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Results of the eighty-third Annual General Meeting of Sappi
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")
RESULTS OF THE EIGHTY-THIRD ANNUAL GENERAL MEETING OF SAPPI
Shareholders are advised that at the Annual General Meeting of shareholders of the
Company held on Wednesday, 05 February 2020 at 14:00 all the resolutions tabled thereat
were passed by the requisite majority of shareholders.
Details of the results of voting at the Annual General Meeting are as follows :
- total number of Sappi ordinary shares in issue as at the date of the Annual General
Meeting : 548 053 463
- total number of Sappi shares that could have been voted at the Annual General Meeting
(excluding the treasury shares) : 546 101 392
- total number of Sappi shares that were present/represented at the Annual General
Meeting : 490 790 628 being 89.9% of the total number of Sappi shares that could have
been voted at the Annual General Meeting.
1. Ordinary resolution number 1 – Receipt and acceptance of 2019 Group
Annual Financial Statements, including directors’ report, auditors’ report
and Audit and Risk Committee report
For Against Abstain Shares voted
489 293 120 25 500 1 472 008 489 318 620
99.99% 0.01% 0.27% 90.20% 1
0.27% 89.28% 2
2. Ordinary resolution number 2.1 – Approval and confirmation of
appointment of Mr BR Beamish as a director of Sappi
For Against Abstain Shares voted
490 572 242 188 955 29 431 490 761 197
99.96% 0.04% 0.01% 90.46% 1
0.01% 89.55% 2
3. Ordinary resolution number 2.2 – Approval and confirmation of
appointment of Mr JM Lopez as a director of Sappi
For Against Abstain Shares voted
490 581 607 179 590 29 431 490 761 197
99.96% 0.04% 0.01% 90.46% 1
0.01% 89.55% 2
4. Ordinary resolution number 2.3 – Approval and confirmation of
appointment of Ms JE Stipp as a director of Sappi
For Against Abstain Shares voted
490 607 985 153 212 29 431 490 761 197
99.97% 0.03% 0.01% 90.46% 1
0.01% 89.55% 2
5. Ordinary resolution number 3.1 – Re-election of Mr MA Fallon as a director
of Sappi
For Against Abstain Shares voted
484 336 441 6 424 756 29 431 490 761 197
98.69% 1.31% 0.01% 90.46% 1
0.01% 89.55% 2
6. Ordinary resolution number 3.2 – Re-election of Mr NP Mageza as a director
of Sappi
For Against Abstain Shares voted
356 482 907 134 277 847 29 874 490 760 754
72.64% 27.36% 0.01% 90.46% 1
0.01% 89.55% 2
7. Ordinary resolution number 3.3 – Re-election of Dr B Mehlomakulu as a
director of Sappi
For Against Abstain Shares voted
394 590 749 92 300 309 3 899 570 486 891 058
81.04% 18.96% 0.72% 89.75% 1
0.71% 88.84% 2
8. Ordinary resolution number 3.4 – Re-election of Mr GT Pearce as a director
of Sappi
For Against Abstain Shares voted
490 676 282 82 415 31 931 490 758 697
99.98% 0.02% 0.01% 90.46% 1
0.01% 89.55% 2
9. Ordinary resolution number 4.1 – Election of Mr NP Mageza as member and
chairman of the Audit and Risk Committee
For Against Abstain Shares voted
360 287 676 130 047 185 455 767 490 334 861
73.48% 26.52% 0.08% 90.38% 1
0.08% 89.47% 2
10. Ordinary resolution number 4.2 – Election of Mrs ZN Malinga on as a
member of the Audit and Risk Committee
For Against Abstain Shares voted
490 732 212 28 542 29 874 490 760 754
99.99% 0.01% 0.01% 90.46% 1
0.01% 89.55% 2
11. Ordinary resolution number 4.3 – Election of Dr B Mehlomakulu as a
member of the Audit and Risk Committee
For Against Abstain Shares voted
389 103 327 97 786 231 3 901 070 486 889 558
79.92% 20.08% 0.72% 89.75% 1
0.71% 88.84% 2
12. Ordinary resolution number 4.4 – Election of Mr RJAM Renders as a
member of the Audit and Risk Committee
For Against Abstain Shares voted
485 265 030 5 494 224 31 374 490 759 254
98.88% 1.12% 0.01% 90.46% 1
0.01% 89.55% 2
13. Ordinary resolution number 4.5 – Election of Ms JE Stipp as a member of
the Audit and Risk Committee
For Against Abstain Shares voted
490 607 542 152 577 30 509 490 760 119
99.97% 0.03% 0.01% 90.46% 1
0.01% 89.55% 2
14. Ordinary resolution number 5 – Re-appointment of KPMG Inc. as auditors of
Sappi for the year ending September 2020 and until the next Annual
General Meeting of Sappi
For Against Abstain Shares voted
474 075 119 16 687 859 27 650 490 762 978
96.60% 3.40% 0.01% 90.46% 1
0.01% 89.55% 2
15. Ordinary resolution number 6 – Authority from shareholders for the
maximum number of ordinary shares which may be utilised under the plan
For Against Abstain Shares voted
489 202 532 1 551 853 36 243 490 754 385
99.68% 0.32% 0.01% 90.46% 1
0.01% 89.54% 2
16. Ordinary resolution number 7 – Authority from shareholders to place the
ordinary shares required for the purposes of the plan under the control of
the directors
For Against Abstain Shares voted
489 194 967 1 559 439 36 222 490 754 406
99.68% 0.32% 0.01% 90.46% 1
0.01% 89.54% 2
17. Ordinary resolution number 8 – Non-binding endorsement of Remuneration
policy
For Against Abstain Shares voted
395 256 018 94 421 592 1 113 018 489 677 610
80.72% 19.28% 0.21% 90.26% 1
0.20% 89.35% 2
18. Ordinary resolution number 9 – Non-binding endorsement of Remuneration
Implementation report
For Against Abstain Shares voted
409 064 090 80 619 520 1 107 018 489 683 610
83.54% 16.46% 0.20% 90.26% 1
0.20% 89.35% 2
19. Special resolution number 1 – Increase in non-executive directors’ fees
For Against Abstain Shares voted
481 269 422 9 208 653 312 553 490 478 075
98.12% 1.88% 0.06% 90.41% 1
0.06% 89.49% 2
20. Special resolution number 2 – Authority for loans or other financial
assistance to related or inter-related companies or corporations
For Against Abstain Shares voted
486 000 635 4 762 883 27 110 490 763 518
99.03% 0.97% 0.00% 90.46% 1
0.00% 89.55% 2
21. Ordinary resolution number 10 – Authority for directors to sign all
documents and do all such things necessary to implement the above
resolutions
For Against Abstain Shares voted
490 715 399 36 002 39 227 490 751 401
99.99% 0.01% 0.01% 90.46% 1
0.01% 89.54% 2
1 Disclosed as a percentage of the voteable shares
2 Disclosed as a percentage of the total issued capital
Johannesburg
6 February 2020
Sponsor : UBS South Africa (Pty) Ltd
Date: 06-02-2020 10:56:00
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