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Dealing in securities by directors and company secretary
Sappi Limited
Reg No 1936/008963/06
(Incorporated in the Republic of South Africa)
JSE Code SAP
ISIN code ZAE000006284
(“Sappi” or “the Company”)
Dealing in securities by directors and company secretary
VESTING OF CONDITIONAL SHARE AWARDS GRANTED TO DIRECTORS OF A
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, its major subsidiary companies
and company secretary. 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 : 7 December 2016 (date participants informed of vesting)
Number of conditional : Various, see table below
Share awards granted
Date of grants : 7 December 2012
Implied price : R82.06 per share (closing price on 6 December 2016)
Vesting period : 4 years from date of grant
Percentage of grants : 100%
vested
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Page 1 of 5
Director’s name : S R Binnie
Company of which he is a : Sappi Limited
director
Number of grants vested Value R
100 000 R8 206 000.00
Director’s name : G R Bowles
Company of which he is a : Sappi Southern Africa
director
Number of grants vested Value R
39 000 R3 200 340.00
Director’s name : M Gardner
Company of which he is a : Sappi North America
director
Number of grants vested Value R
114 000 R9 354 840.00
Director’s name : T Hawkes
Company of which he is a : Sappi Southern Africa
director
Number of grants vested Value R
20 000 R1 641 200.00
Director’s name : N N Maelane
Company of which he is a : Sappi Southern Africa
director
Number of grants vested Value R
26 000 R2 133 560.00
Page 2 of 5
Director’s name : S Manchester (Company Secretary)
Company of which she is a : Sappi North America
director
Number of grants vested Value R
37 000 R3 036 220.00
Director’s name : P B McGrady
Company of which he is a : Sappi Southern Africa
director
Number of grants vested Value R
R3 200 340.00
39 000
Director’s name : C M Mowatt
Company of which he is a : Sappi Southern Africa
director
Number of grants vested Value R
29 000 R2 379 740.00
Director’s name : G T Pearce
Company of which he is a : Sappi Limited, Sappi North America,
director Sappi Southern Africa
Number of grants vested Value R
35 000 R2 872 100.00
Page 3 of 5
Director’s name : A Rossi
Company of which he is a : Sappi Southern Africa
director
Number of grants vested Value R
85 500 R7 016 130.00
Director’s name : A Thiel
Company of which he is a : Sappi Southern Africa
director
Number of grants vested Value R
100 000 R8 206 000.00
Director’s name : A J Tregoning (Company
Secretary)
Company of which she is a : Sappi Limited
director
Number of grants vested Value R
12 000 R984 720,00
Director’s name : G M van Aarde
Company of which he is a : Sappi Southern Africa
director
Number of grants vested Value R
26 000 R 2 133 560.00
Page 4 of 5
Director’s name : M van Hoven
Company of which he is a : Sappi North America, Sappi Southern Africa
director
Number of grants vested Value R
60 000 R4 923 600.00
Director’s name : R Wells
Company of which he is a : Sappi Southern Africa
director
Number of grants vested Value R
7 200 R590 832.00
Director’s name : B Wiersum
Company of which he is a : Sappi Europe
director
Number of grants vested Value R
100 000 R8 206 000.00
7 December 2016
Sponsor: UBS South Africa (Pty) Ltd
Date: 07/12/2016 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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