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Dealings in securities by directors of listed companies
Sappi Limited
(Incorporated in the Republic of South Africa)
Registration number: 1936/008963/06
JSE share code: SAP
ISIN code: ZAE000006284
(‘Sappi’ or ‘the Company’)
DEALINGS 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 and clearance for the dealings were
received in terms of Listings Requirement 3.66, as follows:
Director’s name : S Blyth
Company (Subsidiary) : Sappi Papier Holdings
Date of transaction : 13 December 2016
Nature of transaction : Sale of shares (on market) arising from vesting
of conditional share plan awards as per SENS
announcement previously issued by Sappi
Limited
Number of shares sold : 12 000 shares
Selling price per share : R87.42
Total value : R1 049 040.00
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Page 1 of 4
Director’s name : R Wells
Company (Subsidiary) : Sappi Southern Africa Limited
Date of transaction : 13 December 2016
Nature of transaction : Sale of shares (on-market) arising from exercise of rights
to vested shares in terms of the Sappi Limited Share
Option Scheme
Number of rights : 8 000
exercised/shares sold
Selling price per share : R87.00
Total value : R696 000.00
Director’s name : D van Aarde
Company (Subsidiary) : Sappi Southern Africa Limited
Date of transaction : 14 December 2016
Nature of transaction : Sale of shares (on-market)
Number of shares sold : 5 000
Selling price per share : R88.00
Total value : R440 000.00
Page 2 of 4
Director’s name : M Gardner
Company (Subsidiary) : Sappi North America
Date of transaction : 13 December 2016
Nature of transaction : On-market purchase of shares
Number of shares purchased : 13 200
Volume weighted average : R86.3489 (high: R86.52; low: R86.12)
purchase price per share:
Total value : R 1 139 805.48
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director’s name : M van Hoven
Company (Subsidiary) : Sappi Southern Africa/Sappi North America
Date of transaction : 14 December 2016
Nature of transaction : Sale of shares (on market) to settle tax liability
arising from vesting of conditional share awards as
per SENS announcement previously issued by
Sappi Ltd
Number of shares purchased : 23 500
Selling price per share: : R87. 80
Total value : R 2 063 300.00
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Page 3 of 4
Shareholders are also referred to the director’s dealing announcement released on SENS on
12 December 2016 where it was disclosed that T Hawkes had sold 70000 shares instead of
7000 shares on 9 December 2016. Shareholders are advised to disregard the previous
announcement in this regard and to refer to the information below:
Director’s name : T Hawkes
Company (Subsidiary) : Sappi Southern African Limited
Date of transaction : 9 December 2016
Nature of transaction : Sale of shares (on market) arising from vesting of
conditional share awards as per SENS
announcement previously issued by Sappi Ltd
Number of shares sold : 7 000 shares
Average weighted selling price : R85.00
per share
Total value : R595 000.00
Class of security : Ordinary shares
Extent of interest : Direct beneficial
15 December 2016
Sponsor: UBS South Africa (Pty) Ltd
Date: 15/12/2016 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
