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SAPPI LIMITED - Dealings in securities by directors of listed companies

Release Date: 14/03/2017 16:00
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")


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 dealings were on-market and clearance for
the dealings were received in terms of Listings Requirement 3.66, as follows:


   Director’s name               :   P B McGrady

   Company (Subsidiary)          :   Sappi Southern Africa

   Date of transaction           :   13 March 2017

   Nature of transaction         :   Sale of shares (on market) arising
                                     from vesting of conditional share
                                     awards as per SENS announcement
                                     previously issued by Sappi Limited

   Number of shares sold         :   26 500 shares

   Price obtained per share      :   R86.50

   Total value                   :   R2 292 250.00

   Class of security             :   Ordinary shares

   Extent of interest            :   Direct beneficial
                                                                                




   Director’s name                :    T S Hawkes

   Company (Subsidiary)           :    Sappi Southern Africa

   Date of transaction            :    13 March 2017

   Nature of transaction          :    Sale of shares (on market) arising from
                                       vesting of conditional share awards as per
                                       SENS announcement previously issued
                                       by Sappi Limited

   Number of shares sold          :    4 000 shares

   Price obtained per share       :    R85.00

   Total value                    :    R340 000.00

   Class of security              :    Ordinary shares

   Extent of interest             :    Direct beneficial



14 March 2017
Sponsor : UBS South Africa (Pty) Ltd

Date: 14/03/2017 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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