In a recent development, Dreamworld Investments 435 (Pty) Ltd has acquired 441 ordinary shares of Mondi plc, a leading international packaging and paper group, on behalf of Saki Macozoma, a Non-Executive Director of Mondi plc. The acquisition, which took place on April 13, 2023, was not initially notified to Mondi plc due to an administrative oversight. The transaction, valued at R300.85 per share, was conducted outside a trading venue on the JSE Limited.
Notification Oversight Rectified:
The acquisition by Dreamworld Investments 435 (Pty) Ltd, a company closely associated with Saki Macozoma, was a significant event that required notification to Mondi plc. However, due to an administrative oversight, the transaction was not initially communicated to the company. This oversight has now been rectified with the submission of an initial notification, bringing the transaction to light.
Details of the Transaction:
A breakdown of the transaction reveals the following details:
| Description of Financial Instrument | Price (R) | Volume |
|---|---|---|
| Ordinary shares of €0.20 each | 300.85 | 441 |
Significance of the Acquisition:
Dreamworld Investments 435 (Pty) Ltd’s acquisition of Mondi plc shares underscores the continued confidence in the company’s performance and prospects. As a Non-Executive Director, Saki Macozoma’s association with this acquisition further emphasizes his vested interest in Mondi plc’s success.
Conclusion:
The acquisition of Mondi plc shares by Dreamworld Investments 435 (Pty) Ltd on behalf of Saki Macozoma, a Non-Executive Director, marks a significant development in the company’s shareholder landscape. As Mondi plc continues its journey of growth and innovation, such transactions reaffirm investor confidence in its long-term prospects and strategic direction.
