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SAPPI LIMITED - Dealing in securities by directors and company secretaries

Release Date: 04/12/2018 16:19
Code(s): SAP     PDF:  
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Dealing in securities by directors and company secretaries

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 SECRETARIES


VESTING OF CONDITIONAL SHARE AWARDS TO DIRECTORS OF LISTED COMPANY
AND COMPANY SECRETARY

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


Date of notification of transaction to :     04 December 2018
participant

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

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

Date of grant                            :   04 December 2014

Implied price                            :   R77.00 (closing price on 03 December 2018)

Vesting period                           :   4 years from date of grant

Percentage of grants vested              :   100%

Class of security                        :   Ordinary shares

Extent of interest                       :   Direct beneficial
                                                                                   Page 2 of 2




DEA
                                                                           NUMBER OF
                                                                                        NOTIONAL
                                                                            SHARES
                                                                                         VALUE
              NAME                          COMPANY                       SUBJECT TO
                                                                          CONDITIONAL
                                                                                            (R)
                                                                            AWARDS
      SR    BINNIE         Sappi Limited                                     175 000    13 475 000.00
      M     GARDNER        Sappi North America / Sappi Papier Holding        100 000     7 700 000.00
      B     KOEHLDORFER    Sappi Papier Holding                               11 900       916 300.00
      S     MANCHESTER     Sappi North America, Inc (Company Secretary)       29 000     2 233 000.00
      P     MOODLEY        Sappi Southern Africa                               5 000       385 000.00
      J     PÄSSLER        Sappi Papier Holding                               27 000     2 079 000.00
      GT    PEARCE         Sappi Limited                                      85 000     6 545 000.00
      AvC   THIEL          Sappi Southern Africa                             100 000     7 700 000.00
      M     VAN HOVEN      Sappi North America, Inc                           80 000     6 160 000.00
      BJ    WIERSUM        Sappi Papier Holding                              100 000     7 700 000.00


Johannesburg

04 December 2018


Sponsor: UBS South Africa (Pty) Ltd

Date: 04/12/2018 04:19:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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