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Vesting of shares in terms of the share incentive plan
Sappi Limited
Reg No 1936/008963/06
(Incorporated in the Republic of South Africa)
JSE Code SAP
ISIN code ZAE000006284
NYSE code SPP
(“Sappi” or “the Company”)
20 December 2012
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 : 19 December 2012 (date participants informed of
vesting)
Number of conditional : Various, see table below
Share awards granted
Date of Grants : 22 December 2008
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 : Sappi Limited
he is a director
Number of Grants Awarded Number of Grants Vested Value (R)
154 000 57 750 1 760 797.50
Director’s Name : H Boner
Company of which : Sappi Fine Paper Europe
he is a director
Number of Grants Awarded Number of Grants Vested Value (R)
26 400 9 900 301 851.00
Director’s Name : H A de Jongh
Company of which : Sappi Southern Africa
he is a director
Number of Grants Awarded Number of Grants Vested Value (R)
37 400 14 025 427 622.25
Director’s Name : M Gardner
Company of which : Sappi Fine Paper North America
he is a director
Number of Grants Awarded Number of Grants Vested Value (R)
88 000 33 000 1 006 170.00
Director’s Name : N N Maelane
Company of which : Sappi Southern Africa
he is a director
Number of Grants Awarded Number of Grants Vested Value (R)
13 200 4 950 150 925.50
Director’s Name : S Manchester (Company Secretary)
Company of which : Sappi Fine Paper North America
she is a director
Number of Grants Awarded Number of Grants Vested Value (R)
33 000 12 375 377 313.75
Director’s Name : J M Miller
Company of which : Sappi Fine Paper North America
she is a director
Number of Grants Awarded Number of Grants Vested Value (R)
35 200 13 200 402 468.00
Director’s Name : C M Mowatt
Company of which : Sappi Southern Africa
he is a director
Number of Grants Awarded Number of Grants Vested Value (R)
37 400 14 025 427 622.25
Director’s Name : G Pearce
Company of which : Sappi Fine Paper Europe
he is a director
Number of Grants Awarded Number of Grants Vested Value (R)
38 500 14 438 440 214.62
Director’s Name : A Rossi
Company of which : Sappi Fine Paper North America, Sappi Southern Africa
he is a director
Number of Grants Awarded Number of Grants Vested Value (R)
55 000 20 625 628 856.25
Director’s Name : L Swartz
Company of which : Sappi Southern Africa, Sappi Fine Paper North America
she is a director
Number of Grants Awarded Number of Grants Vested Value (R)
44 000 16 500 503 085.00
Director’s Name : A Thiel
Company of which : Sappi Southern Africa
he is a director
Number of Grants Awarded Number of Grants Vested Value (R)
55 000 20 625 628 856.25
Director’s Name : G M Van Aarde
Company of which : Sappi Southern Africa
he is a director
Number of Grants Awarded Number of Grants Vested Value (R)
30 800 11 550 352 159.50
Director’s Name : A J W van der Merwe
Company of which : Sappi Southern Africa
he is a director
Number of Grants Awarded Number of Grants Vested Value (R)
28 600 10 725 327 005.25
Director’s Name : B Wiersum
Company of which : Sappi Fine Paper Europe
he is a director
Number of Grants Awarded Number of Grants Vested Value(R)
88 000 33 000 1 006 170.00
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
Date of transaction : 19 December 2012
Nature of transaction : Sale of shares to defray taxation payable on 57 750
shares referred to under R J Boëttger in (1) above
Number of Sharessold : 1) 7 164
2) 15 936
23 100
Selling price per share : 1) R30.56
2) R30.55
Total Value : R705 776.61
Class of security : Ordinary shares
Extent of interest Direct beneficial
Director’s Name : H A de Jongh
Company : Sappi Limited
Date of transaction : 19 December 2012
Nature of transaction : Sale of shares
Number of Sharessold : 14 025
Selling price per share : R30.60
Total Value : R429 165.00
Class of security : Ordinary shares
Extent of interest Direct beneficial
Director’s Name : J M Miller
Company : Sappi Limited
Date of transaction : 19 December 2012
Nature of transaction : Sale of shares
Number of Sharessold : 1) 1 332
2) 1 043
3) 10 656
4) 169
13 200
Selling price per share : 1) R30.56
2) R30.59
3) R30.58
4) R30.57
Total Value : R403 638.10
Class of security : Ordinary shares
Extent of interest Direct beneficial
Director’s Name : A Rossi
Company : Sappi Fine Paper North America, Sappi Southern Africa
Date of transaction : 20 December 2012
Nature of transaction : Sale of shares
Number of Sharessold : 1) 8 509
2) 12 116
20 625
Selling price per share : 1) R30.59
2) R30.58
Total Value : R630 797.59
Class of security : Ordinary shares
Extent of interest Direct beneficial
Denis O’Connor
Group Secretary
Sappi Limited
Denis.OConnor@Sappi.com
Sponsor: UBS South Africa (Pty) Ltd
Date: 20/12/2012 04:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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