Mondi Group: 2024 Final Dividend ZAR/euro Exchange Rate

On 20 February 2025, Mondi Group announced, in its Preliminary Results announcement, that a proposed final dividend for the year ended 31 December 2024 of 46.67 euro cents per ordinary share will be paid on Friday, 16 May 202,5, to all Mondi plc ordinary shareholders on either the UK main register or the South African branch register on Friday 4 April 2025.
The final dividend is subject to the approval of shareholders at the annual general meeting scheduled for Thursday, ay 8 May 2025.
Mondi plc will pay its dividend in euros. However, ordinary shareholders resident in the United Kingdom will receive the final dividend in sterling (unless shareholders have elected to receive their dividend in euro). The last date for euro currency elections will be Tuesday, 22 April 2025. The euro/sterling exchange rate for this payment will be set on Thursday,y 24 April 2025.
Shareholders holding their shares on the South African branch register will receive the final dividend in South African rand cents, converted on Thursday, 20 February 2025, at a rate of EUR 1 to ZAR 19.31475. Therefore, the equivalent gross final dividend in rand cents per ordinary share will be 901.41938.
For shareholders holding their shares on the South African branch register, the dividend will, for South African dividends tax purposes, be taxed like local dividends.  As such, for South African tax resident shareholders holding their shares on the South African branch register, dividends withholding tax will be withheld from the dividends payable to these shareholders at a rate of 20 unless a shareholder qualifies for an exemption, resulting in a net final dividend of 721.13550 rand cents per ordinary share. Shareholders holding their shares on the South African branch register who are not tax residents in South Africa are exempt from South African dividends withholdings tax.
For South Africa dividends tax reporting, the source of income for the payment of the dividend is the United Kingdom.
Additional Information
The final dividend will be paid from income reserves.
Mondi plc had a total of 441,412,530 ordinary shares in issue, of which 191,613,336 were held on the branch register, excluding treasury shares, at the final dividend recommendation date of 20 February 2025.
For the full document, click the link below:
Mondi Plc
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