The Vanguard Group, Inc. Discloses Position in Mondi plc

The Vanguard Group, Inc. announced a significant stake in Mondi plc, a leading packaging and paper company, in a detailed disclosure complying with the Takeover Code’s Rule 8.3. The statement released on 27 March 2024 reveals The Vanguard Group’s interests and dealings concerning Mondi plc's securities, marking its involvement in the firm’s financial dynamics.

According to the disclosure, The Vanguard Group owns and/or controls a total of 21,377,676 shares of Mondi plc, translating to a 4.84% stake in the company. This position was identified as of 26 March 2024, emphasizing The Vanguard Group’s role as a significant shareholder. The disclosure is part of the mandatory reporting requirements for entities holding interests in securities representing 1% or more in companies under potential or actual offer periods as outlined by the Takeover Code.

In addition to Mondi plc, The Vanguard Group also discloses interests relating to Smith (DS) plc, indicating a wider spectrum of investment within the sector. The disclosed dealings include both purchases and sales of Mondi plc’s shares on a specified date, with transactions detailed in terms of number of securities and price per unit.

The Vanguard Group’s disclosure is devoid of any arrangements, agreements, or understandings that could influence dealings, as stated within the announcement, ensuring compliance and transparency in its financial activities related to Mondi plc.