At the Mondi Limited and Mondi plc Annual General Meetings held on 3 May 2013 Mondi obtained shareholder approval to undertake an Odd-lot Offer. The Odd-lot Offer was implemented on 17 July 2013.
The Odd-lot Offer was to facilitate a reduction in the number of ordinary shareholders holding fewer than 100 Mondi Limited ordinary shares and/or fewer than 100 Mondi plc ordinary shares in an equitable way.
The Odd-lot Offer:
The Odd-lot Offer opened on 10 June 2013 and closed on 12 July 2013. To be eligible to participate shareholders had to have held less than 100 Mondi Limited Ordinary Shares and/or less than 100 Mondi plc Ordinary Shares on both the First Record Date (12 April 2013) and also on the Second Record Date (7 June 2013).
Unless eligible Odd-lot Holders expressly elected to retain their shares, the shares were purchased by Mondi and payments issued on 24 July 2013.
After the close of the Odd-lot Offer the following Ordinary Shares were purchased:
Following implementation of the Odd-lot Offer, the total number of shareholders was reduced by approximately 77% (52,714 shareholders). The Ordinary Shares purchased represented approximately 0.14% of the total number of Ordinary Shares in issue.
The Mondi Limited Ordinary Shares on the SA Register were purchased directly by the Mondi Incentive Schemes Trust Trustees and, therefore, there was no change to the issued Ordinary Share capital of Mondi Limited.
The Mondi plc Ordinary Shares on the UK Register and the SA Branch Register were initially purchased by Mondi plc and held as treasury shares. Mondi plc then transferred the shares to the Mondi Employee Share Trust. There was, therefore, no change to the issued Ordinary Share capital of Mondi plc.
If you were an eligible Odd-lot Holder and have any queries relating to your shares please contact either the SA Transfer Secretary (Registrar) or UK Registrar, as appropriate. Their contact details can be found on the shareholder information page.