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Vesting of conditional share awards granted to directors of listed company
Sappi Limited
Reg No 1936/008963/06
(Incorporated in the Republic of South Africa)
JSE Code SAP
ISIN code ZAE000006284
(“Sappi” or “the Company”)
1. Vesting of conditional share awards granted 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 vesting of conditional share awards granted
by Sappi to the undermentioned directors of the Company and its major subsidiary
companies. The necessary authority in terms of paragraph 3.66 was obtained and these
were off-market transactions:
Nature of transaction : Vesting of grants of conditional share awards in terms of
the Sappi Limited Performance Share Incentive Plan.
Date of transaction : 9 December 2013 (date participants informed of vesting)
Number of conditional : Various, see table below
Share awards granted
Date of Grants : 9 December 2009
Vesting period : 4 years from date of grant
Percentage of grants : 37.5%, see table below
vested
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director’s name : R J Boëttger
Company of which he is a : Sappi Limited, Sappi Fine Paper Europe, Sappi Fine
director Paper North America, Sappi Southern Africa
Value
Number of grants awarded Number of grants vested
R
195 000 73 125 2 160 112.50
Director’s name : H Boner (Company Secretary)
Company of which he is a : Sappi Fine Paper Europe
secretary
Value
Number of grants awarded Number of grants vested
R
51 300 19 238 568 290.52
Director’s name : H A de Jongh
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants awarded Number of grants vested
R
53 500 20 063 592 661.02
Director’s name : M Gardner
Company of which he is a : Sappi Fine Paper North America
director
Value
Number of grants awarded Number of grants vested
R
120 000 45 000 1 329 300
Director’s name : N N Maelane
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants awarded Number of grants vested
R
43 000 16 125 476 332.50
Director’s name : T Hawkes
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants awarded Number of grants vested
R
38 200 14 325 423 160.50
Director’s name : S Manchester (Company Secretary)
Company of which she is a : Sappi Fine Paper North America
director
Value
Number of grants awarded Number of grants vested
R
52 500 19 688 581 583.52
Director’s name : J M Miller
Company of which she is a : Sappi Fine Paper North America
director
Value
Number of grants awarded Number of grants vested
R
47 750 17 906 528 943.24
Page 3 of 7
Director’s name : C M Mowatt
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants awarded Number of grants vested
R
47 700 17 888 528 411.52
Director’s name : G Pearce
Company of which he is a : Sappi Fine Paper Europe
director
Value
Number of grants awarded Number of grants vested
R
51 300 19 238 568 290.52
Director’s name : M Quaedvlieg
Company of which he is a : Sappi Fine Paper Europe
director
Value
Number of grants awarded Number of grants vested
R
51 300 19 238 568 290.52
Director’s name : A Rossi
Company of which he is a : Sappi Fine Paper North America, Sappi Southern
director Africa
Value
Number of grants awarded Number of grants vested
R
80 000 30 000 886 200.00
Director’s name : L Swartz
Company of which she is a : Sappi Fine Paper North America, Sappi Southern
director Africa
Value
Number of grants awarded Number of grants vested
R
65 000 24 375 720 037.50
Director’s name : A Thiel
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants awarded Number of grants vested
R
80 000 30 000 886 200.00
Director’s name : G M van Aarde
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants awarded Number of grants vested
R
43 000 16 125 476 332.50
Director’s name : B Wiersum
Company of which he is a : Sappi Fine Paper Europe
director
Value
Number of grants awarded Number of grants vested
R
120 000 45 000 1 329 300.00
2. 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 directors of the
Company and its major subsidiaries. The dealings were on-market transactions and
clearances for the dealings were received in terms of Listings Requirement 3.66, as follows:
Director’s name : R J Boëttger
Company : Sappi Limited, Sappi Fine Paper Europe, Sappi Fine Paper
North America, Sappi Southern Africa
Date of transaction : 9 December 2013
Nature of transaction : Sale of shares to defray taxation payable on 73 125 shares
referred to under R J Boëttger in (1) above.
Number of shares sold : 30 347
Selling price per share : R28.9716
Total value : R879 201.15
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director’s name : H A de Jongh
Company : Sappi Southern Africa
Date of transaction : 10 December 2013
Nature of transaction : Sale of shares
Number of shares sold : 20 063
Selling price per share : R29.3004
Total value : R587 853.93
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director’s name : J M Miller
Company : Sappi Fine Paper North America
Date of transaction : 10 December 2013
Nature of transaction : Sale of shares
Number of shares sold : 17 906
Selling price per share : R29.3898
Total value : R526 253.76
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director’s name : S Manchester
Company : Sappi Fine Paper North America
Date of transaction : 10 December 2013
Nature of transaction : Sale of shares
Number of shares sold : 19 688
Selling price per share : R29.3269
Total value : R577 388.00
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Denis O’Connor
Group Secretary
Sappi Limited
Tel +27 (0)11 407 8072
Fax +27 (0)11 339 1881
Denis.OConnor@Sappi.com
11 December 2013
Sponsor: UBS South Africa (Pty) Ltd
Date: 11/12/2013 11:41:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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