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SAP - Sappi Limited - Dealing in securities by directors of listed companies
Sappi Limited
(Registration number 1936/008963/06)
(Incorporated in the Republic of South Africa)
Share code: SAP ISIN: ZAE000006284)
("Sappi" or the "Company")
DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANIES
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we
hereby provide the following information regarding dealing in securities of
Sappi by a director of one of the Company`s major subsidiary companies and
Company Secretary. Clearance for the dealing was received in terms of Listings
Requirement 3.66, as follows:
Director`s Name
(Company Secretary) : A J W van Der Merwe
Company : Sappi Southern Africa
Date of transaction : 22 December 2008
Nature of transaction : Sale of shares arising from exercise of
rights to shares in terms of the Sappi
Limited Share
Incentive Scheme
Number of rights : 1. 8,000
Exercised/shares sold : 2. 9,200
Dates rights granted 1. 15 January 2001 : R49.00 linked to :
and price : 2. 15 December 2008 arising from grant
of
15 January 2001 to take into
cognizance rights offer : R20.27
Vesting period : Over 5 years expiring after 8 years
Selling price : R36,00
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director`s Name
(Company Secretary) : J Miller
Company (Subsidiary) : Sappi Fine Paper North America
Date of transaction : 24 December 2008
Nature of transaction: Sale of shares arising from exercise of
rights to shares in terms of the Sappi
Limited Share Incentive Scheme
Number of rights : 1. 2,500
Exercised/shares sold : 2. 3,000
Dates rights granted 1. 15 January 2001 : R49.00 linked to:
and price : 2. 15 December 2008 arising from grant
of
15 January 2001 to take into
cognizance rights offer : R20.27
Vesting period : Over 5 years expiring after 8 years
Selling price : R36,00
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director`s Name
(Company Secretary) : C M Mowatt
Company (Subsidiary) : Sappi Southern Africa
Date of transaction : 24 December 2008
Nature of transaction : Sale of shares arising from exercise of
rights to shares in terms of the Sappi
Limited Share Incentive Scheme
Number of rights : 1. 2,700
Exercised/shares sold : 2. 3,240
Dates rights granted 1. 15 January 2001 : R49.00 linked to :
and price : 2. 15 December 2008 arising from grant
of
15 January 2001 to take into
cognizance rights offer : R20.27
Vesting period : Over 5 years expiring after 8 years
Selling price : R36,20
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director`s Name
(Company Secretary) : D J O`Connor
Company : Sappi Limited
Date of transaction : 23 December 2008
Nature of transaction: Sale of shares arising from exercise of
rights to shares in terms of the Sappi
Limited Share Incentive Scheme
Number of rights : 1. 1,600
Exercised/shares sold : 2. 1,920
Dates rights granted 1. 15 January 2001 : R49.00 linked to:
and price : 2. 15 December 2008 arising from grant
of
15 January 2001 to take into
cognizance rights offer : R20.27
Vesting period : Over 5 years expiring after 8 years
Selling price : R36,00
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director`s Name : M R Thompson
Company : Sappi Limited
Date of transaction : 24 December 2008
Nature of transaction: Payment for shares in terms of
obligations under the Sappi Limited
Share Incentive Scheme
Number of shares acquired : 1. 3,000
2. 3,600
Dates rights granted 1. 15 January 2001 :R49,00 linked to
and prices :
2. 15 December 2008 :arising from
grant of
15 January 2001 to take cognizance
of rights offer : R20,27
Vesting period : 1. Over 5 years, maximum 8 years
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director`s Name
(Company Secretary) : A D Tubb
Company (Subsidiary) : Sappi Southern Africa
Date of transaction : 24 December 2008
Nature of transaction: Sale of shares arising from exercise of
rights to shares in terms of the Sappi
Limited Share Incentive Scheme
Number of rights : 1. 9,000
Exercised/shares sold : 2. 10,800
Dates rights granted 1. 15 January 2001 : R49.00 linked to :
and price : 2. 15 December 2008 arising from grant
of
15 January 2001 to take into
cognizance rights offer : R20.27
Vesting period : Over 5 years expiring after 8 years
Selling price : R35,68
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director`s Name : S G Manchester
Company (Subsidiary) : Sappi Fine Paper North America
Date of transaction : 24 December 2008
Nature of transaction : Sale of shares
Number of rights
exercised/shares sold : 3,459
Dates rights granted
and prices : N/A
Vesting period : N/A
Selling price : R36,01
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director`s Name : J L Miller
Company (Subsidiary) : Sappi Fine Paper North America
Date of transaction : 24 December 2008
Nature of transaction : Sale of shares
Number of rights
exercised/shares sold : 4,612
Dates rights granted
and prices : N/A
Vesting period : N/A
Selling price : R36,01
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Company Secretary`s Name : Denis James O`Connor
Company : Sappi Limited
Date of transaction : 24 December 2008
Nature of transaction : Sale of shares
Number of rights
exercised/shares sold : 1,000
Dates rights granted
and prices : N/A
Vesting period : N/A
Selling price : R36,49
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Date: 29/12/2008 16:52:45 Supplied by www.sharenet.co.za
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