| Fri 25 Mar 2011, 17:08 | | MND/MNP - Mondi - Transactions in Shares |
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MND MNP
MND MNP
MND/MNP - Mondi - Transactions in Shares
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000097051
Mondi plc
(Incorporated in England and Wales)
(Registration 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
notify both the JSE Limited and the London Stock Exchange of those interests
(and changes to those interests) of directors of both entities and the
respective company secretaries, persons discharging managerial
responsibilities across the group and, in certain instances, the directors of
major subsidiaries of Mondi Limited in the securities of Mondi Limited and
Mondi plc which are required to be disclosed under the JSE Listings
Requirements and/or the Disclosure and Transparency Rules of the United
Kingdom Listing Authority.
In accordance with Rules 3.63-3.74 of the JSE Listings Requirements and/or
Disclosure and Transparency Rules 3.1.4R(1)(a), we advise of the following:
TRANSACTIONS IN MONDI plc ORDINARY SHARES OF Euro0.20 EACH
1. Conditional awards of shares under the Mondi Long Term Incentive Plan
granted to directors of Mondi Limited and Mondi plc, the Company Secretary of
Mondi plc and Persons Discharging Managerial Responsibility
Name Position Number of Shares
David Hathorn Director 180,479
Carol Hunt Company Secretary 26,814
Andrew King Director 69,614
Peter Machacek PDMR 96,245
Peter Oswald Director 153,991
Ron Traill PDMR 69,147
Date and place of transaction 25 March 2011, London
Date of notification to issuer 25 March 2011
Type of option Long Term Incentive Plan
Class of share Ordinary
Option price Nil cost award
Vesting date After the announcement of the final
results for 2013 in early 2014
Performance conditions One half TSR and one half ROCE each
measured over the 3 financial years
ending 31 December 2013.
Additional Information The LTIP award is based on a
percentage of the Executive`s
salary as approved by the Mondi DLC
Remuneration Committee. In line
with the standard methodology
adopted each year, the number of
shares under award is determined
with reference to the average share
price over three days commencing
with the announcement of results.
2. Conditional awards of shares under the Mondi Bonus Share Plan granted to
directors of Mondi Limited and Mondi plc, the Company Secretary of Mondi plc
and Persons Discharging Managerial Responsibility
Name Position Number of Shares
David Hathorn Director 66,689
Carol Hunt Company Secretary 11,603
Andrew King Director 29,269
Peter Machacek PDMR 40,631
Peter Oswald Director 66,504
Ron Traill PDMR 29,722
Date and place of transaction 25 March 2011, London
Date of notification to issuer 25 March 2011
Type of option Bonus Share Plan
Class of share Ordinary
Option price Nil cost award
Vesting date After the announcement of the final
results for 2013 in early 2014
Additional Information The share award under the BSP
represents half of the Executive`s
total bonus as approved by the
Mondi DLC Remuneration Committee.
In line with the standard
methodology adopted each year, the
number of shares under award is
determined with reference to the
average share price over three days
commencing with the announcement of
results.
3. Acquisition of shares by a Person Discharging Managerial Responsibility as
the result of a share award
Name Ladimir Pellizzaro
Date and place of transaction 25 March 2011, London
Date of notification to issuer 25 March 2011
Class of share Ordinary
Number of shares 11,361
Option price Nil cost award
Additional Information In accordance with Mr
Pellizzaro`s employment
agreement, 40% of the after-tax
value of any annual bonus is paid
to him in Mondi plc shares which
he is required to retain for the
duration of his employment with
Mondi. In line with the standard
methodology adopted each year,
the number of shares under award
is determined with reference to
the average share price over
three days commencing with the
announcement of results.
TRANSACTIONS IN MONDI LIMITED ORDINARY SHARES OF ZAR0.20 EACH
1. Conditional awards of shares under the Mondi Long Term Incentive Plan
granted to directors of Mondi Limited and Mondi plc and the Company Secretary
of Mondi Limited
Name Position Number of Shares
David Hathorn Director 80,749
Andrew King Director 29,762
Philip Laubscher Company Secretary 24,465
Date and place of transaction 25 March 2011, South Africa
Date of notification to issuer 25 March 2011
Type of option Long Term Incentive Plan
Option price Nil cost award
Class of share Ordinary
Vesting date After the announcement of the final
results for 2013 in early 2014
Performance conditions One half TSR and one half ROCE each
measured over the 3 financial years
ending 31 December 2013.
Additional Information The LTIP award is based on a
percentage of the Executive`s
salary as approved by the Mondi DLC
Remuneration Committee. In line
with the standard methodology
adopted each year, the number of
shares under award is determined
with reference to the average share
price over three days commencing
with the announcement of results.
2. Conditional awards of shares under the Mondi Bonus Share Plan granted to
directors of Mondi Limited and Mondi plc and the Company Secretary of Mondi
Limited
Name Position Number of Shares
David Hathorn Director 29,838
Andrew King Director 13,096
Philip Laubscher Company Secretary 9,832
Date and place of transaction 25 March 2011, South Africa
Date of notification to issuer 25 March 2011
Type of option Bonus Share Plan
Class of share Ordinary
Option price Nil cost award
Vesting date After the announcement of the final
results for 2013 in early 2014
Additional Information The share award under the BSP
represents half of the Executive`s
total bonus as approved by the
Mondi DLC Remuneration Committee.
In line with the standard
methodology adopted each year, the
number of shares under award is
determined with reference to the
average share price over three days
commencing with the announcement of
results.
The requisite approval for the granting of the awards has been obtained.
25 March 2011
Sponsor: UBS South Africa (Pty) Ltd
Date: 25/03/2011 17:00:02 Produced by the JSE SENS Department.
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