Edition:
United Kingdom

Mondi Ltd (MNDJ.J)

MNDJ.J on Johannesburg Stock Exchange

30,014.00ZAc
13 Dec 2018
Change (% chg)

-936.00 (-3.02%)
Prev Close
30,950.00
Open
31,250.00
Day's High
31,250.00
Day's Low
29,804.00
Volume
731,316
Avg. Vol
657,006
52-wk High
42,436.00
52-wk Low
28,713.00

Latest Key Developments (Source: Significant Developments)

Mondi To Simplify Corporate Structure Into Single Holding Company
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Mondi PLC ::JSE: MND - MNP - SIMPLIFICATION OF CORPORATE STRUCTURE.MONDI - PROPOSING TO SIMPLIFY EXISTING MONDI STRUCTURE FROM DUAL LISTED STRUCTURE ("DLC") INTO A SINGLE HOLDING COMPANY STRUCTURE UNDER MONDI PLC.MONDI PLC - WILL CONTINUE TO HAVE PREMIUM LISTING ON LSE AND WILL HAVE AN INWARD SECONDARY LISTING ON JSE QUOTED IN RAND.MONDI PLC - MONDI LIMITED SHAREHOLDERS WILL RECEIVE ONE NEW MONDI PLC SHARE IN EXCHANGE FOR EACH MONDI LIMITED SHARE HELD.MONDI PLC - SIMPLIFICATION WILL NOT RESULT IN ANY CHANGES TO MANAGEMENT, OPERATIONS, LOCATIONS, ACTIVITIES OR STAFFING LEVELS OF MONDI GROUP.MONDI- OPERATING AS A COMBINED CO, MONDI IS GOVERNED BY COMPLEX ARRANGEMENTS TO MAINTAIN PARITY BETWEEN ECONOMIC AND VOTING RIGHTS OF SHAREHOLDERS.MONDI - AFTER SIMPLIFICATION, EACH MONDI SHAREHOLDER TO HAVE SAME VOTING AND CAPITAL INTERESTS AS EACH MONDI LIMITED, MONDI PLC SHAREHOLDER CURRENTLY.MONDI PLC - REMAINS FULLY COMMITTED TO SOUTH AFRICA WITH SOUTH AFRICAN OPERATIONS BEING AN IMPORTANT PART OF MONDI.MONDI - RECEIVED APPROVAL FROM MINISTER OF FINANCE THROUGH SOUTH AFRICAN RESERVE BANK TO SIMPLIFY EXISTING MONDI GROUP STRUCTURE.MONDI- STREAMLINING CORPORATE STRUCTURE WILL ALLOW CONTINUED INVESTMENT IN SOUTH AFRICAN OPERATIONS, ESTIMATED AT OVER R8 BILLION OVER NEXT FIVE YEARS.MONDI PLC - SIMPLIFICATION WILL ALSO ENHANCE STRATEGIC FLEXIBILITY, INCREASE TRANSPARENCY AND REMOVE COMPLEXITY ASSOCIATED WITH CURRENT STRUCTURE.  Full Article

Mondi Q3 Underlying EBITDA Up 30 Pct
Thursday, 11 Oct 2018 

Oct 11 (Reuters) - Mondi PLC ::UNDERLYING EBITDA FOR Q3 OF 2018 OF EUR 466 MILLION WAS 30% UP ON COMPARABLE PRIOR YEAR PERIOD.LIKE-FOR-LIKE SALES VOLUMES FOR QUARTER WERE UP ON COMPARABLE PRIOR YEAR PERIOD.CONTINUE TO SEE MANAGEABLE UPWARD PRESSURE ON OUR COST BASE WITH INPUT COSTS UP ON COMPARABLE PRIOR YEAR PERIOD.PLANNED MILL MAINTENANCE SHUTS DURING QUARTER HAD AN ESTIMATED IMPACT ON UNDERLYING EBITDA OF AROUND EUR 30 MILLION.CONTINUE TO ESTIMATE THAT IMPACT OF MAINTENANCE SHUTS ON UNDERLYING EBITDA FOR 2018 WILL BE AROUND EUR 115 MILLION.Q4 WILL BE IMPACTED BY LARGE PROJECT RELATED SHUT AND RAMP-UP AT STETI MILL, RESTRUCTURING INITIATIVES IN INDUSTRIAL BAGS.  Full Article

