To view the PDF file, sign up for a MySharenet subscription.

SAPPI LIMITED - Dealings in securities by directors of listed companies

Release Date: 16/02/2015 16:10
Code(s): SAP     PDF:  
Wrap Text
Dealings 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
(‘Sappi’ or ‘the company’)


16 February 2015


DEALINGS 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 dealings in securities of Sappi by directors of the Company
and its major subsidiaries. The dealings were on-market and clearances for the dealings were
received in terms of Listings Requirement 3.66, as follows :




Director’s name                   : G T Pearce

Company                           : Sappi Ltd

Date of transaction               : 12 February 2015

Nature of transaction             : Sale of shares arising from vesting of grants of
                                    conditional share awards in terms of the Sappi Ltd
                                    Performance Share Plan as per SENS announcement
                                    of 8 December 2014

Number of shares sold             : 12,075

Selling price per share           : R48.0566 volume weighted average price (high
                                    R48.30, low R48.00)

Total value                       : R580,283.45

Class of security                 : Ordinary shares

Extent of interest                : Direct beneficial




                                   
Director’s name            : B Ross

Company (Subsidiary)       : Sappi Papier Holding

Date of transaction        : 13 February 2015

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           : 16,000
exercised/shares sold

Dates rights granted and   : 3 December 2010 : R35.20
price

Vesting period             : Over 4 years expiring after 8 years

Selling price per share    : R49.6974 volume weighted average price (high
                             R49.78, low R49.55)

Total value                : R795,158.40




Director’s name            : B Ross

Company (Subsidiary)       : Sappi Papier Holding

Date of transaction        : 13 February 2015

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           : 13,875
exercised/shares sold

Dates rights granted and   : 2 December 2011 : R22.90
price

Vesting period             : Over 4 years expiring after 8 years

Selling price per share    : R49.8543 volume weighted average price (high
                             R49.87, low R49.85)

Total value                : R691,728.41




                           
Director’s name                   : G M van Aarde

Company (Subsidiary)              : Sappi Southern Africa

Date of transaction               : 13 February 2015

Nature of transaction             : Sale of shares

Number of shares sold             : 9,000

Selling price per share           : R50.00

Total value                       : R450,000.00

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

  Sponsor : UBS South Africa (Pty) Ltd




                                  
Date: 16/02/2015 04:10:00 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.

Share This Story