SAP - Sappi - Granting of conditional share awards to directors of listed
SAP
SAVVI
SAP - Sappi - Granting of conditional share awards to directors of listed
company
Sappi Limited
Registration Number 1936/008963/06
(Incorporated in the Republic of South Africa)
Issuer Code: SAVVI
JSE Code: SAP
ISIN: ZAE000006284
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 a major subsidiary
company of Sappi Limited :
Date of transaction : 19 March 2008
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 : 19 March 2012
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
M GARDNER Sappi Fine Paper North 40 000
America
S MANCHESTER Sappi Fine Paper North 18 000
America
J MILLER Sappi Fine Paper North 20 000
America
D J O`Connor
Group Secretary
Sappi Limited
Date: 25/03/2008 16:23:53 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
