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SAPPI LIMITED - Dealing in securities by directors and company secretary

Release Date: 07/12/2016 17:00
Code(s): SAP     PDF:  
Wrap Text
Dealing in securities by directors and company secretary

Sappi Limited
Reg No 1936/008963/06
(Incorporated in the Republic of South Africa)
JSE Code SAP
ISIN code ZAE000006284

(“Sappi” or “the Company”)


Dealing in securities by directors and company secretary


VESTING OF CONDITIONAL SHARE AWARDS GRANTED TO DIRECTORS OF A
LISTED COMPANY

In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we hereby
provide the following information regarding the vesting of conditional share awards granted
by Sappi to the undermentioned directors of the Company, its major subsidiary companies
and company secretary. The necessary authority in terms of paragraph 3.66 was obtained
and these were off-market transactions:


 Nature of transaction       :     Vesting of grants of conditional share awards in terms of
                                   the Sappi Limited Performance Share Incentive Plan.

 Date of transaction         :     7 December 2016 (date participants informed of vesting)

 Number of conditional       :     Various, see table below
 Share awards granted

 Date of grants              :     7 December 2012

 Implied price               :     R82.06 per share (closing price on 6 December 2016)

 Vesting period              :     4 years from date of grant

 Percentage of grants        :     100%
 vested

 Class of security           :     Ordinary shares

 Extent of interest          :     Direct beneficial


                                          Page 1 of 5
Director’s name            : S R Binnie
Company of which he is a   : Sappi Limited
director

                           Number of grants vested     Value R

                                    100 000          R8 206 000.00




Director’s name            : G R Bowles
Company of which he is a   : Sappi Southern Africa
director

                           Number of grants vested     Value R

                                     39 000          R3 200 340.00



Director’s name            : M Gardner
Company of which he is a   : Sappi North America
director

                           Number of grants vested     Value R

                                    114 000          R9 354 840.00




Director’s name            : T Hawkes
Company of which he is a   : Sappi Southern Africa
director

                           Number of grants vested     Value R

                                     20 000          R1 641 200.00


Director’s name            : N N Maelane
Company of which he is a   : Sappi Southern Africa
director

                           Number of grants vested     Value R

                                     26 000          R2 133 560.00



                                 Page 2 of 5

Director’s name             : S Manchester (Company Secretary)
Company of which she is a   : Sappi North America
director

                            Number of grants vested             Value R

                                      37 000                 R3 036 220.00




Director’s name             : P B McGrady
Company of which he is a    : Sappi Southern Africa
director

                            Number of grants vested            Value R
                                                            R3 200 340.00
                                      39 000




Director’s name             : C M Mowatt
Company of which he is a    : Sappi Southern Africa
director

                            Number of grants vested             Value R

                                      29 000                 R2 379 740.00



Director’s name             : G T Pearce
Company of which he is a    : Sappi Limited, Sappi North America,
director                      Sappi Southern Africa

                            Number of grants vested             Value R

                                      35 000                 R2 872 100.00




                                  Page 3 of 5
Director’s name             : A Rossi
Company of which he is a    : Sappi Southern Africa
director

                            Number of grants vested       Value R

                                        85 500         R7 016 130.00




Director’s name             : A Thiel
Company of which he is a    : Sappi Southern Africa
director

                            Number of grants vested       Value R

                                     100 000           R8 206 000.00



Director’s name             : A J Tregoning (Company
                              Secretary)
Company of which she is a   : Sappi Limited
director

                            Number of grants vested       Value R

                                        12 000          R984 720,00




Director’s name             : G M van Aarde
Company of which he is a    : Sappi Southern Africa
director

                            Number of grants vested       Value R

                                        26 000         R 2 133 560.00




                                  Page 4 of 5

Director’s name                       : M van Hoven
Company of which he is a              : Sappi North America, Sappi Southern Africa
director

                                      Number of grants vested             Value R

                                                60 000                 R4 923 600.00



Director’s name                       : R Wells
Company of which he is a              : Sappi Southern Africa
director

                                      Number of grants vested             Value R

                                                  7 200                 R590 832.00




Director’s name                       : B Wiersum
Company of which he is a              : Sappi Europe
director

                                      Number of grants vested             Value R

                                               100 000                 R8 206 000.00




7 December 2016
Sponsor: UBS South Africa (Pty) Ltd





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