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RESULTS OF THE EIGHTY-FIRST ANNUAL GENERAL MEETING OF SAPPI
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")
RESULTS OF THE EIGHTY-FIRST ANNUAL GENERAL MEETING OF SAPPI
Shareholders are advised that at the Annual General Meeting of shareholders of the
Company held on Wednesday, 07 February 2018 at 14:00 all the resolutions tabled thereat
were passed by the requisite majority of shareholders.
Details of the results of voting at the Annual General Meeting are as follows :
• total number of Sappi shares in issue as at the date of the Annual General
Meeting : 577 164 049 (557 202 573 ordinary shares and 19 961 476 “A” ordinary
shares).
• total number of Sappi shares that could have been voted at the Annual General Meeting
(excluding the treasury shares) : 558 569 539.
• total number of Sappi shares that were present/represented at the Annual General
Meeting : 453 163 691 being 81% of the total number of Sappi shares that could have
been voted at the Annual General Meeting.
Page 2 of 4
1. Ordinary resolution number 1 – Receipt and acceptance of 2017 Annual
Financial Statements, including directors’ report, auditors’ report and Audit
Committee report
For Against Abstain Shares voted
451 026 266 8 527 2 128 898 451 034 793
100,00% 0,00% 0,38% 81,10% 1
0,37% 78,15% 2
2. Ordinary resolution number 2 – Approval and confirmation of appointment
of Dr B Mehlomakulu as a director of Sappi
For Against Abstain Shares voted
452 858 306 9 531 295 854 452 867 837
100,00% 0,00% 0,05% 81,43% 1
0,05% 78,46% 2
3. Ordinary resolution number 3.1 – Re-election of Sir Nigel Rudd as a director
of Sappi
For Against Abstain Shares voted
431 933 443 16 329 185 4 901 063 448 262 628
93,36% 3,64% 0,88% 80,60% 1
0,85% 77,67% 2
4. Ordinary resolution number 3.2 – Re-election of Mr NP Mageza as a director
of Sappi
For Against Abstain Shares voted
389 231 755 63 636 082 295 854 452 867 837
85,95% 14,05% 0,05% 81,43% 1
0,05% 78,46% 2
5. Ordinary resolution number 3.3 – Re-election of Mr MV Moosa as a director
of Sappi
For Against Abstain Shares voted
399 494 119 53 373 718 295 854 452 867 837
88,21% 11,79% 0,05% 81,43% 1
0,05% 78,46% 2
6. Ordinary resolution number 4.1 – Election of Dr D Konar as chairman of the
Audit Committee - Withdrawn
7. Ordinary resolution number 4.2 – Election of Mr MA Fallon as a member of
the Audit Committee
For Against Abstain Shares voted
452 859 110 8 727 295 854 452 867 837
100,00% 0,00% 0,05% 81,43% 1
0,05% 78,46% 2
8. Ordinary resolution number 4.3 – Election of Mr NP Mageza as a member of
Page 3 of 4
the Audit Committee
For Against Abstain Shares voted
392 998 255 59 869 582 295 854 452 867 837
86,78% 13,22% 0,05% 81,43% 1
0,05% 78,46% 2
9. Ordinary resolution number 4.4 – Election of Mrs KR Osar as a member of
the Audit Committee
For Against Abstain Shares voted
446 759 464 6 108 373 295 854 452 867 837
98,65% 1,35% 0,05% 81,43% 1
0,05% 78,46% 2
10. Ordinary resolution number 4.5 – Election of Mr RJAM Renders as a
member of the Audit Committee
For Against Abstain Shares voted
452 859 110 8 727 295 854 452 867 837
100,00% 0,00% 0,05% 81,43% 1
0,05% 78,46% 2
11. Ordinary resolution number 5 – Re-appointment of KPMG Inc. as auditors of
Sappi for the year ending September 2018 and until the next Annual
General Meeting of Sappi
For Against Abstain Shares voted
413 864 267 19 780 876 19 518 548 433 645 143
95,44% 4,56% 3,51% 77,98% 1
3,38% 75,13% 2
12. Ordinary resolution number 6.1 – The placing of all ordinary shares
required for the purpose of carrying out the terms of the Sappi Limited
Performance Share Incentive Plan (“the Plan”) under the control of the
directors to allot and issue in terms of the Plan
For Against Abstain Shares voted
449 361 040 3 506 350 296 301 452 867 390
99,23% 0,77% 0,05% 81,43% 1
0,05% 78,46% 2
13. Ordinary resolution number 6.2 – The authority for any subsidiary of Sappi
to sell and to transfer to the Sappi Limited Share Incentive Scheme and the
Sappi Limited Performance Share Incentive Plan (collectively “the
Schemes”) such shares as may be required for the purposes of the
Schemes
For Against Abstain Shares voted
447 387 085 2 692 533 3 094 073 450 069 618
99,40% 0,60% 0,56% 80,93% 1
0,54% 77,98% 2
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14. Ordinary resolution number 7 – Non-binding endorsement of Remuneration
policy
For Against Abstain Shares voted
447 387 560 2 550 370 3 225 761 449 937 930
99,43% 0,57% 0,58% 80,91% 1
0,56% 77,96% 2
15. Ordinary resolution number 8 – Non-binding endorsement of
Implementation report
For Against Abstain Shares voted
414 427 624 35 376 959 3 359 108 449 804 583
92,14% 7,86% 0,60% 80,88% 1
0,58% 77,93% 2
16. Special resolution number 1 – Increase in non-executive directors’ fees
For Against Abstain Shares voted
442 006 803 10 860 616 296 272 452 867 419
97,60% 2,40% 0,05% 81,43% 1
0,05% 78,46% 2
17. Special resolution number 2 – Authority for loans or other financial
assistance to related or inter-related companies or corporations
For Against Abstain Shares voted
449 291 971 3 575 440 296 280 452 867 411
99,21% 0,79% 0,05% 81,43% 1
0,05% 78,46% 2
18. Ordinary resolution number 9 – Authority for directors to sign all
documents and do all such things necessary to implement the above
resolutions
For Against Abstain Shares voted
452 858 272 9 631 295 788 452 867 903
100,00% 0,00% 0,05% 81,43% 1
0,05% 78,46% 2
1 Disclosed as a percentage of the voteable shares
2 Disclosed as a percentage of the total issued capital
Johannesburg
Announcement
08 February 2018
Sponsor : UBS South Africa (Pty) Ltd
Date: 08/02/2018 04:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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