The Group will target a dividend cover range of two to three times on average over the cycle, although the payout ratio in each year will vary in accordance with the business cycle. The payment of dividends will be conditional on the Group having sufficient distributable reserves.

Ordinary dividends paid by Mondi plc will generally be paid in euros and ordinary dividends paid by Mondi Limited will generally be paid in rand.

The directors intend that the final and interim dividends will generally be paid in May and September in the approximate proportions of two-thirds (final dividend) and one-third (interim dividend).

Currency

All dividends are declared in euro but are paid in the following currencies:

Mondi Limited 

South African rand

Mondi plc

 euro

Mondi plc (UK residents)

 pounds Sterling
Mondi plc (South African residents)

 South African rand

  • Mondi plc shareholders on the UK register resident in the UK may elect to receive their dividends in euro
  • Mondi plc shareholders on the UK register resident outside the UK may elect to receive their dividends in pounds sterling

Mondi plc shareholders on the UK register wishing to elect to receive their dividends in an alternative currency should contact Capita Asset Services using the details provided.

Method of Payment

Mondi encourages shareholders to have their dividends paid directly into their bank accounts.

This means that the dividend will reach your bank accounts more securely and on the payment date without the inconvenience of depositing a cheque.

  • Mondi Limited shareholders and Mondi plc shareholders on the South African branch register

    Mondi Limited shareholders and Mondi plc shareholders on the South African branch register may only set up a bank mandate if they have a South African bank account.

    Those shareholders with a South African bank account wishing to set up a mandate should complete the Bank Mandate form which can be downloaded from our Shareholder Administration page for Mondi Limited shareholders and Mondi plc shareholders on the South African branch register.

    Shareholders without a South African bank account may like to consider dematerialising their shares with a Central Securities Depository Participant (CSDP) in South Africa as they are often able to pay dividends into foreign banks.

    By dematerialising your shares you will be surrendering your share certificate in order to hold your shares electronically. In South Africa, electronic shares are held by a CSDP such as Link Investor Services.

    If you have any queries related to the payment of dividends or dematerialisation, please contact our transfer secretary (registrar), Link Market Services South Africa Proprietary Limited, using the contact details provided on our Shareholder Administration page for Mondi Limited shareholders or Mondi plc shareholders on the South African branch register.

  • Mondi plc shareholders

    Shareholders in the UK wishing to have their dividends paid directly into a bank or building society account can contact our registrar, Capita Asset Services (Capita), to obtain a Bank Mandate form or log on to the Capita Share Portal (Share Portal).

    Shareholders outside the UK may be able to take advantage of the International Payment Service offered by Capita. The service can convert your dividend into your local currency and pay it quickly and securely in to your bank account or send it to you as a currency draft. A fee of £5 is charged per dividend for this service and is available to private shareholders receiving a dividend of £10 or more.

    You can also find out more and sign up for this service online via the Capita Share Portal.

    To contact Capita and for more information on the Share Portal, contact details for Capita are provided on our Shareholder Administration page for Mondi plc shareholders on the UK register.

Dividend Reinvestment Plan (DRIP)

The dividend reinvestment plans provide an opportunity for shareholders to have their Mondi Limited and Mondi plc cash dividends reinvested in Mondi Limited and Mondi plc ordinary shares respectively.

The plans are available to all Mondi Limited and Mondi plc ordinary shareholders (excluding those in certain restricted jurisdictions). Please note that fees may apply

  • Mondi Limited shareholders and Mondi plc shareholders on the South African branch register

    Mondi Limited shareholders and Mondi plc shareholders on the South African branch register who are eligible should read the applicable DRIP terms and conditions and complete the relevant DRIP application form which can be found on the Shareholder Administration page for Mondi Limited shareholders and Mondi plc shareholders on the South African branch register.

    Please note, Mondi Limited shareholders and Mondi plc shareholders on the South African branch register resident in the US or Canada cannot participate in the DRIP. However, an underlying or beneficial shareholder holding their shares in dematerialised form should contact their broker or CSDP to see if they can participate on their behalf. It is the responsibility of the individual joining the DRIP to ensure that any local tax or legal obligations are complied with.

    If you have any queries related to the dividend reinvestment plans please contact our transfer secretary (registrar), Link Market Services South Africa Proprietary Limited, also using the contact details provided on our Shareholder Administration page for Mondi Limited shareholders and Mondi plc shareholders on the South African branch register.

  • Mondi plc shareholders

    Mondi plc shareholders in the UK are eligible for the dividend reinvestment plan (DRIP). Mondi plc shareholders in certain countries located outside the UK may also be able to participate.

    Please note, Mondi plc shareholders on the UK register resident in the US cannot participate in the DRIP. However, if the shareholder holds through a nominee resident in the UK (or EEA) then it may be possible for the nominee as the registered holder to participate on behalf of their client who is the underlying shareholder registered in the US. It is the responsibility of the individual joining the DRIP to ensure that any local tax or legal obligations are complied with.

    To find out if you are able to participate in the DRIP, to sign up and for more information, please contact our registrar, Capita Asset Services, or log in to the Capita Share Portal. Contact details are provided on our Shareholder Administration page for Mondi plc shareholders on the UK register.

Taxation

Mondi is unable to advise shareholders on taxation. Your tax obligations will vary depending on your jurisdiction and financial circumstances. With regards to your Mondi shareholding, we recommend all shareholders maintain records of dividend payments, share purchases and sales. A dividend confirmation will be sent with all dividend payments. For further assistance, please speak to an independent professional tax or financial adviser.

Current Dividend Payment Information

A proposed final dividend for the year ended 31 December 2016 of 38.19 euro cents per ordinary share will be paid on 18 May 2017 to those shareholders on the register of Mondi plc on 21 April 2017. An equivalent South African rand final dividend will be paid on 18 May 2017 to shareholders on the register of Mondi Limited on 21 April 2017. The final dividend is subject to the approval of the shareholders of Mondi Limited and Mondi plc at the respective annual general meetings scheduled for 11 May 2017.

More information on this dividend, including the dividend timetable and currency conversion rates, can be found in the announcements below:

Historical Dividend Payment Information

Historical dividend payment information, including amounts, record dates and payment dates, can be found in the document below:

 

Mondi has a dual listed company (DLC) structure comprising Mondi Limited, a company registered in South Africa and Mondi plc, a company registered in the UK. Mondi Limited has a primary listing on the JSE Limited while Mondi plc has a premium listing on the London Stock Exchange and a secondary listing on the JSE Limited.

If you have any queries relating to your shareholding in Mondi Limited or Mondi plc, please contact the relevant Registrar as below:

Board of Directors

The board and management team of the Mondi Group operate and manage the business as if it were a single economic entity. While Mondi Limited and Mondi plc are separate corporate entities and each have a board of directors, the Boards and management team are comprised of the same people.

This symmetrical arrangement is safeguarded by the provisions of the DLC Sharing Agreement between Mondi Limited and Mondi plc and the Memorandum of Incorporation and Articles of Association of each company respectively.

While the Board has delegated the day-to-day management of the Group to the Chief executive officer, there is a formal schedule of matters reserved for the Board which provides a framework for the Board to oversee control of the Group’s affairs.

Matters Reserved for the Board