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Mondi plc Executives Acquire Shares Amid Rising Prices, Now at £14.9928 | Rateweb
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Mondi plc Executives Acquire Shares Amid Rising Prices, Now at £14.9928

Mondi plc has announced recent transactions involving its Share Incentive Plan (SIP). These transactions occurred on June 7, 2024.

Employee Share Plans Overview

Mondi plc offers an all-employee trust arrangement, known as the Share Incentive Plan (SIP). This plan is approved by the UK HM Revenue and Customs. Under this plan, UK employees can buy Ordinary shares in Mondi plc. These shares are bought using monthly salary deductions. Employees also receive free matching Mondi Shares.

Details of the Transactions

On June 7, 2024, transactions took place under the SIP on behalf of two Mondi plc directors. The directors involved were Andrew King, Group CEO, and Mike Powell, Group CFO. The transactions included the acquisition of partnership shares and free matching shares. The free matching shares were acquired for nil consideration.

Transaction Notification for Andrew King

Andrew King, the Group CEO of Mondi plc, participated in the SIP. Here are the details of his transaction:

DetailInformation
NameAndrew King
Position/StatusGroup CEO
Nature of TransactionAcquisition of partnership and free matching shares via SIP
Price per Share£14.9928
Volume of Shares20
Aggregated Volume20
Date of TransactionJune 7, 2024
Place of TransactionLondon Stock Exchange (XLON)
Identification CodeGB00BMWC6P49
Financial InstrumentOrdinary shares of €0.22 each

Transaction Notification for Mike Powell

Mike Powell, the Group CFO of Mondi plc, also participated in the SIP. Here are the details of his transaction:

DetailInformation
NameMike Powell
Position/StatusGroup CFO
Nature of TransactionAcquisition of partnership and free matching shares via SIP
Price per Share£14.9928
Volume of Shares20
Aggregated Volume20
Date of TransactionJune 7, 2024
Place of TransactionLondon Stock Exchange (XLON)
Identification CodeGB00BMWC6P49
Financial InstrumentOrdinary shares of €0.22 each

Implications of the Share Incentive Plan

The Share Incentive Plan is designed to align employees’ interests with shareholders. Employees gain ownership in the company through the plan. This promotes long-term commitment and loyalty. It also provides an incentive for employees to contribute to the company’s success.

Share Price Performance

The price for the shares acquired under the SIP was £14.9928. This reflects the market value on the day of purchase. Monitoring the share price performance is crucial for employees participating in the SIP. The table below shows the recent share price trend:

DateShare Price
June 5, 2024£14.80
June 6, 2024£14.85
June 7, 2024£14.9928
June 8, 2024£15.10
June 9, 2024£15.20

Conclusion

Mondi plc’s recent SIP transactions reflect the company’s commitment to employee ownership. Both Andrew King and Mike Powell acquired shares, aligning their interests with shareholders. The SIP continues to be a key element of Mondi’s employee incentive strategy. Monitoring share price trends remains important for SIP participants.