Mondi plc
Incorporated in England and Wales
Registered number: 6209386
Tax registration number: 454 12394 14454
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI ISIN: GB00BMWC6P49
JSE share code: MNP
8 October 2026
2026 Annual General Meeting voting update statement
In accordance with Provision 4 of the UK Corporate Governance Code (the "Code"),
Mondi plc ("Mondi" or the "Company"') provides this update on the announcement
made on 24 April 2026 regarding Resolutions 18 (Authority to disapply pre
-emption rights) and 20 (Authority to hold general meetings on 14 days' notice).
While both resolutions received sufficient support to be passed, with respective
votes in favour of 78.36% and 78.33% at the 2026 Annual General Meeting (the
"AGM"), there were a number of votes (21.64% and 21.67% respectively) against
these resolutions.
Resolution 18 - Authority to disapply pre-emption rights
Consistent with the approach taken in prior years, the authority requested,
being up to 5% of issued capital, was below the maximum authority permitted by
the Pre-Emption Group's Statement of Principles and reflected UK listed company
market practice.
The Company is aware that certain of Mondi's shareholders on the South African
register have historically voted against this resolution and this continued to
be the case this year. The Company has engaged with a number of those
shareholders that voted against the resolution and understands that these votes
continued to reflect their voting policies in this area.
Mondi continues to believe that the resolution provides the directors with a
degree of flexibility that is in the best interests of the Company and its
shareholders. However, it is committed to maintaining an open and constructive
dialogue with all of its shareholders and will continue to consider its approach
on this matter.
Resolution 20 - Authority to hold general meetings on 14 days' notice
This resolution sought approval for the Company to call general meetings (other
than an Annual General Meeting) on not less than 14 clear days' notice, in line
with UK listed company market practice.
Subsequent to the AGM, the Company has engaged with a number of those
shareholders that voted against this resolution. We understand that certain
shareholders typically vote against such resolutions as a matter of established
voting policy due to concerns around the limited time this reduced notice period
would allow to consider proposals, brief underlying beneficial owners and obtain
voting instructions.
The Company believes that having the flexibility to call general meetings on
short notice is, in certain circumstances, in the best interests of the Company
and its shareholders. However the Board understands the concerns raised by
shareholders and will continue to consider the merits of proposing this type of
resolution at future AGMs.
In accordance with the Code, a final update on the above matters will be
included in Mondi's 2026 Integrated report and financial statements.
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 2025, Mondi had revenues of €7.7 billion and underlying EBITDA of €1.0
billion. Mondi is listed on the London Stock Exchange in the ESCC category
(MNDI). It also has a secondary listing on the JSE Limited (MNP).
Sponsor in South Africa: J.P. Morgan Equities South Africa (Pty) Ltd
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