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SAPPI LIMITED - Dealing in securities by directors of listed companies

Release Date: 14/02/2014 11:28
Code(s): SAP     PDF:  
Wrap Text
Dealing in securities by directors of listed companies

                                                                      

Sappi Limited
Reg No 1936/008963/06
(Incorporated in the Republic of South Africa)
JSE Code SAP
ISIN code ZAE000006284
(“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 its major subsidiaries. The dealing was on-market and clearance for the dealing was
received in terms of Listings Requirement 3.66, as follows :

    Director’s name                : Stephen J Blyth

    Company (Subsidiary)           : Sappi International SA

    Date of transaction            : 12 February 2014

    Nature of transaction          : Sale of shares arising from exercise of rights to
                                     shares in terms of the Sappi Limited Share Incentive
                                     Scheme

    Number of rights               : 5,000
    exercised/shares sold

    Dates rights granted and       : 02 December 2011 : R22.90
    price

    Vesting period                 : Over 4 years expiring after 8 years

    Selling price per share        : R33.59

    Total value                    : R167 950

   Denis O’Connor
   Group Secretary
   Sappi Limited
   Tel +27 (0)11 407 8072; Fax +27 (0)11 339 1881
   Denis.OConnor@Sappi.com

14 February 2014
Sponsor : UBS South Africa (Pty) Ltd




                              
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