The Vanguard Group, Inc.: Significant Stake in Mondi plc Disclosed

The Vanguard Group, Inc. has disclosed a substantial position in Mondi plc, revealing ownership exceeding 4% of the company's shares. This announcement, dated 08 April 2024, is in compliance with the Takeover Code's Rule 8.3, emphasizing the importance of transparency in significant shareholdings.

According to the disclosure, The Vanguard Group, Inc. controls 21,465,792 shares of Mondi plc, which represents a 4.86% stake in the paper and packaging firm. This position was established by the latest reported date of 05 April 2024. In addition to Mondi plc, disclosures were also made regarding International Paper Company and Smith (DS) plc, indicating a broader interest in the sector.

The update also included details of a recent transaction involving the purchase of 2,529 shares of Mondi plc at a price of 13.99 GBP per share. This transaction contributes to the already significant holding by The Vanguard Group, Inc. in the company.

Moreover, the disclosure confirms there are no indemnity or dealing arrangements between The Vanguard Group, Inc. and any parties related to the offer. This information underscores the financial engagement of The Vanguard Group, Inc. in Mondi plc without any formal agreements influencing the decision-making process.