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Results of the seventy-eighth annual general meeting of Sappi
Sappi Limited
(Incorporated in the Republic of South Africa)
Registration number: 1936/008963/06
JSE share code: SAP
ISIN code: ZAE000006284
("Sappi" or the "company")
12 February 2015
RESULTS OF THE SEVENTY-EIGHTH ANNUAL GENERAL MEETING OF SAPPI
Shareholders are advised that at the annual general meeting of shareholders of the
company held on Wednesday, 11 February 2015 at 14:00 all the resolutions tabled
thereat were passed by the requisite majority of shareholders.
Details of the results of voting at the annual general meeting are as follows :
• total number of Sappi shares in issue as at the date of the annual general
meeting : is 561,407,699 (541,446,223 ordinary shares and 19,961,476 “A” ordinary
shares)
• total number of Sappi shares that could have been voted at the annual general
meeting (excluding the treasury shares) : 545,336,255
• total number of Sappi shares that were present/represented at the annual general
meeting : 456,519,008 being 83.71% of the total number of Sappi shares that
could have been voted at the annual general meeting.
1. Ordinary resolution number 1: Receipt and acceptance of 2014 annual financial
statements, including directors’ report, auditors’ report and Audit Committee report
For Against Abstain Shares voted
455,962,579 - 556,429 455,962,579
100.00000% 0.00000% 0.10203% 100.00000%
2. Ordinary resolution number 2.1: Confirmation of appointment and re-election of
Mr Glen Thomas Pearce as a director of Sappi
For Against Abstain Shares voted
456,493,666 22,490 2,852 456,516,156
99.99507% 0.00493% 0.00052% 100.00000%
3. Ordinary resolution number 3.1: Resolved that Dr DC Cronjé is re-elected as a
director of Sappi
For Against Abstain Shares voted
456,446,645 69,511 2,852 456,516,156
99.98477% 0.01523% 0.00052% 100.00000%
4. Ordinary resolution number 3.2: Resolved that Mr NP Mageza is re-elected as a
director of Sappi
For Against Abstain Shares voted
447,858,825 8,657,331 2,852 456,516,156
98.10361% 1.89639% 0.00052% 100.00000%
5. Ordinary resolution number 3.3: “Resolved that Mr JD McKenzie is re-elected as a
director of Sappi
For Against Abstain Shares voted
456,446,645 69,511 2,852 456,516,156
99.98477% 0.01523% 0.0052% 100.00000%
6. Ordinary resolution number 3.4: Resolved that Mr MV Moosa is re-elected as a
director of Sappi
For Against Abstain Shares voted
436,544,485 19,971,671 2,852 456,516,156
95.62520% 4.37480% 0.00052% 100.00000%
7. Ordinary resolution number 3.5: Resolved that Sir Nigel Rudd is re-elected as a
director of Sappi
For Against Abstain Shares voted
456,446,645 69,511 2,852 456,516,156
99.98477% 0.01523% 0.00052% 100.00000%
8. Ordinary resolution number 4.1: Election of Dr D Konar as chairman of the Audit
Committee
For Against Abstain Shares voted
421,034,312 35,481,844 2,852 456,516,156
92.22769% 7.77231% 0.00052% 100.00000%
9. Ordinary resolution number 4.2: Election of Mr GPF Beurskens as a member of the
Audit Committee
For Against Abstain Shares voted
456,516,156 - 2,852 456,516,156
100.00000% 0.00000% 0.00052% 100.00000%
10. Ordinary resolution number 4.3: Election of Mr MA Fallon as a member of the Audit
Committee
For Against Abstain Shares voted
456,516,156 - 2,852 456,516,156
100.00000% 0.00000% 0.00052% 100.00000%
11. Ordinary resolution number 4.4: Election of Mr NP Mageza as a member of the
Audit Committee
For Against Abstain Shares voted
436,463,206 20,052,950 2,852 456,516,156
95.60740% 4.39260% 0.00052% 100.00000%
12. Ordinary resolution number 4.5: Election of Mrs KR Osar as a member of the Audit
Committee
For Against Abstain Shares voted
456,516,155 1 2,852 456,516,156
100.00000% 0.00000% 0.00052% 100.00000%
13. Ordinary resolution number 5: Re-appointment of Deloitte & Touche as auditors of
Sappi for the year ending September 2015 and until the next Annual General
Meeting of Sappi
For Against Abstain Shares voted
455,962,278 553,878 2,852 456,516,156
99.87867% 0.12133% 0.00052% 100.00000%
14. Ordinary resolution number 6.1: The placing of all ordinary shares required for the
purpose of carrying out the terms of the Sappi Limited Performance Share Incentive
Plan (the Plan) under the control of the directors to allot and issue in terms of the
Plan
For Against Abstain Shares voted
443,760,625 12,755,531 2,852 456,516,156
97.20590% 2.79410% 0.00052% 100.00000%
15. Ordinary resolution number 6.2: The authority for any subsidiary of Sappi to sell and
to transfer to the Sappi Limited Share Incentive Scheme and the Sappi Limited
Performance Share Incentive Plan (collectively ‘the Schemes’) such shares as may
be required for the purposes of the Schemes
For Against Abstain Shares voted
443,760,625 12,755,531 2,852 456,516,156
97.20590% 2.79410% 0.00052% 100.00000%
16. Ordinary resolution number 7: Non-binding endorsement of Remuneration Policy
For Against Abstain Shares voted
381,394,146 75,122,010 2,852 456,516,156
83.54450% 16.45550% 0.00052% 100.00000%
17. Special resolution number 1: Increase in Non-executive Directors’ fees
For Against Abstain Shares voted
445,201,567 11,314,589 2,852 456,516,156
97.52154% 2.47846% 0.00052% 100.00000%
18. Special resolution number 2: Authority for loans or other financial assistance to
related or inter-related companies
For Against Abstain Shares voted
445,201,568 11,314,588 2,852 456,516,156
97.52154% 2.47846% 0.00052% 100.00000%
19. Ordinary resolution number 8: Authority for directors to sign all documents and do all
such things necessary to implement the above resolutions
For Against Abstain Shares voted
456,516,156 - 2,852 456,516,156
100.00000% 0.00000% 0.00052% 100.00000%
Denis O’Connor
Group Secretary
Sappi Limited
Tel +27 (0)11 407 8072; Fax +27 (0)11 339 1881
Denis.OConnor@Sappi.com
Sponsor : UBS South Africa (Pty) Ltd
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