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SAP - Sappi Limited - Granting of options to directors of listed company -

Release Date: 06/12/2011 17:13
Code(s): SAP
Wrap Text

SAP - Sappi Limited - Granting of options to directors of listed company - Replacement of announcement sent at 16h21 Sappi Limited Reg No 1936/008963/06 (Incorporated in the Republic of South Africa) JSE Code SAP ISIN code ZAE 000006284 NYSE code SPP ("Sappi" or "the Company") GRANTING OF OPTIONS TO DIRECTORS OF LISTED COMPANY In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we hereby provide the following information regarding the granting of options by Sappi to the undermentioned directors of the Company and its major subsidiary companies. The necessary authority in terms of paragraph 3.66 was obtained and these were off-market transactions: Date of notification of transaction : 5 December 2011 Nature of transaction : Grants of Options in terms of the Sappi Limited Share Incentive Scheme Strike price : R22.90 per share option (Being closing share price on JSE on 1 December 2011) Vesting dates for : Over 4 years at a rate of 25% per annum commencing exercise of share options 2December 2011) Class of security : Ordinary shares Extent of interest : Direct beneficial DIRECTOR`S NAME COMPANY NUMBER OF VALUE OPTIONS
S BLYTH Sappi International SA 20 000 R458 000 J L DI AMATO Sappi International SA 08 000 R183 200 LJ NEWMAN Sappi International SA 20 000 R458 000 DJ O`CONNOR Sappi Limited (Co Secretary) 15 000 R343 500 J PASSLER Sappi International SA 30 000 R687 000 R PEELMAN Sappi International SA 08 000 R183 200 6 December 2011 Sponsor: UBS South Africa (Pty) Ltd Date: 06/12/2011 17:13:43 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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