The Vanguard Group, Inc. Reports Position in Mondi plc

The Vanguard Group, Inc. disclosed its ownership in Mondi plc, revealing a significant stake in the company as of 25 March 2024. According to the filing, The Vanguard Group holds 21,381,692 ordinary shares, representing approximately 4.84% of Mondi plc. This disclosure was made under the UK's Takeover Code, which mandates the announcement of interests in securities exceeding the 1% threshold.

In addition to Mondi plc, The Vanguard Group also indicated its involvement with another party, Smith (DS) plc, related to the offer. The filing detailed a transaction where The Vanguard Group acquired 11,716 ordinary shares of Mondi plc at a price of 13.61 GBP per unit. This public opening position disclosure aims to maintain transparency in financial dealings related to significant stakes in companies undergoing offers or mergers.

The disclosure highlights the active engagement of investment entities like The Vanguard Group in the financial markets, emphasizing their role in major corporate transactions. As stipulated, all interests and short positions have been declared, contributing to the compliance and integrity of financial market operations.