La Vanguard Group, Inc. announces a significant position in Mondi plc

La Vanguard Group, Inc. publicly disclosed its position in Mondi plc on February 23, 2024, revealing a substantial interest in the company. In accordance with the Takeover Code, the disclosure indicates a controlling stake of 21,295,887 shares, representing 4.82% of Mondi plc's equity. This position is the result of market activities up to February 22, 2024.

The announcement also details a recent transaction where La Vanguard Group, Inc. purchased 175 Mondi plc shares at a price of 14.11 GBP per share. The disclosure emphasizes the absence of any significant agreements or arrangements that could indicate an incentive for buying or selling the mentioned securities.

In addition to Mondi plc, La Vanguard Group, Inc. also discloses positions in other entities, specifically mentioning Smith (DS) plc. However, this report focuses exclusively on their investment in Mondi plc, providing no further information on any transactions or positions in Smith (DS) plc.

The shared data highlights the significance of strategic moves made by major institutional investors in the financial markets, revealing the potential impact on the involved companies.