| Mon 21 May 2012, 11:15 | | MND\MNP - Mondi Limited\ Mondi plc - Mondi Group c |
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MND MNP
MND MNP
MND\MNP - Mondi Limited\ Mondi plc - Mondi Group completes acquisition of
minority interest in Mondi Swiecie S.A.
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)
(Registration number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
21 May 2012
As part of the dual listed company structure, Mondi Limited and Mondi plc
(together "Mondi Group") notify both the JSE Limited ("JSE") and the London
Stock Exchange of matters required to be disclosed under the JSE Listings
Requirements and/or the Disclosure Rules and Transparency Rules and/or the
Listing Rules of the United Kingdom Listing Authority.
Mondi Group completes acquisition of minority interest in Mondi Swiecie S.A.
Mondi Group announces that on 18 May 2012 it acquired the remaining 3,407,257
shares in Mondi Swiecie S.A. ("Mondi Swiecie") it did not already own following
the completion of the all cash public tender offer ("Offer") concluded on 18
April 2012. Mondi Group now owns 100% of Mondi Swiecie.
The consideration for the remaining 3,407,257 shares paid by Mondi Group was
PLN245m (EUR59m). The aggregate consideration paid by Mondi Group for those
shares representing 34% of the share capital of Mondi Swiecie which Mondi Group
did not already own before making the Offer, was PLN1.2bn (EUR294m).
Mondi Group will commence the procedure aimed at the delisting of Mondi
Swiecie`s shares from the Warsaw Stock Exchange.
/ends
Contact:
Mondi Group
Lora Rossler
Group Corporate Affairs Manager
Tel: +27 (0)31 451 2111 or +27 (0)83 627 0292
E-mail: lora.rossler@mondigroup.co.za
Andrew King
Group CFO
Tel: +27 (0)11 994 5415
E-mail: andrew.king@mondigroup.com
Editors` notes
About Mondi:
Mondi is an international paper and packaging Group, with production operations
across 28 countries and revenues of Euro5.7 billion in 2011. The Group`s key
operations are located in central Europe, Russia and South Africa and as at the
end of 2011, Mondi employed 23,400 people.
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. 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. Mondi was also included in the
FTSE350 Carbon Disclosure Leadership Index for the second year.
Sponsor: UBS South Africa (Pty) Ltd
Date: 21/05/2012 08:00:01 Produced by the JSE SENS Department.
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