends in sterling (unless 
shareholders have elected to receive their dividend in euro). The last date for 
euro currency elections will be Monday 7 September 2020. The exchange rate will 
be set on Tuesday 15 September 2020. 
 
Shareholders holding their shares on the South African branch register will 
receive the dividends in South African rand cents, converted at a rate of EUR 1 
to ZAR 20.80457. Therefore, the equivalent gross dividend relating to the year 
ended 31 December 2019 in rand cents per ordinary share will be 618.93596 and 
the equivalent gross 2020 interim dividend in rand cents per ordinary share 
will be 395.28683. 
 
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 
relating to the year ended 31 December 2019 of 495.14877 rand cents per 
ordinary share and a net 2020 interim dividend of 316.22946 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 dividends is the United Kingdom. 
 
Additional Information 
 
The interim dividends will be paid from income reserves. 
 
Mondi plc had a total of 485,553,780 ordinary shares in issue of which 
135,556,939 were held on the branch register, excluding treasury shares, at the 
dividend declaration date of 6 August 2020. 
 
About Mondi 
 
Mondi is a global leader in packaging and paper, contributing to a better world 
by making innovative, packaging and paper solutions that are sustainable by 
design. Our business is fully integrated across the value chain - from managing 
forests and producing pulp, paper and plastic films, to developing and 
manufacturing effective industrial and consumer packaging solutions. 
Sustainability is at the centre of our strategy and intrinsic in the way we do 
business. We lead the industry with our customer- centric approach, 
EcoSolutions, where we ask the right questions to find the most sustainable 
solution. In 2019, Mondi had revenues of EUR7.27 billion and underlying EBITDA of 
EUR1.66 billion. 
 
Mondi has a premium listing on the London Stock Exchange (MNDI), and a 
secondary listing on the JSE Limited (MNP). Mondi is a FTSE 100 constituent, 
and has been included in the FTSE4Good Index Series since 2008 and the FTSE/JSE 
Responsible Investment Index Series since 2007. 
 
Sponsor in South Africa: UBS South Africa Proprietary Limited. 
 
 
 
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(END) Dow Jones Newswires

August 06, 2020 08:27 ET (12:27 GMT)