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SAPPI LIMITED - Dealings In Securities By Directors Of Listed Companies

Release Date: 13/11/2015 15:35
Code(s): SAP     PDF:  
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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’)

13 November 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 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                    :    S R Binnie

  Company                            :    Sappi Limited

  Date of transaction                :    12 November 2015

  Nature of transaction              :    Purchase of shares (on market) using 40% of
                                          after tax proceeds of 2015 annual bonus

  Number of shares purchased         :    17 260

  Purchase price per share           :    R59.50

  Total value                        :    R1 026 970.00

  Class of security                  :    Ordinary shares

  Extent of interest                 :    Direct beneficial




                                         
Director’s name               : F C S Marupen

Company (Subsidiary)          : Sappi Southern Africa/Sappi North America

Date of transaction           : 12 November 2015

Nature of transaction         : Purchase of shares (on-market) using 30% of
                                after tax proceeds of 2015 annual bonus

Number of shares purchased    : 2 234

Purchase price per share      : R59.55

Total value                   : R133 034.70

Class of security             : Ordinary shares

Extent of interest            : Direct beneficial




   Director’s name            : S J Blyth

   Company (Subsidiary)       : Sappi Papier Holding

   Date of transaction        : 12 November 2015

   Nature of transaction      : Sale of shares (on-market) arising from exercise of
                                rights to shares in terms of the Sappi Limited Share
                                Incentive Scheme

   Number of rights           : 13 200
   exercised/shares sold

   Dates rights granted and   : 1)   12 December 2007 : R52.57 – 7 200 rights
   price                        2)   01 December 2007 : R52.57 – 6 000 rights

   Vesting period             : Over 4 years expiring after 8 years

   Selling price per share    : R59.23

   Total value                : R781 836.00




                                   
Director’s name            : G M van Aarde

Company (Subsidiary)       : Sappi Southern Africa

Date of transaction        : 12 November 2015

Nature of transaction      : Sale of shares (on-market) arising from exercise of
                             rights to shares in terms of the Sappi Limited Share
                             Incentive Scheme

Number of rights           : 6 174 shares
exercised/shares sold

Selling price per share    : R59.73


Total value                : R368 773.02




Director’s name            : J Pässler

Company (Subsidiary)       : Sappi Papier Holding

Date of transaction        : 12 November 2015

Nature of transaction      : Sale of shares (on-market) arising from exercise of
                             rights to shares in terms of the Sappi Limited Share
                             Incentive Scheme

Number of rights           : 36 000
exercised/shares sold

Dates rights granted and   : 1) 12 December 2007 : R52.57 – 6 000 rights
price                        2) 12 December 2007 : R52.57 – 5 000 rights
                             3) 03 December 2010 : R35.20 – 25 000 rights

Vesting period             : Over 4 years expiring after 8 years

Selling price per share    : R59.59


Total value                : R2 145 240.00




                               
A J Tregoning
Group Secretary & Corporate Counsel
Sappi Limited
Tel +27 (0)11 407 8174; Fax +27 (0)11 339 1881
Amanda.tregoning@Sappi.com

Sponsor : UBS South Africa (Pty) Ltd




                                       

Date: 13/11/2015 03:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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