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SAPPI LIMITED - Dealing in securities by directors of listed companies

Release Date: 19/09/2014 15:15
Code(s): SAP     PDF:  
Wrap Text
Dealing in securities by directors of listed companies


Sappi Limited
(Incorporated in the Republic of South Africa)
Registration number: 1936/008963/06
JSE share code: SAP
ISIN code: ZAE000006284




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               : J Pässler

    Company (Subsidiary)          : Sappi International SA / Sappi Papier Holding GmbH

    Date of transaction           : 18 September 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              : 15 700
    exercised/shares sold

    Dates rights granted and      : 1) 22 December 2008 : R35.50 – 7 700 rights
    price                           2) 9 December 2009 : R33.85 – 8 000 rights

    Selling price per share       : R46.0754

    Total value                   : R723 383.78
 
Director’s name                 : P B McGrady

 Company (Subsidiary)           : Sappi Southern Africa Ltd

 Date of transaction            : 18 September 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               : 14 900
 exercised/shares sold

 Dates rights granted and       : 3) 22 December 2008 : R35.50 – 4 400 rights
 price                            4) 9 December 2009 : R33.85 – 10 500 rights

 Selling price per share        : R47.50

 Total value                    : R707 750.00



 Director’s name                        :   G M van Aarde

 Company (Subsidiary)                   :   Sappi Southern Africa Ltd

 Date of transaction                    :   18 September 2014

 Nature of transaction                  :   Sale of shares

 Number of shares sold                  :   10 740

 Selling price per share                :   R47.00

 Total value                            :   R504 780

 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

19 September 2014

Sponsor : UBS South Africa (Pty) Ltd

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