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Dealing in Securities by Directors and Company Secretaries
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’)
DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARIES
Vesting of conditional share awards granted to directors of a listed company
In terms of paragraph 3.63 of the Listings Requirements ("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 secretaries. The necessary authority in terms of
paragraph 3.66 of the Requirements 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 Trust
Date of transaction : 13 December 2017
Number of conditional : Various, see table below
Share awards granted
Date of grant : 13 December 2013
Implied price : R96.99 per share (closing price on 12 December 2017)
Vesting period : 4 years from date of grant
Percentage of grants : 100%
vested
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director’s name : S R Binnie
Company of which he is a : Sappi Limited
director
Value
Number of grants vested
R
110 000 R10 668 900.00
Director’s name : M Gardner
Company of which he is a : Sappi North America / Sappi Papier Holding GmbH
director
Value
Number of grants vested
R
110 000 R10 668 900.00
Director’s name : B Koehldorfer
Company of which he is a : Sappi Papier Holding GmbH
director
Value
Number of grants vested
R
12 000 R1 163 880.00
Director’s name : S Manchester (Company Secretary)
Company of which she is : Sappi North America
Company Secretary
Value
Number of grants vested
R
32 000 R3 103 680.00
Director’s name : P Moodley
Company of which he is a : Sappi Southern Africa Limited
director
Value
Number of grants vested
R
5 200 R504 348.00
Director’s name : W Morrow
Company of which he is a : Sappi Papier Holding GmbH
director
Value
Number of grants vested
R
5 200 R504 348.00
Director’s name : J Pässler
Company of which he is a : Sappi Papier Holding GmbH
director
Value
Number of grants vested
R
27 000 R2 618 730.00
Director’s name : G T Pearce
Company of which he is a : Sappi Limited
director
Value
Number of grants vested
R
33 000 R3 200 670.00
Director’s name : A Thiel
Company of which he is a : Sappi Southern Africa Limited
director
Value
Number of grants vested
R
110 000 R10 668 900.00
Director’s name : A J Tregoning (Company Secretary)
Company of which she is : Sappi Limited
Company Secretary
Value
Number of grants vested
R
15 000 R1 454 850.00
Director’s name : M van Hoven
Company of which he is a : Sappi North America
director
Value
Number of grants vested
R
90 000 R8 729 100.00
Director’s name : B Wiersum
Company of which he is a : Sappi Papier Holding GmbH
director
Value
Number of grants vested
R
110 000 R10 668 900.00
Sponsor: UBS South Africa (Pty) Ltd
14 December 2017
Date: 14/12/2017 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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