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Report on proceedings at the annual general meeting
Sappi Limited
(Incorporated in the Republic of South Africa)
(Registration number 1936/008963/06
JSE share code: SAP
ISIN: ZAE000006284
"Sappi" or “the Company”
REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING
At eighty sixth annual general meeting ("AGM") of the shareholders of Sappi held on Wednesday, 08 February 2023 all the ordinary and special resolutions proposed at
the meeting were approved by the requisite majority of votes. In this regard, Sappi confirms the voting statistics from the AGM as follows:
Resolutions Votes cast disclosed as a Number of Shares voted Shares abstained
percentage in relation to the shares voted disclosed as a disclosed as a
total number of shares voted percentage in percentage in
at the meeting relation to the relation to the total
total issued issued shares*
shares*
For Against
Ordinary resolution number 1 – Re-election of Mr MA Fallon as 77.94 22.06 511,768,508 89.47 0.01
a director of Sappi
Ordinary resolution number 2 – Re-election of Mr NP Mageza 76.96 23.04 511,772,008 89.47 0.01
as a director of Sappi
Ordinary resolution number 3 – Re-election of Dr B 85.02 14.98 511,772,008 89.47 0.01
Mehlomakulu as a director of Sappi
Ordinary resolution number 4 – Re-election of Mr GT Pearce 99.49 0.51 511,768,508 89.47 0.01
as a director of Sappi
Ordinary resolution number 5 – Election of Mr LL von Zeuner 99.37 0.63 511,768,508 89.47 0.01
as a director of Sappi
Ordinary resolution number 6 – Election of Ms E Istavridis as 99.84 0.16 511,768,508 89.47 0.01
a director of Sappi
Ordinary resolution number 7 – Election of Mr NL Sowazi as a 98.96 1.04 511,771,908 89.47 0.01
director of Sappi
Ordinary resolution number 8 – Election of Mr NP Mageza as 76.85 23.15 511,768,508 89.47 0.01
a member and chairperson of the Audit and Risk Committee
Ordinary resolution number 9 – Election of Ms ZN Malinga as 98.06 1.94 511,772,008 89.47 0.01
a member of the Audit and Risk Committee
Ordinary resolution number 10 – Election of Dr B Mehlomakulu 81.88 18.12 511,772,008 89.47 0.01
as a member of the Audit and Risk Committee
Ordinary resolution number 11 – Election of Mr RJAM 98.68 1.32 511,768,508 89.47 0.01
Renders as a member of the Audit and Risk Committee
Ordinary resolution number 12 – Election of Mr LL von Zeuner 97.69 2.31 511,713,004 89.46 0.02
as a member of the Audit and Risk Committee
Ordinary resolution number 13 – Election of Ms E Istavridis as 98.93 1.07 511,768,508 89.47 0.01
a member of the Audit and Risk Committee
Ordinary resolution number 14 – Election of Mr NL Sowazi as 95.28 4.72 511,772,008 89.47 0.01
a member of the Audit and Risk Committee
Ordinary resolution number 15 – Re-appointment of KPMG Inc 99.92 0.08 511,769,533 89.47 0.01
as auditors of Sappi for the financial year ending 30
September 2023 and until the conclusion of the next annual
general meeting of Sappi
Ordinary resolution number 16 - Non-binding endorsement of 95.16 4.84 510,304,393 89.22 0.27
remuneration policy
Ordinary resolution number 17 - Non-binding endorsement of 85.03 14.97 510,781,376 89.30 0.19
remuneration implementation report
Special resolution number 1 - General authority to repurchase 78.09 21.91 511,746,500 89.47 0.02
shares
Special resolution number 2 - Non-executive directors' fees 98.57 1.43 511,714,279 89.46 0.02
Special resolution number 3 – Loans or other financial 82.05 17.95 510,303,446 89.22 0.27
assistance to related or inter-related companies or
corporations and to any person related to the company or any
such company or corporation
Ordinary resolution number 18 - Authority for directors and 99.72 0.28 511,768,508 89.47 0.01
Group Company Secretary to sign all documents and do all
such things necessary or reasonably desirable for or incidental
to the implementation of the above resolutions
*Total issued shares is 571 987 233
The special resolution/s will, where necessary, be lodged for registration with the Companies and Intellectual Property Commission in due course.
09 February 2023
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 09-02-2023 05:14:00
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