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SAPPI LIMITED - Annual Integrated Report 2019, No Change Statement, Notice of AGM and Changes to the Board and Board Committees

Release Date: 13/12/2019 15:03
Code(s): SAP     PDF:  
 
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Annual Integrated Report 2019, No Change Statement, Notice of AGM and Changes to the Board and Board Committees

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’)

13 December 2019


INTEGRATED REPORT 2019, NO CHANGE STATEMENT, NOTICE OF ANNUAL
GENERAL MEETING AND CHANGES TO THE BOARD AND BAORD COMMITTEES

Shareholders are advised that the Integrated Report for the year ended September 2019 will
be dispatched to shareholders on 13 December 2019 and will also be available online on
13 December 2019 on the Sappi website (www.sappi.com/annual-reports). The audited
Annual Financial Statements are not included in the Integrated Report but are available on
the Sappi website (www.sappi.com/annual-reports). The audited Annual Financial
Statements contain no material modifications to the reviewed preliminary results for the year
ended September 2019 which were published on SENS on 14 November 2019.

The Annual Financial Statements have been audited by Sappi’s auditors, KPMG. Their
unqualified report is available for inspection at the Company's registered office.

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the Annual General Meeting of shareholders of Sappi will be held
at the registered office of the Company in the Oxford Room, Ground Floor, 108 Oxford Road,
Rosebank, Johannesburg (entrance in 9th Street), South Africa on Wednesday 05 February
2020 at 14:00 to transact business as stated in the Notice of the Annual General Meeting
forming part of the Integrated Report.

The record date on which shareholders must be recorded as such in the register maintained
by the transfer secretaries of the company for the purposes of determining which
shareholders are entitled to attend and vote at the Annual General Meeting is Friday, 31
January 2020. According the last day to trade will be Tuesday, 28 January 2020.

CHANGES TO THE BOARD AND BOARD COMMITTEES

In terms of paragraph 3.59 (c) of the Listing Requirements of the JSE Limited, Sappi
shareholders are advised of the following changes to the Board and Board Committees of
Sappi Limited
                                                                            Page 2 of 2


Mr John McKenzie (Jock), Lead Independent non-executive director, and Ms Karen Osar,
independent non-executive director will retire from the Sappi Limited Board with effect from
31 December 2019.

Jock McKenzie was appointed to the Board in September 2007. He was a member of the HR
and Compensation Committee since 2007, Chairman of the Social, Ethics, Transformation
and Sustainability Committee until his appointment as Lead Independent Director in 2016
and thereafter member of the Nomination and Governance Committee.

Karen Osar was appointed to the Board in May 2007 and has since been a member of the
Audit and Risk Committee. Karen Osar also served as Chairman of the North American Audit
Committee from 2007 to 2016.

The Board would like to thank them both for the important contributions they have made to
the Board since their appointments.


The Board is pleased to announce the following changes with effect from 01 January 2020:

   •   Mr Mohammed Valli Moosa - Lead Independent Director

   •   Mr Mike Fallon - resign as member of the Audit and Risk Committee and appointed
       as member of the Nominations and Governance Committee

   •   Dr Bonakele Mehlomakulu - appointed as member of the Audit and Risk Committee




13 December 2019
Sponsor to Sappi: UBS South Africa (Pty) Ltd
www.sappi.com

Date: 13-12-2019 03:03:00
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