The Vanguard Group, Inc. Discloses Stake in Mondi plc

The Vanguard Group, Inc., a significant figure in the global investment sector, reported a noticeable position in Mondi plc, a leading packaging and paper company. According to the disclosure made on 25 March 2024, The Vanguard Group now holds 4.84% of Mondi plc's shares, equating to a total of 21,369,976 shares. This ownership detail was shared in accordance with Rule 8.3 of the Takeover Code, which mandates public disclosure by individuals or entities with interests in relevant securities amounting to 1% or more.

As part of the same disclosure, it was noted that The Vanguard Group also has dealings with Smith (DS) plc, indicating its active engagement in significant sectors beyond Mondi plc. The report specifies that The Vanguard Group engaged in a purchasing transaction involving 6,671 shares of Mondi plc at a price of 13.63 GBP per unit on 22 March 2024.

No additional dealings in derivatives or other securities related to Mondi plc were reported by The Vanguard Group as per the latest disclosure. There were also no indemnity, option arrangements, or agreements related to the disclosed securities, emphasizing the straightforward nature of The Vanguard Group's investment in Mondi plc.