| Tue 14 Feb 2012, 15:00 | | MND/MNP - Mondi - Arbitration court ruling clears way for Mondi Swiecie`s |
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MND MNP
MND MNP
MND/MNP - Mondi - Arbitration court ruling clears way for Mondi Swiecie`s
acquisition of Saturn Management Sp. z o.o.
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
Arbitration court ruling clears way for Mondi Swiecie`s acquisition of Saturn
Management Sp. z o.o.
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 and/or the Disclosure and Transparency and Listing Rules of the United
Kingdom Listing Authority.
Mondi Group wishes to draw attention to subsidiary Mondi Owiecie S.A.`s
announcement confirming that a ruling in its favour has been made by the
Arbitration Court concerning its intention to exercise an option to acquire 100%
of the shares in Saturn Management Sp. z o.o (SM).
On 7 February 2011 Mondi Group advised of Mondi Owiecie S.A.`s intention to
exercise its option to acquire 100% of the shares in Saturn Management Sp. z
o.o. The transaction was subject to obtaining a ruling from the Arbitration
Court of the National Chamber of Commerce in Poland confirming that the
Voluntary Call Option (as provided for in an Agreement between the parties dated
29 April 2002) remains binding on the conditions set out in the claim, including
inter alia the determination of the purchase price.
Contact details:
Mondi Group
David Hathorn +27 (0)11 994 5418
Andrew King +27 (0)11 994 5415
Lora Rossler +27 (0)31 451 2111 /
+27 (0)83 627 0292
FTI Consulting
Richard Mountain +44 20 7269 7186 /
+44 20 7909 684 466
Chloe Webb +27 (0)11 214 2421
Editors` notes:
Mondi is an international paper and packaging Group, with production operations
across 31 countries and revenues of Euro6.2 billion in 2010. The Group`s key
operations are located in central Europe, Russia and South Africa and as at the
end of 2010, Mondi employed 29,000 people. (2010 figures include Mpact Limited).
Mondi is fully integrated across the paper and packaging process, from the
growing of wood and the manufacture of pulp and paper (including recycled
paper), to the conversion of packaging papers into corrugated packaging,
industrial bags and coatings.
The Group is principally involved in the manufacture of packaging paper,
converted packaging products and uncoated fine paper (UFP).
Mondi 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, as well as a
secondary listing for Mondi plc on the JSE under the ticker code MNP. The Group
has been recognised for its sustainability through its inclusion in the
FTSE4Good UK, Europe and Global indices in 2008, 2009 and 2010 and the JSE`s
Socially Responsible Investment (SRI) Index in 2007, 2008, 2009 and 2010.
14 February 2012
Sponsor: UBS South Africa (Pty) Ltd
Date: 14/02/2012 15:00:02 Produced by the JSE SENS Department.
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