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SAP - Sappi Limited - Dealing in securities by directors of listed companies

Release Date: 21/12/2011 12:02
Code(s): SAP
Wrap Text

SAP - Sappi Limited - Dealing in securities by directors of listed companies Sappi Limited (Registration number 1936/008963/06) (Incorporated in the Republic of South Africa) Share code: SAP ISIN: ZAE000006284); NYSE code SPP ("Sappi" or the "Company") Dealing in securities by directors of listed companies In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we hereby provide the following information regarding dealing in securities of Sappi by directors of the Company and of the Company`s major subsidiary companies. Clearance for the dealings was received in terms of Listings Requirement 3.66, as follows: 1. Director`s Name : M R Thompson Company : Sappi Limited Date of transaction : 20 December 2011 Nature of transaction : Sale of shares to defray taxation payable on 24 695 shares which vested for Mr Thompson in terms of the Sappi Limited Performance Share Incentive Plan as per SENS Announcement of
15 December 2011. Number of shares sold : 10 600 Selling price : R23.62 (3 933 shares) R23.63 (2 897 shares)
R23.64 (2 777 shares) R23.66 (993 shares) Total value : R250 496.23 Method of trade : On market Class of security : Ordinary shares Extent of interest : Direct beneficial 2. Director`s Name : A Rossi Company (Subsidiary) : Sappi Southern Africa / Sappi Fine Paper North America Date of transaction : 20 December 2011 Nature of transaction : Sale of shares to defray taxation payable on 9 261 shares which vested for Mr Rossi in
terms of the Sappi Limited Performance Share Incentive Plan as per SENS Announcement of 15 December 2011. Number of shares sold : 4 100 Selling price : R23.58 (1 400 shares) R23.57 (2 700 shares) Total value : R96 651.00 Method of trade : On market Class of security : Ordinary shares Extent of interest : Direct beneficial 3. Director`s Name : S Manchester Company (Subsidiary) : Sappi Fine Paper North America Date of transaction : 21 December 2011 Nature of transaction : Sale of shares Number of shares sold : 11 113 Selling price : R23.60 (2 720 shares) R23.58 (3 956 shares) R23.51 (4 437 shares) Total value : R261 788.35 Method of trade : On market Class of security : Ordinary shares Extent of interest : Direct beneficial Denis O`Connor Group Secretary : Sappi Limited Tel +27 (0)11 407 8072 Fax +27 (0)11 339 1881 denis.oconnor@sappi.com 21 December 2011 Sponsor: UBS SA (Pty) Ltd Date: 21/12/2011 12:02:51 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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