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SAPPI LIMITED - Dealings In Securities By Directors Of Listed Companies

Release Date: 11/12/2015 16:00
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’)

11 December 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. Clearance for the dealing was received in terms of Listings
Requirement 3.66, as follows:




   Director’s name                    :   G T Pearce

   Company                            :   Sappi Ltd

   Date of transaction                :   10 December 2015

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

   Number of shares purchased         :   3 231 shares

   Purchase price per share           :   R60.65

   Total value                        :   R195 960.15

   Class of security                  :   Ordinary shares

   Extent of interest                 :   Direct beneficial
Director’s name                   :   G T Pearce

Company                           :   Sappi Ltd

Date of transaction               :   10 December 2015

Nature of transaction             :   Exercise of rights to shares (off market) in
                                      terms of the Sappi Limited Share Option
                                      Scheme

Number of shares                  :   6600 shares

Purchase price/option strike      :   R52.57
price

Total value                       :   R346 962.00

Class of security                 :   Ordinary shares

Extent of interest                :   Direct beneficial




Director’s name                   :   G R Bowles

Company (Subsidiary)              :   Sappi Southern Africa

Date of transaction               :   10 December 2015

Nature of transaction             :   Sale of shares (on market) arising from vesting of
                                      conditional share awards as per SENS
                                      announcement issued by Sappi Ltd on 2
                                      December 2015

Number of rights                  :   24 200 shares
exercised/shares sold

Average selling price per share   :   R60.2106 (high R60.24;low R60.21)

Total value                       :   R1 457 096.52

Class of security                 :   Ordinary shares

Extent of interest                :   Direct beneficial
Director’s name                   :   G R Bowles

Company (Subsidiary)              :   Sappi Southern Africa

Date of transaction               :   10 December 2015

Nature of transaction             :   Exercise of rights to shares (off market) in terms
                                      of the Sappi Limited Share Option Scheme

Number of rights                  :   7700 shares
exercised/shares sold

Purchase price/option strike      :   R52.57
price

Total value                       :   R404 789.00

Class of security                 :   Ordinary shares

Extent of interest                :   Direct beneficial




Director’s name                   :   M Gardner

Company (Subsidiary)              :   Sappi North America / Sappi Papier Holding

Date of transaction               :   10 December 2015

Nature of transaction             :   Sale of shares (on market) arising from vesting of
                                      conditional share awards as per SENS
                                      announcement issued by Sappi Ltd on 2
                                      December 2015

Number of rights                  :   52 500 shares
exercised/shares sold

Average selling price per share   :   R60.1132 (high R60.30;low R60.60)

Total value                       :   R3 155 943.00

Class of security                 :   Ordinary shares

Extent of interest                :   Direct beneficial




Company Secretary’s name          :   S Manchester

Company (Subsidiary)              :   Sappi North America

Date of transaction               :   10 December 2015

Nature of transaction             :   Sale of shares (on market) arising from vesting of
                                          conditional share awards as per SENS
                                          announcement issued by Sappi Ltd on 2
                                          December 2015

Number of rights                      :   20 000 shares
exercised/shares sold

Average selling price per share       :   R60.2150 (high R60.25; low R60.21)

Total value                           :   R1 204 300.00

Class of security                     :   Ordinary shares

Extent of interest                    :   Direct beneficial




Director’s name                       :   P B McGrady

Company (Subsidiary)                  :   Sappi Southern Africa

Date of transaction                   :   10 December 2015

Nature of transaction                 :   Sale of shares (on market) arising from vesting of
                                          conditional share awards as per SENS
                                          announcement issued by Sappi Ltd on 2
                                          December 2015

Number of rights                      :   12 500 shares
exercised/shares sold

Average selling price per share       :   R63.00

Total value                           :   R787 500.00

Class of security                     :   Ordinary shares

Extent of interest                    :   Direct beneficial




Sponsor: UBS South Africa (Pty) Ltd

Date: 11/12/2015 04:00:00 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.

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