The Vanguard Group, Inc. Discloses Stake in Mondi plc

The Vanguard Group, Inc., an influential global investor, has revealed a significant interest in Mondi plc as per the disclosure requirements of the UK's Takeover Code. This position, representing more than 1% of the relevant securities in Mondi plc, was publicized on 01 March 2024. The disclosure showcases The Vanguard Group's ownership and control over approximately 4.84% of Mondi plc's shares, amounting to 21,346,591 EUR 0.22 ordinary shares.

Additionally, The Vanguard Group reported the purchase of 19,608 shares of Mondi plc at a price of 14.09 GBP per share, a transaction that took place on 29 February 2024. This action is part of The Vanguard Group's ongoing adjustments to its investment portfolio.

Such disclosures are mandatory under Rule 8.3 of the Takeover Code, emphasizing transparency in the trading activities of entities that have significant interests in companies involved in takeover situations. The Vanguard Group's investment moves are closely watched by the market due to their potential influence on shareholder value and corporate direction.