2017 Final and Special Dividends ZAR/euro Excha...

Mondi Limited
Incorporated in the Republic of South Africa
Registered office: 4th Floor, No.3 Melrose Boulevard, Melrose Arch 2196, Gauteng, RSA
Registration number: 1967/013038/06
Tax registration number: 920/0017/71/4P
JSE share code: MND ISIN: ZAE000156550

Mondi plc
Incorporated in England and Wales
Registered office: 1st Floor, Building 1, Aviator Park, Station Road, Addlestone, Surrey KT15 2PG, UK
Registered number: 6209386
Tax registration number: 454 12394 14454
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

As part of the dual listed company structure, Mondi Limited and Mondi plc (together “Mondi Group”) notify both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings Requirements of the JSE Limited and/or the Disclosure Guidance and Transparency and Listing Rules of the United Kingdom Listing Authority.

2 March 2018

Mondi Group – 2017 Final Ordinary and Special Dividends ZAR/euro Exchange Rate

On 2 March 2018 Mondi Group announced, in its Preliminary Results announcement, that a proposed final ordinary dividend for the year ended 31 December 2017 of 42.90 euro cents per ordinary share will be paid on 25 May 2018 to all Mondi Limited and Mondi plc ordinary shareholders on the relevant registers on 4 May 2018.

In addition, Mondi Group announced that a proposed special dividend of 100.00 euro cents per ordinary share will be paid on 25 May 2018 to all Mondi Limited and Mondi plc ordinary shareholders on the relevant registers on 4 May 2018, following the same timetable as the proposed final ordinary dividend.

The final ordinary and special dividends are subject to the approval of the shareholders of Mondi Limited and Mondi plc at the respective annual general meetings scheduled for 16 May 2018.

Mondi Limited and Mondi plc will pay their respective dividends as follows:

Mondi Limited

Mondi Limited will pay its final ordinary and special dividends in South African rand cents. The applicable exchange rate is EUR 1 to ZAR 14.58592.

Therefore, the equivalent gross final ordinary dividend in rand cents per ordinary share will be 625.73597 and the equivalent gross special dividend in rand cents per ordinary share will be 1,458.59200. Dividend tax will be withheld from Mondi Limited shareholders at a rate of 20%, unless a shareholder qualifies for an exemption, resulting in a net final ordinary dividend of 500.58878 rand cents per ordinary share and a net special dividend of 1,166.87360 rand cents per ordinary share.

Mondi plc

Mondi plc will pay its final ordinary and special dividends in euro. 

However, ordinary shareholders resident in the United Kingdom will receive the final ordinary and special dividends in sterling (unless shareholders have elected to receive their dividends in euro). The last date for euro currency elections will be 4 May 2018. The exchange rate for this payment will be set on 8 May 2018.

In addition, Mondi plc South African branch register shareholders will receive the final ordinary and special dividends in South African rand cents, converted at a rate of EUR 1 to ZAR 14.58592. Therefore, the equivalent gross final ordinary dividend in rand cents per ordinary share will be 625.73597 and the equivalent gross special dividend in rand cents per ordinary share will be 1,458.59200. Dividend tax will be withheld from Mondi plc South African branch register shareholders at a rate of 20%, unless a shareholder qualifies for an exemption, resulting in a net final ordinary dividend of 500.58878 rand cents per ordinary share and a net special dividend of 1,166.87360 rand cents per ordinary share.

Additional Information

The final ordinary and special dividends will be paid from income reserves.

Mondi Limited had a total of 118,312,975 ordinary shares in issue and Mondi plc 367,240,805 ordinary shares in issue of which 92,873,408 were held on the branch register, excluding treasury shares, at the final ordinary and special dividend recommendation date of 2 March 2018.

Sponsor in South Africa: UBS South Africa (Pty) Ltd