Mondi Says Underlying Operating Profit For Q1 15 Pct Above Comparable Prior Year Period
Wednesday, 16 May 2018 

May 16 (Reuters) - Mondi PLC ::UNDERLYING OPERATING PROFIT FOR Q1 OF 2018 OF EUR 295 MILLION WAS 15% ABOVE COMPARABLE PRIOR YEAR PERIOD.HIGHER AVERAGE SELLING PRICES AND PROFIT IMPROVEMENT INITIATIVES ACROSS GROUP MORE THAN OFFSET HIGHER OPERATING COSTS IN Q1.Q1 LIKE-FOR-LIKE SALES VOLUMES WERE STABLE ON COMPARABLE PRIOR YEAR PERIOD."OUR OUTLOOK FOR BUSINESS REMAINS POSITIVE.".ESTIMATED IMPACT ON OPERATING PROFIT OF MAINTENANCE SHUTS COMPLETED DURING PERIOD WAS AROUND EUR 35 MILLION.  Full Article

Mondi PLC Launches EUR 600 Million Eurobond
Friday, 20 Apr 2018 

April 20 (Reuters) - Mondi PLC ::MONDI PLC - MONDI LAUNCHES EUR 600 MILLION EUROBOND.MONDI - LAUNCH OF A EUR 600 MILLION, 8-YEAR EUROBOND. PROCEEDS OF ISSUE, WHICH IS DUE TO CLOSE ON 27 APRIL 2018, WILL BE USED FOR GENERAL CORPORATE PURPOSES.MONDI PLC - EUROBOND MATURES IN APRIL 2026, HAS A COUPON OF 1.625%, AND AN APPLICATION WILL BE MADE FOR IT TO BE LISTED ON LONDON STOCK EXCHANGE..  Full Article

SA's Competition Tribunal Approves Acquisition By Mondi of Draycott And Greytown Timber Plantations
Thursday, 19 Apr 2018 

April 19 (Reuters) - SA'S COMPETITION TRIBUNAL ::SA'S COMPETITION TRIBUNAL - UNCONDITIONALLY APPROVED MERGER IN WHICH MONDI LTD ACQUIRED THE DRAYCOTT AND GREYTOWN TIMBER PLANTATIONS..  Full Article

Mondi Says ‍Signed Agreement To Acquire Powerflute Group Holdings
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Mondi Plc ::‍SIGNED AGREEMENT TO ACQUIRE 100% OF OUTSTANDING SHARES IN POWERFLUTE GROUP HOLDINGS OY.‍DEAL FOR A TOTAL CONSIDERATION OF EUR 365 MILLION ON AN ENTERPRISE VALUE BASIS​.‍FOR YEAR ENDED 31 DEC 2017, CO IS EXPECTED TO GENERATE REVENUES OF AROUND EUR 183 MILLION​.  Full Article

Mondi posts Q3 ‍underlying operating profit of 245 mln euros
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - MONDI PLC ::‍UNDERLYING OPERATING PROFIT FOR Q3 OF 2017 OF EUR 245 MILLION WAS 8% ABOVE COMPARABLE PRIOR YEAR PERIOD​.‍Q3 LIKE-FOR-LIKE SALES VOLUMES WERE ABOVE COMPARABLE PRIOR YEAR PERIOD​.Q3 ‍COSTS WERE GENERALLY HIGHER THAN COMPARABLE PRIOR YEAR PERIOD AND PREVIOUS QUARTER​.‍"WE REMAIN CONFIDENT OF MAKING PROGRESS FOR YEAR AND EXPECT A STRONG FINAL QUARTER"​.  Full Article

Mondi to change operating structure into a single company

Nov 19 Packaging firm Mondi Plc said it is simplifying its structure to become a simple combined company from its current dual-listed form, having a primary listing on the London Stock Exchange.