The Vanguard Group, Inc. Discloses Stake in Mondi plc

The Vanguard Group, Inc. has reported its latest position in Mondi plc, a leading global packaging and paper group. According to a public opening position disclosure filed on February 29, 2024, The Vanguard Group now controls a 4.83% interest in Mondi plc, totaling 21,326,983 shares.

This disclosure is part of the regulatory requirements under Rule 8.3 of the Takeover Code, which mandates that any person holding interests in relevant securities representing 1% or more must publicly disclose their positions. The filing also mentioned dealings with EUR 0.22 ordinary shares of Mondi plc, where The Vanguard Group made a purchase of 4,703 shares at a price of 14.10 GBP each on February 28, 2024.

In addition, The Vanguard Group disclosed its interests in another party to the offer, Smith (DS) plc. This move underscores the firm's active engagement in the securities market. The Vanguard Group stated that there are no indemnity or dealing arrangements related to this disclosure, ensuring transparency and compliance with the regulatory standards.