Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
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 and Transparency and Listing Rules of the
United Kingdom Listing Authority.
Capitalised terms not defined in this announcement shall bear the meanings
ascribed to such terms in the Notices of the Annual General Meetings of Mondi
Limited and Mondi plc that were sent to Mondi Group shareholders on 26 March
2013.
17 July 2013
RESULTS OF THE ODD-LOT OFFER AND TRANSACTION IN OWN SHARES
Further to the implementation of the Odd-lot Offer to facilitate a reduction in
the number of ordinary shareholders holding fewer than 100 Mondi Limited
Ordinary Shares and/or fewer than 100 Mondi plc Ordinary Shares, Mondi
announces that, following closure of the Odd-lot Offer on 12 July 2013, the
following Ordinary Shares have been purchased today, being the implementation
date:
* the Mondi Incentive Schemes Trust Trustees have purchased 239,633 Mondi
Limited Ordinary Shares of no par value on the SA Register at a price of
13854.28 Rand cents per Ordinary Share;
* Mondi plc has purchased 96,591 Mondi plc Ordinary Shares of EUR0.20 per
share on the UK Register at a price of 965.43p per Ordinary Share. Where
Odd-lot Holders had elected to receive their funds in Euro the shares were
purchased at 1122.63 Euro cents per Ordinary Share; and
* Mondi plc has purchased 322,727 Mondi plc Ordinary Shares of EUR0.20 per
share on the SA Branch Register at a price of 13903.10 Rand cents per
Ordinary Share.
The Odd-lot Offer was launched in June 2013 to reduce Mondi's unusually large
number of shareholders for a group of its size. Following the implementation of
the Odd-lot Offer, the total number of shareholders has been reduced by
approximately 77% (52,714 shareholders); this reduction will reduce
administrative costs, including, for example, the costs of printing and
distributing financial statements, circulars and notices.
The Ordinary Shares purchased represent approximately 0.14% of the total number
of Ordinary Shares in issue.
The Mondi Limited Ordinary Shares on the SA Register were purchased directly by
the Mondi Incentive Schemes Trust Trustees and, therefore, there has been no
change to the issued Ordinary Share capital of Mondi Limited.
The Mondi plc Ordinary Shares on the UK Register and the SA Branch Register
have been purchased by Mondi plc and are currently held as treasury shares.
Following the above purchase, Mondi plc holds 419,318 Mondi plc Ordinary Shares
as treasury shares. The total number of Mondi plc Ordinary Shares in issue
(excluding shares held as treasury shares) is 366,821,487.
It is the intention that the Mondi plc Ordinary Shares purchased and currently
held as treasury shares will be transferred to the Mondi Employee Share Trust
on or around 24 July 2013.
Carol Hunt
Company Secretary, Mondi plc
Philip Laubscher
Company Secretary, Mondi Limited
About Mondi
Mondi is an international packaging and paper Group, with production operations
across 30 countries and revenue of €5.8 billion in 2012. The Group's key
operations are located in central Europe, Russia and South Africa and as at the
end of 2012, Mondi employed 25,700 people.
Mondi Group is fully integrated across the packaging and paper value chain,
from the growing of wood and the production of pulp and paper (packaging paper
and uncoated fine paper), to the conversion of packaging paper into corrugated
packaging, industrial bags, extrusion coatings and release liner. Mondi is also
a supplier of innovative consumer packaging solutions, advanced films and
hygiene products components.
Mondi Group has a dual listed company structure, with a primary listing on the
JSE Limited for Mondi Limited under the ticker code MND and a premium listing
on the London Stock Exchange for Mondi plc, under the ticker code MNDI. The
Group has been recognised for its sustainability through its inclusion in the
FTSE4Good Global, European and UK Index Series (since 2008) and the JSE's
Socially Responsible Investment (SRI) Index since 2007. The Group was also
included in the Carbon Disclosure Project's (CDP) FTSE 350 Carbon Disclosure
Leadership Index (CDLI) for the third year and in CDP's FTSE 350 Carbon
Performance Leadership Index (CPLI) for the first time in 2012.
Sponsor in South Africa: UBS South Africa (Pty) Ltd
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