Information for shareholders
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 whilst Mondi plc has a premium listing on the London Stock Exchange and a secondary listing on the JSE Limited.
Under the DLC structure any ordinary share held in either Mondi Limited or Mondi plc gives the holder an effective economic interest in the whole Mondi Group. The relationship between Mondi Limited and Mondi plc is underpinned by the DLC structure principles, which provide that:
- Mondi Limited and Mondi plc and their subsidiaries must operate as if they are a single corporate group; and
- the directors of Mondi Limited and Mondi plc will, in addition to their duties to the company concerned, have regard to the interests of the Mondi Limited shareholders and the Mondi plc shareholders as if the two companies were a single unified economic enterprise and for that purpose the directors of each company will take into account, in the exercise of their powers, the interests of the shareholders of the other.
Analysis of shareholders
As at 31 December 2013 Mondi Limited had 118,312,975 ordinary shares in issue and Mondi plc had 367,240,805 ordinary shares in issue, of which 145,466,535 were held on the South African branch register.
By size of holding
|% of shareholders||Size of shareholding||Number of shares||% of shares|
|3,538||66.28||1 – 500||544,600||0.46|
|474||8.88||501 – 1,000||346,150||0.29|
|581||10.88||1,001 – 5,000||1,271,609||1.07|
|497||9.31||5,001 – 50,000||9,292,686||7.86|
|225||4.22||50,001 – 1,000,000||48,532,112||41.02|
|23||0.43||1,000,001 – highest||58,325,818||49.30|
|% of shareholders||Size of shareholding||Number of shares||% of shares|
|2,156||60.51||1 – 500||434,768||0.12|
|421||11.82||501 – 1,000||307,698||0.08|
|442||12.41||1,001 – 5,000||993,080||0.27|
|282||7.91||5,001 – 50,000||5,492,396||1.50|
|207||5.81||50,001 – 1,000,000||46,433,765||12.64|
|55||1.54||1,000,001 – highest||313,579,098||85.39|
By type of holding
|No. of holders||No. of shares||% of shares|
|Directors of Mondi Limited/Mondi plc||2||3,430||0.00|
|Mondi staff share schemes 2||1||720,489||0.61|
|No. of holders||No. of shares||% of shares|
|Directors of Mondi Limited/Mondi plc||9||463,134||0.13|
|Mondi staff share schemes 2||2||1,661,397||0.45|
- 1 As per the Listings Requirements of the JSE Limited.
- 2 Shares held for the purposes of Mondi staff share schemes are held in trust.
Any queries relating to your Mondi shareholdings should be directed to the relevant registrar.
|Mondi Limited shares and Mondi plc
shares on the South African branch
|Mondi plc shares|
|Registrar||Link Market Services South Africa Proprietary Limited||Capita Asset Services|
|Postal Address||PO Box 4844
34 Beckenham Road
|Helpline Number||011 713 0800
(if calling from South Africa)
+27 11 713 0800
|0871 664 0300
(if calling from the UK; calls cost 10p per minute
plus network extras; lines are open Mon-Fri 8.30am to 5.30pm)
Shareholders holding their shares through Capita may access details of their holdings, amend their details or elect to receive shareholder documents electronically by registering with the Capita Share Portal, a free secure online service offered by Capita, at www.capitashareportal.com.
|14 May 2014||2014 annual general meetings|
|14 May 2014||Interim management statement|
|22 May 2014||Payment date for 2013 final dividend (see below)|
|7 August 2014||2014 half-yearly results announcement|
|September 2014||2014 interim dividend payment|
|16 October 2014||Interim management statement|
An interim dividend for the year ended 31 December 2013 of 126.03689 rand cents/9.55 euro cents per share was paid on 17 September 2013 to all Mondi Limited and Mondi plc ordinary shareholders on the relevant share registers on 23 August 2013.
A proposed final dividend for the year ended 31 December 2013 of 26.45 euro cents per ordinary share will be paid on 22 May 2014 to those shareholders on the share register of Mondi plc on 25 April 2014. An equivalent South African rand final dividend of 387.39464 rand cents per ordinary share will be paid on 22 May 2014 to shareholders on the share register of Mondi Limited on 25 April 2014. 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 14 May 2014.
The proposed final dividend for the year ended 31 December 2013 of 387.39464 rand cents/26.45 euro cents per share will be paid in accordance with the following timetable:
|Mondi Limited||Mondi plc|
|Last date to trade shares cum-dividend|
|JSE Limited||16 April 2014||16 April 2014|
|London Stock Exchange||Not applicable||22 April 2014|
|Shares commence trading ex-dividend|
|JSE Limited||17 April 2014||17 April 2014|
|London Stock Exchange||Not applicable||23 April 2014|
|JSE Limited||25 April 2014||25 April 2014|
|London Stock Exchange||Not applicable||25 April 2014|
|Last date for receipt of Dividend Reinvestment Plan (DRIP) elections by Central Securities Depository Participants||2 May 2014||2 May 2014|
|Last date for DRIP elections to UK Registrar and South African Transfer Secretaries by shareholders of Mondi Limited and Mondi plc||5 May 2014||27 April 2014*|
|South African Register||22 May 2014||22 May 2014|
|UK Register||Not applicable||22 May 2014|
|DRIP purchase settlement dates||30 May 2014||27 May 2014**|
|Currency conversion dates|
|ZAR/euro||28 February 2014||28 February 2014|
|Euro/sterling||Not applicable||6 May 2014|
- * 5 May 2014 for Mondi plc South African branch register shareholders
- ** 30 May 2014 for Mondi plc South African branch register shareholders
Share certificates on the South African registers of Mondi Limited and Mondi plc may not be dematerialised or rematerialised between 17 April 2014 and 28 April 2014, both dates inclusive, nor may transfers between the UK and South African share registers of Mondi plc take place between 16 April 2014 and 28 April 2014, both dates inclusive.
