The Vanguard Group, Inc. Discloses Stake in Mondi plc

The Vanguard Group, Inc. has announced a significant shareholding in Mondi plc, revealing a 4.84% interest in the London-based packaging and paper group, according to a Form 8.3 filing dated 01 April 2024. The disclosure comes as part of regulatory requirements underscoring the importance of transparency in securities representing 1% or more of a company's shareholding under the Takeover Code.

The public disclosure highlights The Vanguard Group's control over 21,384,888 ordinary shares with a nominal value of EUR 0.22 each. Furthermore, the filing notes a recent transaction involving the purchase of 4,646 Mondi plc shares at a price of 13.96 GBP per unit on 28 March 2024, emphasizing The Vanguard Group's ongoing interest and activity in the company's securities. The financial institution also disclosed additional interests in International Paper Company and Smith (DS) plc, indicating a broader engagement in the sector.

This strategic positioning by The Vanguard Group, Inc. within Mondi plc comes amidst the backdrop of dynamic changes and opportunities in the global packaging and paper industry. The disclosure did not mention any specific arrangements, agreements, or understandings related to the voting rights or future acquisition or disposal of relevant securities, stating "none" on such matters.

The Vanguard Group, Inc. has been transparent in its dealings and has adhered to the necessary regulatory frameworks, with the disclosure managed by contact person Shawn Acker. This move signals the financial institution's vested interest in Mondi plc as part of its investment portfolio.