REG-Mondi Plc: Result of AGM

MondiAnnouncement

Thu 16:00

Mondi plc

Incorporated in England and Wales

Registered number: 6209386

LEI: 213800LOZA69QFDC9N34

LSE share code: MNDI   ISIN: GB00BMWC6P49

JSE share code: MNP

 

 

8 May 2025

 

Annual General Meeting

 

The Annual General Meeting (AGM) of Mondi plc was held earlier today.

 

All resolutions were passed by shareholders by way of a poll and all valid
proxy votes were included in the poll. The Company's issued share capital on 6
May 2025 (the voting record date) was 441,412,530 ordinary shares of €0.22
each. Overall approximately 81% of shares were voted. The total number of
votes received on each resolution is as follows:

 

 

 Resolution                                                                    Votes For    %       Votes Against  %      Votes Total  % of ISC Voted  Votes Withheld **  
                                                                                                                                                                          
 1. To receive the report and accounts                                         357,824,789  100.00  4,452          0.00   357,829,241  81.06%          903,719            
 2. To approve the remuneration report (other than the policy)                 314,207,345  87.66   44,251,368     12.34  358,458,713  81.21%          274,246            
 3. To declare a final dividend                                                355,206,580  99.09   3,267,142      0.91   358,473,722  81.21%          259,238            
 4. To elect Sucheta Govil as a director                                       358,319,325  99.96   147,057        0.04   358,466,382  81.21%          266,578            
 5. To re-elect Svein Richard Brandtzaeg as a director                         356,786,343  99.53   1,679,870      0.47   358,466,213  81.21%          266,747            
 6. To re-elect Sue Clark as a director                                        357,373,746  99.70   1,091,646      0.30   358,465,392  81.21%          307,568            
 7. To re-elect Anke Groth as a director                                       358,454,664  100.00  11,426         0.00   358,466,090  81.21%          266,870            
 8. To re-elect Andrew King as a director                                      358,457,856  100.00  7,731          0.00   358,465,587  81.21%          267,373            
 9. To re-elect Saki Macozoma as a director                                    354,190,606  98.81   4,274,762      1.19   358,465,368  81.21%          267,592            
 10. To re-elect Mike Powell as a director                                     358,250,916  99.94   214,759        0.06   358,465,675  81.21%          267,285            
 11. To re-elect Dame Angela Strank as a director                              358,433,203  99.99   33,656         0.01   358,466,859  81.21%          266,101            
 12. To re-elect Philip Yea as a director                                      355,584,380  99.20   2,882,110      0.80   358,466,490  81.21%          266,470            
 13. To re-elect Stephen Young as a director                                   357,922,998  99.85   543,492        0.15   358,466,490  81.21%          266,470            
 14. To appoint the auditors                                                   357,501,819  99.96   133,092        0.04   357,634,911  81.02%          1,098,049          
 15. To authorise the audit committee to determine the auditors' remuneration  358,444,327  99.99   22,814         0.01   358,467,141  81.21%          265,819            
 16. To approve the Mondi plc Long-Term Incentive Plan 2025                    351,702,807  98.11   6,759,997      1.89   358,462,804  81.21%          270,156            
 17. To approve the Mondi plc Bonus Share Plan 2025                            354,716,835  98.95   3,747,274      1.05   358,464,109  81.21%          268,851            
 18. To authorise the directors to allot relevant securities                   320,802,560  89.49   37,668,218     10.51  358,470,778  81.21%          262,182            
 19. To authorise the directors to disapply pre-emption rights*                281,254,315  78.46   77,217,173     21.54  358,471,488  81.21%          261,472            
 20. To authorise Mondi plc  to purchase its own shares*                       320,075,162  89.30   38,368,680     10.70  358,443,842  81.20%          289,118            
 21. To authorise general meetings to be held on 14 days' notice*              302,942,068  84.51   55,530,238     15.49  358,472,306  81.21%          260,654            

 

 

* Special Resolutions

** A vote withheld is not a vote in law and is not counted in the calculation
of the proportion of votes for or against a resolution.

 

The Board notes that although Resolution 19 (Disapplication of pre-emption
rights) was passed and approved by the majority of shareholders, slightly more
than 20% of the votes were cast against the Board's recommendation on the
resolution. The resolution follows the relevant provisions of the Pre-Emption
Group's Statement of Principles for the disapplication of pre-emption rights
and reflects UK listed company market practice. Directors were not seeking the
maximum authority permitted by the Pre-Emption Group's Statement of
Principles, but rather, at a level that is consistent with the approach taken
in recent years and which would provide the Directors with a degree of
flexibility. The Board is mindful of the views expressed by a number of its
South African shareholders. We will engage with relevant shareholders in
accordance with the UK Corporate Governance Code and will provide an update
within six months of the Annual General Meeting.

 

In accordance with UK Listing Rule 6.4.2R,  resolutions 16 and 17 constitute
special business and have therefore been uploaded to the National Storage
Mechanism and will shortly be available for inspection
at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

 

Jenny Hampshire

Company Secretary 

Mondi plc

 

 

About Mondi

Mondi is a global leader in packaging and paper, contributing to a better
world by producing products that are sustainable by design. We employ 24,000
people in more than 30 countries and operate an integrated business with
expertise spanning the entire value chain, enabling us to offer our customers
a broad range of innovative solutions for consumer and industrial end-use
applications. 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 2024, Mondi had revenues of €7.4 billion and underlying EBITDA of €1.0
billion. Mondi is listed on the London Stock Exchange in the ESCC category
(MNDI), where the Group is a FTSE100 constituent. It also has a secondary
listing on the JSE Limited (MNP).

mondigroup.com

Sponsor in South Africa: Merrill Lynch South Africa Proprietary Limited t/a
BofA Securities.

 

 

 

 

 

 

 

 

 

 



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