Dividend tax will be withheld from the amount of the gross final dividend paid to Mondi Limited shareholders and Mondi plc shareholders on the South African branch register at the rate of 15%, unless a shareholder qualifies for an exemption.
All dividends are declared in euro but are paid in the following currencies:
|Mondi Limited||South African rand|
|Mondi plc (UK residents)||Pounds sterling|
|Mondi plc (South African residents)||South African rand|
Mondi plc shareholders on the UK share register resident in the UK may elect to receive their dividends in euro.
Mondi plc shareholders on the UK share register resident outside the UK may elect to receive their dividend in Pounds sterling.
Mondi plc shareholders wishing to elect to receive their dividend in euros or Pounds sterling should contact Capita Asset Services using the details provided.
Shareholders wishing to have their dividends paid directly into a bank or building society account should contact either Link Market Services South Africa Proprietary Limited or Capita Asset Services as appropriate to obtain an application form. Shareholders holding their shares through Capita can also arrange this via the Capita Share Portal at www.capitashareportal.com.
Mondi Limited shareholders may only set up a mandate if they have a South African bank account.
Mondi plc shareholders located outside the UK may be able to take advantage of the International Payment Service offered by Capita Asset Services. A fee of £5 is charged per dividend for this service and is available to private shareholders receiving a dividend of £10 or more. For further information or for an application form please contact Capita.
Dividend reinvestment plans
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 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. Tax vouchers will be sent with all dividend payments. For further assistance, please speak to an independent professional tax or financial adviser.
Donating shares to charity
For shareholders wishing to dispose of small holdings of shares, the sale of which would be uneconomic, there is the option to donate the shares to charity.
The following charity donation schemes in South Africa and the UK allow shareholders to donate unwanted shares free of charge. These shares are then aggregated, sold and the proceeds distributed to various charities.
South Africa – Strate Charity Shares
If you would like to donate your Mondi Limited shares or Mondi plc shares held on the South African branch register or for further information, please visit www.strate.co.za, call 0800 202 363 if calling from South Africa or +27 11 870 8207 if calling from outside South Africa or write to Strate, PO Box 78608, Sandton 2146, South Africa.
UK – ShareGift
If you would like to donate your Mondi plc shares or for further information, please visit www.sharegift.org, call +44 (0)20 7930 3737 or write to ShareGift, PO Box 72253, London SW1P 9LQ, UK.
Shareholders can elect to access certain shareholder documents, for example the integrated report and financial statements, electronically via Mondi’s website rather than receiving them by post. Electing to access documents in this way will mean you will receive an email alerting you each time Mondi circulates a new shareholder document or communication. This will contain a link that will direct you to the appropriate page on Mondi’s website where you can view the documents at your own convenience.
This has a number of benefits including faster notification of information, helping to reduce Mondi’s costs and being more environmentally friendly.
Shareholders on the main Mondi plc register can elect to receive documents electronically by logging on to the Capita Share Portal at www.capitashareportal.com. For further information please contact Capita Asset Services.
Mondi Limited shareholders and Mondi plc shareholders on the South African branch register can elect to receive documents electronically by contacting Link Market Services South Africa Proprietary Limited on +27 (0)11 713 0800 or by emailing email@example.com.
If you receive more than one copy of any documents sent out by Mondi or for any other reason you believe you may have more than one Mondi Limited or Mondi plc account, please contact the relevant registrar who will be able to confirm and, if necessary, arrange for the accounts to be amalgamated into one.
Shareholders should be aware that they may be targeted by certain organisations offering unsolicited investment advice or the opportunity to buy or sell worthless or non-existent shares. Should you receive any unsolicited calls or documents to this effect, you are advised not to give out any personal details or to hand over any money without ensuring that the organisation is authorised by the UK Financial Conduct Authority (FCA) and doing further research.
If you are unsure or think you may have been targeted you should report the organisation to the FCA. For further information, please visit the FCA’s website at www.fca.org.uk, email firstname.lastname@example.org or call the FCA consumer helpline on 0800 111 6768 if calling from the UK or +44 20 7066 1000 if calling from outside the UK.
Shareholders can also contact our registrars, Capita Asset Services or Link Market Services South Africa Proprietary Limited, as appropriate using the contact details provided or Mondi’s company secretarial department on +44 (0)1932 826300.
If you would like to receive this report in an alternative format, such as in large print, Braille or on audio cassette, please contact Mondi’s company secretarial department on +44 (0)1932 826300.
Registered and head office
No. 3 Melrose Boulevard
Melrose Arch 2196
Republic of South Africa
Tel. +27 (0)11 994 5400
Fax. +27 (0)86 520 4688
Registered in South Africa
Registration No. 1967/013038/06
Building 1, 1st Floor
Tel. +44 (0)1932 826300
Fax. +44 (0)1932 826350
Registered in England and Wales
Registered No. 6209386