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SAPPI LIMITED - Granting of conditional share awards to directors of listed company

Release Date: 07/12/2012 15:15
Code(s): SAP     PDF:  
Wrap Text
Granting of conditional share awards to directors of listed company

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”)

7 December 2012


GRANTING OF CONDITIONAL SHARE AWARDS 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 conditional share
awards 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                :      7 December 2012

Nature of transaction        :       Annual Grants of Conditional Share Awards in
                                     terms of the Sappi Limited Performance Share
                                     Incentive Plan

Strike price                  :      Nil (no consideration)

Vesting dates for
Conditional share awards      :      7 December 2016

Class of security             :      Ordinary shares
Extent of interest            :      Direct beneficial



DIRECTOR’S NAME                            COMPANY                            NUMBER OF      NOTIONAL                                                                       
                                                                                SHARES         VALUE
                                                                              SUBJECT TO
                                                                              CONDITIONAL       (R)
                                                                               AWARDS

SR    BINNIE          Sappi Limited                                                100 000     3 020 000
SJ    BLYTH           Sappi International SA                                        12 000       362 400
RJ    BOËTTGER        Sappi Limited                                                200 000     6 040 000
J     BONER           Sappi Fine Paper Europe (Company Secretary)                   35 000     1 057 000
G     BOWLES          Sappi Southern Africa                                         39 000     1 177 800
HA    DE JONGH        Sappi Southern Africa                                         39 000     1 177 800
L     DI AMATO        Sappi International SA                                         5 000       151 000
M     GARDNER         Sappi Fine Paper North America                               114 000     3 442 800
TS    HAWKES          Sappi Southern Africa                                         20 000       604 000
E     LETLAPE         Sappi Southern Africa                                         26 000       785 200
NN    MAELANE         Sappi Southern Africa                                         26 000       785 200
S     MANCHESTER      Sappi Fine Paper North America (Company Secretary)            37 000     1 117 400
PB    McGRADY         Sappi Southern Africa                                         39 000     1 177 800
JL    MILLER          Sappi Fine Paper North America                                42 000     1 268 400
CM    MOWATT          Sappi Southern Africa                                         29 000       875 800
LJ    NEWMAN          Sappi International SA                                        14 000       422 800
DJ    O’CONNOR        Sappi Limited (Company Secretary)                              9 000       271 800
J     PÄSSLER         Sappi International SA                                        24 000       724 800
G     PEARCE          Sappi Fine Paper Europe                                       35 000     1 057 000
R     PEELMAN         Sappi International SA                                         5 000       151 000
A     ROSSI           Sappi Southern Africa                                         85 500     2 582 100
LA    SWARTZ          Sappi Southern Africa/Sappi Fine Paper North America          85 500     2 582 100
AvC   THIEL           Sappi Southern Africa                                        100 000     3 020 000
GM    VAN AARDE       Sappi Southern Africa                                         26 000       785 200
AJW   VAN DER MERWE   Sappi Southern Africa                                         26 000       785 200
M     VAN HOVEN       Sappi Southern Africa/Sappi Fine Paper North America          60 000     1 812 000
BJ    WIERSUM         Sappi Fine Paper Europe                                      100 000     3 020 000




           Denis O’Connor
           Group Secretary

           Sappi Limited

           Tel +27 11 407 8111
           Fax +27 11 339 1881
           e-Mail Denis.O’Connor@sappi.com
           www.sappi.com

           Sponsor: UBS South Africa (Pty) Ltd

Date: 07/12/2012 03:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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