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Sappi Limited - Granting of conditional share awards to directors

Release Date: 19/12/2005 10:28
Code(s): SAP
Wrap Text

Sappi Limited - Granting of conditional share awards to directors Sappi Limited (Registration number 1936/008963/06) (Incorporated in the Republic of South Africa) Share code: SAP & ISIN: ZAE000006284 ("Sappi" or the "Company") GRANTING OF CONDITIONAL SHARE AWARDS TO DIRECTORS OF LISTED COMPANY In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we hereby provide the following information regarding the granting of options by Sappi to the undermentioned directors of the Company and its major subsidiary companies: Date of transaction : 13 December 2005 Nature of transaction: Grants of conditional share awards in terms of the Sappi Limited Performance Share Incentive Plan Strike price : n/a Vesting dates for Conditional share awards : 13 December 2009 Class of security : Ordinary shares Extent of interest : Direct beneficial The necessary authority in terms of 3.66 was obtained. DIRECTOR"S NAME COMPANY NUMBER OF CONDITIONAL SHARE AWARDS K BURCHARDI Sappi International 8 000 J BONER Sappi Fine Paper Europe 4 000 (Co Secretary) BM DICK Sappi Forest Products 15 000 H GEBREITER Sappi Fine Paper Europe 14 000 RD HOPE Sappi Fine Paper North America 35 000 JH LABUSCHAGNE Sappi Forest Products 15 000 JCA LESLIE Sappi Limited 100 000 VAR LUBBE Sappi Fine Paper Europe, Sappi 15 000 Fine Paper North America, Sappi Forest Products H MARTIN Sappi Papier Holding 15 000 DM MNCUBE Sappi Forest Products 15 000 L NEWMAN Sappi International 6 000 DJ O"CONNOR Sappi Limited (Co Secretary) 2 000 J PASSLER Sappi International 5 000 W PFARL Sappi Fine Paper Europe 42 000 A ROSSI Sappi Forest Products 15 000 M SPALLART Sappi Forest Products 15 000 MR THOMPSON Sappi Papier Holding 24 000 R THUMMER Sappi Fine Paper Europe 14 000 AD TUBB Sappi Forest Products 15 000 M TURNER Sappi Fine Paper Europe, Sappi 17 000 Fine Paper North America AJW VAN DER MERWE Sappi Forest Products 15 000 AP WAGENAAR Sappi Forest Products 42 000 DG WILSON Sappi Limited 42 000 H ZONDAG SAPPI FINE PAPER EUROPE, SAPPI 15 000 FINE PAPER NORTH AMERICA
19 December 2005 Date: 19/12/2005 10:28:28 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department