Mondi's Simplification of Corporate Structure Becomes Effective
Print this Article | Send to Colleague
Mondi confirmed this week it has completed the simplification of its dual listed company structure into a single holding company structure under Mondi plc. Mondi Limited is now a subsidiary of Mondi plc and the dual listed company arrangements between Mondi plc and Mondi Limited have now been terminated. Dealings in new Mondi plc shares commenced today on the London Stock Exchange and Johannesburg Stock Exchange.
Following the admission of 118,312,975 new Mondi plc shares, Mondi plc’s share capital today consists of 485,553,780 ordinary shares of €0.20 each. Mondi plc holds no shares in treasury and therefore, the total number of shares with exercisable voting rights in Mondi plc is 485,553,780. This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest, or a change to their interest, in Mondi plc under the FCA’s Disclosure Guidance and Transparency Rules.
