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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 AND SALE 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 and sale
of conditional share awards by 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.
VESTING
These were off-market transactions :
Date of notification of transaction to : 07 December 2019
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 : 07 December 2015
Implied price : R42.50 (closing price on 06 December 2019)
Vesting period : 4 years from date of grant
Percentage of grants vested : 90%
Class of security : Ordinary shares
Extent of interest : Direct beneficial
NUMBER OF
NOTIONAL
SHARES
VALUE
NAME COMPANY SUBJECT TO
CONDITIONAL
(R)
AWARDS
SR Binnie Sappi Limited 171 000 7 267 500.00
S Blyth Sappi Europe SA 29 700 1 262 250.00
GR Bowles Sappi North America, Inc 81 000 3 442 500.00
M Gardner Sappi North America Inc/Sappi Papier Holding 94 500 4 016 250.00
MG Haws Sappi North America Inc/Sappi Papier Holding 27 000 1 147 500.00
B Köhldorfer Sappi Papier Holding 11 700 497 250.00
S Manchester Sappi North America, Inc (Company Secretary) 27 900 1 185 750.00
MI Mansoor Sappi North America, Inc 13 500 573 750.00
FCS Marupen Sappi North America, Inc 63 000 2 677 500.00
PG Moodley Sappi Southern Africa 5 310 225 675.00
J Pässler Sappi Papier Holding 29 700 1 262 250.00
GT Pearce Sappi Limited 81 000 3 442 500.00
B Riegler Sappi Papier Holding 2 250 95 625.00
AvC Thiel Sappi Southern Africa 94 500 4 016 250.00
M van Hoven Sappi North America, Inc 76 500 3 251 250.00
BJ Wiersum Sappi Papier Holding 94 500 4 016 250.00
S Wurdinger Sappi Europe SA 11 700 497 250.00
SALE OF SHARES
Date of transaction : 09 December 2019
Nature of transaction : Sale of shares (on market) to settle tax liability
arising from vesting of conditional share awards
as listed above.
Directors’ names and number of shares : Various, see table below
sold
Volume weighted average selling price per : R42.8155 (high R43.13; low R42.70)
share
Class of security : Ordinary shares
Extent of interest : Direct beneficial
NOTIONAL
NUMBER OF VALUE
NAME COMPANY
SHARES SOLD
(R)
SR Binnie Sappi Limited 96 000 4 110 288.00
S Blyth Sappi Europe SA 15 295 654 863.07
GR Bowles Sappi North America, Inc 37 665 1 612 645.81
M Gardner Sappi North America Inc/Sappi Papier Holding 94 500 4 046 064.75
B Köhldorfer Sappi Papier Holding 5 700 244 048.35
S Manchester Sappi North America, Inc (Company Secretary) 27 900 1 194 552.45
FCS Marupen Sappi North America, Inc 29 295 1 254 280.07
PG Moodley Sappi Southern Africa 2 469 105 711.47
J Pässler Sappi Papier Holding 29 700 1 271 620.35
GT Pearce Sappi Limited 37 665 1 612 645.81
M van Hoven Sappi North America, Inc 42 240 1 808 526.72
S Wurdinger Sappi Europe SA 11 700 500 941.35
Johannesburg
11 December 2019
Sponsor: UBS South Africa (Pty) Ltd
Date: 11-12-2019 03:00:00
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