The Vanguard Group, Inc. Discloses Stake in Mondi plc

The Vanguard Group, Inc. has announced its holding in Mondi plc, revealing a significant stake of 4.84% in the company, through a Form 8.3 filing with the relevant authorities. The disclosure, which was made public on 12 March 2024, highlights The Vanguard Group's interests and short positions in the packaging and paper firm's securities as of 11 March 2024.

In addition to Mondi plc, The Vanguard Group also made disclosures in relation to another party, Smith (DS) plc, indicating the group's strategic interest in the sector. The filing details their possession of 21,359,629 ordinary shares, representing a 4.84% stake. Moreover, it was reported that The Vanguard Group engaged in a minor transaction, purchasing 122 ordinary shares of Mondi plc at a price of 13.49 GBP each.

The Vanguard Group, a prominent investment management firm, has not reported any indemnity, option arrangement, or any dealing agreements that might influence their dealings. This move is part of the Group's regular investment activities and indicates their confidence in Mondi plc's performance and future prospects.