Vanguard Group, Inc. Increases Stake in Mondi plc

The Vanguard Group, Inc. has disclosed an increase in its holdings of Mondi plc, a leading global packaging and paper group. According to a Form 8.3 filing with financial regulators on 20 March 2024, Vanguard now owns a 4.84% interest in Mondi plc, represented by 21,365,207 shares of EUR 0.22 ordinary class. This filing is part of the mandatory public disclosure requirements for entities holding more than 1% of a company's securities under the Takeover Code.

The disclosure comes after a recent purchase of 254 Mondi plc shares at a price of 13.34 GBP per unit on 19 March 2024. This transaction further solidifies Vanguard's position in the company but does not indicate any ongoing offers or cash transactions related to these holdings. No other dealings were reported in other securities classes, nor were there any disclosed options or stock-settled derivative transactions relating to Mondi plc.

The filing also confirmed that Vanguard has no indemnity, option arrangements, or agreements relating to the voting rights of Mondi's securities, pointing to a straightforward equity interest without strategic voting arrangements. Contact for the disclosure was provided as Shawn Acker, with a telephone number for further inquiries.