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07 Jun 2019 | 09:18

Mondi extends key date for simplification plan

Packaging company Mondi said progress on its simplification strategy, which would involve it dropping its listing in South Africa, had been held back while it awaited regulatory consents.

'Given all regulatory consents have not yet been received, the indicative date for fulfilment or waiver of the conditions for the simplification ... have been extended,' the company said.

Completion of the simplification, however, continued to be expected in the second half of 2019.

'Further information on the timetable for completion will be provided in due course,' Mondi said.

At 9:18am: (LON:MNDI) Mondi PLC share price was +14p at 1659.5p

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