Mondi PLC 2022 Final Dividend ZAR/euro Exchange Rate
February 23 2023 - 06:30AM
UK Regulatory
TIDMMNDI
Mondi plc
Incorporated in England and Wales
Registered number: 6209386
Tax registration number: 454 12394 14454
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI ISIN: GB00B1CRLC47
JSE share code: MNP
23 February 2023
Mondi Group - 2022 Final Dividend ZAR/euro Exchange Rate
On 23 February 2023 Mondi Group announced, in its Preliminary Results
announcement, that a proposed final dividend for the year ended 31 December
2022 of 48.33 euro cents per ordinary share will be paid on Friday 12 May 2023
to all Mondi plc ordinary shareholders on either the UK main register or the
South African branch register on Friday 31 March 2023.
The final dividend is subject to the approval of shareholders at the annual
general meeting scheduled for Thursday 4 May 2023.
Mondi plc will pay its dividend in euro. However, ordinary shareholders
resident in the United Kingdom will receive the final dividend in sterling
(unless shareholders have elected to receive their dividend in euro). The last
date for euro currency elections will be Tuesday 18 April 2023. The exchange
rate for this payment will be set on Thursday 20 April 2023.
Shareholders holding their shares on the South African branch register will
receive the final dividend in South African rand cents, converted on Thursday
23 February 2023 at a rate of EUR 1 to ZAR 19.45225. Therefore, the equivalent
gross final dividend in rand cents per ordinary share will be 940.12724.
For shareholders holding their shares on the South African branch register, the
dividend will, for South African dividends tax purposes, be taxed like local
dividends. As such, for South African tax resident shareholders holding their
shares on the South African branch register, dividends withholding tax will be
withheld from the dividends payable to these shareholders at a rate of 20%,
unless a shareholder qualifies for an exemption, resulting in a net final
dividend of 752.10179 rand cents per ordinary share. Shareholders holding
their shares on the South African branch register who are not tax resident in
South Africa are exempted from South African dividends withholdings tax.
For the purposes of South Africa dividends tax reporting, the source of income
for the payment of the dividend is the United Kingdom.
Additional Information
The final dividend will be paid from income reserves.
Mondi plc had a total of 485,553,780 ordinary shares in issue of which
198,945,860 were held on the branch register, excluding treasury shares, at the
final dividend recommendation date of 23 February 2023.
About Mondi
Mondi is a global leader in packaging and paper, contributing to a better world
by making innovative solutions that are sustainable by design. Our business is
integrated across the value chain - from managing forests and producing pulp,
paper and films, to developing and manufacturing sustainable consumer and
industrial packaging solutions using paper where possible, plastic when useful.
Sustainability is at the centre of our strategy, with our ambitious commitments
to 2030 focused on circular driven solutions, created by empowered people,
taking action on climate.
In 2022, Mondi had revenues of ?8.9 billion and underlying EBITDA of ?1.8
billion from continuing operations, and employed 22,000 people worldwide. Mondi
has a premium listing on the London Stock Exchange (MNDI), where the Group is a
FTSE100 constituent, and also has a secondary listing on the JSE Limited (MNP).
Sponsor in South Africa: Merrill Lynch South Africa Proprietary Limited t/a
BofA Securities.
END
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