The Vanguard Group, Inc. announces its position on Mondi plc

The Vanguard Group, Inc. publicly disclosed on February 21, 2024 its position in Mondi plc, in accordance with Rule 8.3 of the Takeover Code. This announcement reveals that The Vanguard Group holds a 4.82% stake in Mondi plc, represented by 21,295,712 ordinary shares with a nominal value of EUR 0.22 each. This quantification highlights the significance of The Vanguard Group's investment in this paper and packaging company.

In addition to its position in Mondi plc, The Vanguard Group also disclosed its interests in another company, Smith (DS) plc, suggesting a diversified investment strategy in the sector. No further details regarding subscription rights, options, or participation agreements were mentioned, indicating a direct approach to acquiring stakes.

The disclosure also mentions a specific purchase of 122 shares of Mondi plc at a price of 13.82 GBP per unit, illustrating active market transactions by The Vanguard Group. This major investor has not reported any arrangements or agreements that may influence its position or investment decisions regarding Mondi plc or any other party related to the offer. The transparency of this communication aligns with the disclosure practices required by current regulations.