The Vanguard Group, Inc. Reports Ownership in Mondi plc

The Vanguard Group, Inc. has publicly disclosed its significant stake in Mondi plc as of 13 March 2024, according to a Form 8.3 filing with regulatory authorities. The Vanguard Group now controls 4.84% of Mondi plc's shares, representing a total of 21,366,001 shares in the company. This position marks The Vanguard Group as a substantial investor in the paper and packaging industry giant.

The disclosure also indicated a purchase of 3,108 shares at a price of 13.18 GBP per share, signaling active management of its investment in Mondi plc. This move is part of their broader investment strategy within the sector. Moreover, in addition to Mondi plc, The Vanguard Group also has disclosed interests in Smith (DS) plc, highlighting their investment activities in related sectors.

As required by the Takeover Code, The Vanguard Group declared no affiliations with Mondi plc other than its investment stake. Furthermore, no indemnity, option arrangements, or agreements related to the securities were reported, underlining the straightforward nature of the investment. The disclosure asserts The Vanguard Group's position in the market and provides transparency regarding its investment portfolio.