The Vanguard Group, Inc. Discloses Stake in Mondi plc

The Vanguard Group, Inc. has formally announced its significant holding in Mondi plc through a regulatory filing under the UK Takeover Code, highlighting its influence as a major investor. As of March 4, 2024, the investment firm disclosed ownership of 21,357,321 shares, accounting for 4.84% of Mondi plc's issued stock. This disclosure reflects The Vanguard Group's compliance with Rule 8.3 of the Takeover Code, applicable to entities with interests in securities representing over 1% of a publicly-traded company.

The filing also noted a recent transaction involving the purchase of 2,330 shares of Mondi plc at a price of 13.84 GBP per share. Apart from its interest in Mondi plc, The Vanguard Group reported on dealings related to another company involved in the offer, Smith (DS) plc, without detailing the specifics of those transactions or holdings. No agreements, arrangements, or understandings were disclosed regarding indemnity or dealing arrangements, voting rights, or derivatives that could influence The Vanguard Group's dealings or strategic decisions regarding Mondi plc.

The disclosure emphasizes The Vanguard Group's role in the financial markets, underscoring the importance of transparency in shareholding and market dealings in accordance with regulatory requirements.