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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”)
2 December 2015
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 : 2 December 2015 (date participants informed of vesting)
Number of conditional : Various, see table below
Share awards granted
Date of Grants : 2 December 2011
Implied price : R62.95 per share (closing price on 1 December 2015)
Vesting period : 4 years from date of grant
Percentage of grants : 50%
vested
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director’s name : G R Bowles
Company of which he is a : Sappi Southern Africa
director
Number of grants vested Value
R
26 500 R1 668 175.00
Director’s name : M Gardner
Company of which he is a : Sappi North America
director
Value
Number of grants vested
R
52 500 R3 304 875.00
Director’s name : T Hawkes
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants vested
R
12 000 R755 400.00
Director’s name : N N Maelane
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants vested
R
26 500 R1 668 175.00
Director’s name : S Manchester (Company Secretary)
Company of which she is a : Sappi North America
director
Value
Number of grants vested
R
20 000 R1 259 000.00
Director’s name : P B McGrady
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants vested
R
26 500 R1 668 175.00
Director’s name : C M Mowatt
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants vested
R
14 000 R881 300.00
Director’s name : G T Pearce
Company of which he is a : Sappi Limited, Sappi North America,
director Sappi Southern Africa
Value
Number of grants vested
R
27 750 R1 746 862.50
Director’s name : A Thiel
Company of which he is a : Sappi Southern Africa
director
Number of grants vested Value
R
50 000 R3 147 500.00
Director’s name : G M van Aarde
Company of which he is a : Sappi Southern Africa
director
Value
Number of grants vested
R
14 000 R881 300.00
Director’s name : M van Hoven
Company of which he is a : Sappi North America, Sappi Southern Africa
director
Value
Number of grants vested
R
22 500 R1 416 375.00
Director’s name : B Wiersum
Company of which he is a : Sappi Europe
director
Value
Number of grants vested
R
52 500 R3 304 875.00
Amanda J Tregoning
Group Secretary & Corporate Counsel
Sappi Limited
Tel +27 (0)11 407 8174
Fax +27 (0)11 339 1881
amanda.tregoning@sappi.com
Sponsor: UBS South Africa (Pty) Ltd
Date: 02/12/2015 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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