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Sappi Limited - Dealing In Securities By Directors Of Listed Companies

Release Date: 11/09/2006 16:14
Code(s): SAP
Wrap Text

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 Company"s major subsidiary companies. The dealing which is in terms of the Sappi Limited Share Incentive Scheme, and for which clearance was received in terms of Listings Requirement 3.66, is as follows: Director"s Name : Kaj Burchardi Company (Subsidiary) : Sappi International SA Date of transaction : 7 September 2006 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 exercised/shares sold : 6 150 Dates rights granted 11 December 1998 : R22,10 Vesting period : Over 5 years Selling price : R95,00 Class of security : Ordinary shares Extent of interest : Direct beneficial Johannesburg 11 September 2006 Date: 11/09/2006 04:15:03 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department