Mondi plc (LSE: MNDI), the global packaging and paper manufacturer incorporated in England and Wales, has disclosed that two of its directors acquired ordinary shares through the company's Share Incentive Plan on 6 November 2026. Group CEO Andrew King acquired 38 shares and Group CFO Mike Powell acquired 40 shares, both at a price of £7.76399 per share on the London Stock Exchange. The transactions, conducted under an HMRC-approved all-employee trust arrangement, are routine SIP acquisitions and represent an ongoing form of employee share ownership at senior executive level.

Key Points

  • Mondi plc (MNDI) — LSE and JSE dual-listed global packaging and paper group
  • Group CEO Andrew King and Group CFO Mike Powell each acquired ordinary shares via the Mondi Share Incentive Plan on 6 November 2026
  • King acquired 38 shares and Powell acquired 40 shares, both at £7.76399 per share; half of each holding was acquired for nil consideration as free matching shares
  • Investors may watch for further director SIP disclosures as participation continues on a monthly salary-deduction basis

Andrew King and Mike Powell Acquire Mondi Ordinary Shares at £7.76399 Under SIP Rules

The announcement confirms that on 6 November 2026, Group CEO Andrew King acquired 38 Mondi ordinary shares of €0.22 each at a price of £7.76399 per share via the Share Incentive Plan, with transactions executed on the London Stock Exchange. Group CFO Mike Powell similarly acquired 40 ordinary shares at the same price of £7.76399 on the same date and venue. In both cases, the announcement states that half of the shares acquired were obtained for nil consideration, representing the free matching shares element of the SIP structure. These are initial notifications filed in accordance with regulatory requirements.

How Mondi's HMRC-Approved Share Incentive Plan Works for UK Employees

Mondi's Share Incentive Plan is described in the announcement as an all-employee trust arrangement approved by UK HM Revenue and Customs. Under the plan, eligible UK employees — including directors — are able to purchase ordinary shares in Mondi plc using monthly deductions from their salary. Participants also receive allocations of free matching shares, with the price attributed to nil-consideration matching shares reflecting the market value on the day of purchase. The SIP structure is a well-established mechanism under UK tax legislation designed to encourage broad-based employee share ownership across qualifying companies.

Mondi's Dual London and Johannesburg Listing and Corporate Structure

Mondi plc is incorporated in England and Wales under registered number 6209386 and carries the LEI code 213800LOZA69QFDC9N34. The group holds a primary listing on the London Stock Exchange under the ticker MNDI and a secondary listing on the Johannesburg Stock Exchange under the ticker MNP, with J.P. Morgan Equities South Africa (Pty) Ltd acting as South African sponsor. Mondi's ordinary shares carry an ISIN of GB00BMWC6P49, with each share denominated at €0.22. The group's dual-listed structure reflects its operational and investor footprint spanning both European and southern African markets.