Mondi Group completes acquisition of minority interest in Mondi Swiecie S.A.Publication Date:
21 May 2012
As part of the dual listed company structure, Mondi Limited and Mondi plc (together “Mondi Group”) notify both the JSE Limited (“JSE”) and the London Stock Exchange of matters required to be disclosed under the JSE Listings Requirements and/or the Disclosure Rules and Transparency Rules and/or the Listing Rules of the United Kingdom Listing Authority.
Mondi Group announces that on 18 May 2012 it acquired the remaining 3,407,257 shares in Mondi Swiecie S.A. (“Mondi Swiecie”) it did not already own following the completion of the all cash public tender offer (“Offer”) concluded on 18 April 2012. Mondi Group now owns 100% of Mondi Swiecie.
The consideration for the remaining 3,407,257 shares paid by Mondi Group was PLN245m (EUR59m). The aggregate consideration paid by Mondi Group for those shares representing 34% of the share capital of Mondi Swiecie which Mondi Group did not already own before making the Offer, was PLN1.2bn (EUR294m).
Mondi Group will commence the procedure aimed at the delisting of Mondi Swiecie’s shares from the Warsaw Stock Exchange.
Mondi is an international paper and packaging Group, with production operations across 28 countries and revenues of €5.7 billion in 2011. The Group's key operations are located in central Europe, Russia and South Africa and as at the end of 2011, Mondi employed 23,400 people.
Mondi is fully integrated across the paper and packaging process, from the growing of wood and the manufacture of pulp and paper (including recycled paper), to the conversion of packaging papers into corrugated packaging, industrial bags and coatings.
The Group is principally involved in the manufacture of packaging paper, converted packaging products and uncoated fine paper (UFP).
Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi Limited under the ticker code MND and a premium listing on the London Stock Exchange for Mondi plc, under the ticker code MNDI. The Group has been recognised for its sustainability through its inclusion in the FTSE4Good Global, European and UK Index Series (since 2008) and the JSE's Socially Responsible Investment (SRI) Index since 2007. Mondi was also included in the FTSE350 Carbon Disclosure Leadership Index for the second year.
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550
(Incorporated in England and Wales)
(Registration number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
Last change: 11.11.2013