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SAPPI LIMITED - Dealing in Securities by Directors and Company Secretary

Release Date: 20/12/2017 12:00
Code(s): SAP     PDF:  
Wrap Text
Dealing in Securities by Directors and Company Secretary

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’)

20 December 2017



DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY



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 and company
secretary 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       :   19 December 2017

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 14 December 2017

Number of shares sold     :   68 000 shares

Volume weighted average   :   R92.7999 (high R95.33; low R91.00)
selling price per share

Total value               :   R6 310 393.20

Class of security         :   Ordinary shares

Extent of interest        :   Direct beneficial



Director’s name           :   B Koehldorfer

Company (Subsidiary)      :   Sappi Papier Holding GmbH

Date of transaction       :   19 December 2017

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 14
                              December 2017

Number of shares sold     :   6 000 shares

Volume weighted average   :   R92.7999 (high R95.33; low R91.00)
selling price per share

Total value               :   R556 799.40

Class of security         :   Ordinary shares

Extent of interest        :   Direct beneficial




Director’s name           :   P Moodley

Company (Subsidiary)      :   Sappi Southern Africa Limited

Date of transaction       :   19 December 2017

Nature of transaction     :   Sale of shares (on market) arising from vesting of
                              conditional share awards as per SENS
                              announcement issued by Sappi Ltd on 14
                              December 2017

Number of shares sold     :   5 200 shares

Volume weighted average   :   R92.7999 (high R95.33; low R91.00)
selling price per share

Total value               :   R482 559.48

Class of security         :   Ordinary shares

Extent of interest        :   Direct beneficial



Director’s name           :   W Morrow

Company (Subsidiary)      :   Sappi Papier Holding GmbH

Date of transaction       :   19 December 2017

Nature of transaction     :   Sale of shares (on market) arising from vesting of
                              conditional share awards as per SENS
                              announcement issued by Sappi Ltd on 14 December
                              2017

Number of shares sold     :   5 200 shares

Volume weighted average   :   R92.7999 (high R95.33; low R91.00)
selling price per share

Total value               :   R482 559.48

Class of security         :   Ordinary shares

Extent of interest        :   Direct beneficial




Director’s name           :   J Pässler

Company (Subsidiary)      :   Sappi Papier Holding GmbH

Date of transaction       :   19 December 2017

Nature of transaction     :   Sale of shares (on market) arising from vesting of
                              conditional share awards as per SENS
                              announcement issued by Sappi Ltd on 14
                              December 2017

Number of shares sold     :   27 000 shares

Volume weighted average   :   R92.7999 (high R95.33; low R91.00)
selling price per share

Total value               :   R2 505 597.30

Class of security         :   Ordinary shares

Extent of interest        :   Direct beneficial



Company Secretary’s name   :   G T Pearce

Company                    :   Sappi Limited

Date of transaction        :   19 December 2017

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 14 December 2017

Number of shares sold      :   15 345 shares

Volume weighted average    :   R92.7999 (high R95.33; low R91.00)
selling price per share

Total value                :   R1 424 014.46

Class of security          :   Ordinary shares

Extent of interest         :   Direct beneficial




Director’s name            :   A Thiel

Company (Subsidiary)       :   Sappi Southern Africa Limited

Date of transaction        :   19 December 2017

Nature of transaction      :   Sale of shares (on market) arising from vesting of
                               conditional share awards as per SENS
                               announcement issued by Sappi Ltd on 14
                               December 2017

Number of shares sold      :   110 000 shares

Volume weighted average    :   R92.7999 (high R95.33; low R91.00)
selling price per share

Total value                :   R10 207 989.00

Class of security          :   Ordinary shares

Extent of interest         :   Direct beneficial



Director’s name            :   A Tregoning (Company Secretary)

Company                    :   Sappi Limited

Date of transaction        :   19 December 2017

Nature of transaction      :   Sale of shares (on market) arising from vesting of
                               conditional share awards as per SENS
                               announcement issued by Sappi Ltd on 14 December
                               2017

Number of shares sold      :   15 000 shares

Volume weighted average    :   R92.7999 (high R95.33; low R91.00)
selling price per share

Total value                :   R1 391 998.50

Class of security          :   Ordinary shares

Extent of interest         :   Direct beneficial




Director’s name            :   M van Hoven

Company (Subsidiary)       :   S.D. Warren Company (Sappi North America)

Date of transaction        :   19 December 2017

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 14
                               December 2017

Number of shares sold      :   41 850 shares

Volume weighted average    :   R92.7999 (high R95.33; low R91.00)
selling price per share

Total value                :   R3 883 675.81

Class of security          :   Ordinary shares

Extent of interest         :   Direct beneficial




Sponsor: UBS South Africa (Pty) Ltd


Date: 20/12/2017 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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