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SAP
SAVVI
SAP - Sappi Limited - Granting Of Options To Directors Of Listed Company
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")
GRANTING OF OPTIONS TO DIRECTORS OF LISTED COMPANY
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we
hereby provide the following information regarding the granting of options by
Sappi to the undermentioned directors of the Company and its major subsidiary
companies:
Date of transaction : 12 December 2007
Nature of transaction : Grants of Options in terms of the Sappi Limited
Share Incentive Scheme
Strike price : R91,32 per share option
(Based on closing cum dividend share price on
JSE on 3 December 2007, R93,50, less indicative
dividend amount of R2,18 per share based on
exchange rate on that day).
Vesting dates for
exercise of share options: Over 4 years at a rate of 25% per annum
commencing 12 December 2008
Class of security : Ordinary shares
Extent of interest : Direct beneficial
The necessary authority in terms of 3.66 was obtained.
DIRECTOR`S NAME COMPANY NUMBER OF VALUE
OPTIONS
LJ NEWMAN Sappi Limited 4000 R365,28
0
DJ O`CONNOR Sappi Limited (Co 3000 R273,96
Secretary) 0
J PASSLER Sappi International 5000 R456,60
SA 0
GRANTING OF CONDITIONAL SHARE AWARDS TO DIRECTORS OF
LISTED COMPANY
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we
hereby provide the following information regarding the granting of conditional
share awards by Sappi to the undermentioned directors of the Company and its
major subsidiary companies:
Date of transaction : 12 December 2007
Nature of transaction : Grants of Conditional Share Awards in terms
of the Sappi Limited Performance Share
Incentive Plan
Strike price : Nil
Vesting dates for
Conditional share awards : 12 December 2011
Class of security : Ordinary shares
Extent of interest : Direct beneficial
The necessary authority in terms of 3.66 was obtained.
DIRECTOR`S NAME COMPANY NUMBER OF
SHARES
SUBJECT TO
CONDITIONAL
AWARDS
RJ BOETTGER Sappi Limited 50,000
H DE JONGH Sappi Forest Products 16,000
BM DICK Sappi Forest Products 15,000
RD HOPE Sappi Fine Paper North 35,000
America
JH LABUSCHAGNE Sappi Forest Products 40,000
VAR LUBBE Sappi Forest Products 18,000
DM MNCUBE Sappi Forest Products 18,000
CM MOWATT Sappi Forest Products 15,000
A ROSSI Sappi Forest Products 15,000
MR THOMPSON Sappi Limited 40,000
AD TUBB Sappi Forest Products 20,000
G VAN AARDE Sappi Forest Products 10,000
AJW VAN DER Sappi Forest Products 8,000
MERWE
B WIERSUM Sappi Fine Paper Europe 40,000
Date: 14/12/2007 16:02:24 Produced by the JSE SENS Department.
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