The Vanguard Group, Inc. Announces Ownership in Mondi plc

The Vanguard Group, Inc. disclosed its significant stake in Mondi plc according to the Form 8.3 public opening position disclosure, which is a requirement for entities holding interests in relevant securities representing 1% or more. This disclosure comes under the Rule 8.3 of the Takeover Code. As of 02 April 2024, The Vanguard Group, Inc. reported owning a total of 21,395,390 relevant securities, translating to a 4.85% stake in Mondi plc. This position showcases the investment firm's substantial interest in the packaging and paper company.

Additionally, The Vanguard Group, Inc. also reported dealings in Mondi plc’s EUR 0.22 ordinary shares, where they purchased 10,502 securities at a price of 13.72 GBP per unit. Besides Mondi plc, The Vanguard Group has disclosed interests concerning the International Paper Company and Smith (DS) plc, signifying the firm's active participation in the market and showing its diverse investment portfolio in the sector.

The disclosure did not include any irrevocable commitments or letters of intent, suggesting a straightforward investment without any specific arrangements or understanding that might induce the trading of these securities. This transparency aligns with market regulations and provides clarity on The Vanguard Group's financial activities and strategic interests.