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

SAPPI LIMITED - Dealings in securities by directors and company secretaries of listed companies

Release Date: 09/12/2016 10:38
Code(s): SAP     PDF:  
Wrap Text
Dealings in securities by directors and company secretaries 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’)


DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARIES 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                    :   S R Binnie

   Company                            :   Sappi Ltd

   Date of transaction                :   7 December 2016

   Nature of transaction              :   Sale of shares (on market) to settle tax liability
                                          arising from vesting of conditional share
                                          awards as per SENS announcement issued by
                                          Sappi Ltd on 7 December 2016

   Number of shares sold              :   42 500 shares

   Volume weighted average            :   R82.4988 (high R82.66; low R82.15)
   selling price per share

   Total value                        :   R3 506 199.00

   Class of security                  :   Ordinary shares

   Extent of interest                 :   Direct beneficial




                                       Page 1 of 6


Director’s name           :   G R Bowles

Company                   :   Sappi Southern Africa

Date of transaction       :   7 December 2016

Nature of transaction     :   Sale of shares (on market) to settle tax liability
                              arising from vesting of conditional share awards as
                              per SENS announcement issued by Sappi Ltd on 7
                              December 2016

Number of shares sold     :   16 575 shares

Volume weighted average   :   R82.4988 (high R82.66; low R82.15)
selling price per share

Total value               :   R1 367 417.61

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       :   7 December 2016

Nature of transaction     :   Sale of shares (on market) arising from vesting of
                              conditional share awards as per SENS
                              announcement issued by Sappi Ltd on 7
                              December 2016

Number of shares sold     :   114 000 shares

Volume weighted average   :   R82.4988 (high R82.66; low R82.15)
selling price per share

Total value               :   R9 404 863.20

Class of security         :   Ordinary shares

Extent of interest        :   Direct beneficial




                          Page 2 of 6


Director’s name           :   N N Maelane

Company (Subsidiary)      :   Sappi Southern Africa

Date of transaction       :   7 December 2016

Nature of transaction     :   Sale of shares (on market) to settle tax liability
                              arising from vesting of conditional share awards as
                              per SENS announcement issued by Sappi Ltd on 7
                              December 2016

Number of shares sold     :   11 050 shares

Volume weighted average   :   R82.4988 (high R82.66; low R82.15)
selling price per share

Total value               :   R911 611.74

Class of security         :   Ordinary shares

Extent of interest        :   Direct beneficial




Director’s name           :   S Manchester

Company (Subsidiary)      :   Sappi North America (Company Secretary)

Date of transaction       :   7 December 2016

Nature of transaction     :   Sale of shares (on market) arising from vesting of
                              conditional share awards as per SENS
                              announcement issued by Sappi Ltd on 7
                              December 2016

Number of shares sold     :   37 000 shares

Volume weighted average   :   R82.4988 (high R82.66; low R82.15)
selling price per share

Total value               :   R3 052 455.60

Class of security         :   Ordinary shares

Extent of interest        :   Direct beneficial




                          Page 3 of 6


Company Secretary’s name   :   W Morrow

Company (Subsidiary)       :   Sappi Papier Holding

Date of transaction        :   7 December 2016

Nature of transaction      :   Sale of shares (on market) arising from vesting of
                               conditional share awards as per SENS
                               announcement issued by Sappi Ltd on 7
                               December 2016

Number of shares sold      :   5 650 shares

Volume weighted average    :   R82.4988 (high R82.66; low R82.15)
selling price per share

Total value                :   R466 118.22

Class of security          :   Ordinary shares

Extent of interest         :   Direct beneficial




Director’s name            :   J Pässler

Company (Subsidiary)       :   Sappi Papier Holding

Date of transaction        :   7 December 2016

Nature of transaction      :   Sale of shares (on market) arising from vesting of
                               conditional share awards as per SENS
                               announcement issued by Sappi Ltd on 7
                               December 2016

Number of shares sold      :   24 000 shares

Volume weighted average    :   R82.4988 (high R82.66; low R82.15)
selling price per share

Total value                :   R1 979 971.20

Class of security          :   Ordinary shares

Extent of interest         :   Direct beneficial




                           Page 4 of 6


Director’s name           :   A Rossi

Company (Subsidiary)      :   Sappi Southern Africa

Date of transaction       :   7 December 2016

Nature of transaction     :   Sale of shares (on market) to settle tax liability
                              arising from vesting of conditional share awards as
                              per SENS announcement issued by Sappi Ltd on 7
                              December 2016

Number of shares sold     :   36 337 shares

Volume weighted average   :   R82.4988 (high R82.66; low R82.15)
selling price per share

Total value               :   R2 997 758.89

Class of security         :   Ordinary shares

Extent of interest        :   Direct beneficial




Director’s name           :   T Stanger

Company (Subsidiary)      :   Sappi Southern Africa

Date of transaction       :   7 December 2016

Nature of transaction     :   Sale of shares (on market) arising from vesting of
                              conditional share awards as per SENS
                              announcement issued by Sappi Ltd on 7 December
                              2016

Number of shares sold     :   7 700 shares

Volume weighted average   :   R82.4988 (high R82.66; low R82.15)
selling price per share

Total value               :   R635 240.76

Class of security         :   Ordinary shares

Extent of interest        :   Direct beneficial




                          Page 5 of 6


Director’s name                       :   A Tregoning

Company (Subsidiary)                  :   Sappi Limited (Company Secretary)

Date of transaction                   :   7 December 2016

Nature of transaction                 :   Sale of shares (on market) arising from vesting of
                                          conditional share awards as per SENS
                                          announcement issued by Sappi Ltd on 7
                                          December 2016

Number of shares sold                 :   12 000 shares

Volume weighted average               :   R82.4988 (high R82.66; low R82.15)
selling price per share

Total value                           :   R989 985.60

Class of security                     :   Ordinary shares

Extent of interest                    :   Direct beneficial




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




                                     
Date: 09/12/2016 10:38:00 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