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SAP SSAI SAPCB - Listing of ZAR1,800,000,000 5.250% Senior Unsecured Convertible Registered Bonds Due 2025
Sappi Limited
(Incorporated in the Republic of South Africa)
(Registration number 1936/008963/06)
ISIN: ZAE000006284
JSE Share code: SAP
LEI: 549300SS17XQH8ESJG95
(“Sappi”)
Sappi Southern Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1951/003180/06)
LEI: 254900L0UBPY0Q3Q9A51
ISIN: ZAE000296083
JSE Alpha code: SAPCB
Bond Company code: SSAI
(“Sappi Southern Africa” or the “Issuer”)
LISTING OF ZAR1,800,000,000 5.250% SENIOR UNSECURED CONVERTIBLE
REGISTERED BONDS DUE 2025
Sappi shareholders and Sappi Southern Africa bondholders are referred to the announcement
released on SENS, dated 18 November 2020, in which Sappi and the Issuer announced the
successful placement of the unlisted ZAR1,800,000,000 5.250% senior unsecured convertible
registered bonds due 2025 (the “Convertible Bonds”).
An application for the listing of the Convertible Bonds on the Main Board of the JSE Limited (the
“JSE”) has been made to the JSE. This application was formally approved by the JSE on
Monday, 15 February 2021. The document setting out the full terms and conditions of the
Convertible Bonds (the “Listing Document”) is available for inspection on the JSE’s website
(www.jse.co.za) and on the Sappi website https://www.sappi.com/bond-and-insurance-captive-
reporting-requirements# from Tuesday, 16 February 2021. The Listing Document is also
available for inspection at the registered office of the Issuer, being 108 Oxford Rd, Houghton
Estate, Johannesburg, South Africa, 2196.
The salient dates for the Convertible Bonds in their unlisted form (under Bond Code: SSACB1,
ISIN: ZAU000017147) are as follows:
Last date to trade: Tuesday, 23 February 2021
Ex-date: Wednesday, 24 February 2021
Record date: Friday, 26 February 2021
Listing Date of the Convertible Bonds: Wednesday, 24 February 2021
The Convertible Bonds may be traded by or through members of the JSE in accordance with
the rules and operating procedures for the time being of the JSE (under Stock Code: SAPCB,
Short Name: SappiSACB and ISIN Code: ZAE000296083) from Wednesday, 24 February 2021
(the “Listed Convertible Bonds”). The clearing and settlement of trades on the JSE shall take
place in accordance with the electronic clearing and settlement procedures of the JSE and
Strate Proprietary Limited. The Bonds will not be rated.
Final positions for the transfer of the unlisted bonds will be determined on the record date, being
Friday, 26 February 2021 and the Listed Convertible Bonds will be credited to the bondholders’
accounts with the Central Securities Depository Participant (“CSDP”) on Monday, 1 March 2021.
The Listed Convertible Bonds will be traded in denominations of ZAR10 000 on the Main Board.
Consequently, each bondholder will be allocated by their respective CSDPs 200 listed
Convertible Bonds, with a denomination of ZAR10 000 each, for every unlisted Convertible
Bond with a denomination of ZAR2 million. Bondholders should note that the Listed Convertible
Bonds will trade on a units basis.
The details of the Listed Convertible Bonds, as approved by the JSE, are as follows:
Instrument Number: 95591
Alpha Code: SAPCB
Short Name: SappiSACB
Long Name: SappiSouthernAfricaLtdCB
ISIN: ZAE000296083
Issue Size (Units): 180,000
Issue Price : 180,000 bonds of ZAR10,000 each (1,000,000 cents
each)
Denomination: ZAR10,000 each
Listing Date: 24 February 2021
Maturity Date: 26 November 2025
Interest Payment Dates: 26 May and 26 November of each year until the Maturity
Date, with the first Interest Payment Date being on
26 May 2021
16 February 2021
Transaction Debt Sponsor:
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 16-02-2021 03:40:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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