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SAP
SAVVI
SAP - Sappi - Results Of General Meeting
Sappi Limited
(Reg No 1936/008963/06)
(Incorporated in the Republic of South Africa)
JSE Share Code : SAP
ISIN Code : ZAE000006284
("Sappi")
This document is not an offer of securities for sale in the United States.
Securities may not be offered or sold in the United States absent registration
with the United States Securities and Exchange Commission or an exemption from
registration. There will be no public offering of any securities in the United
States. This document is not for distribution in the United States, Japan,
Australia or Canada.
RESULTS OF GENERAL MEETING
Further to the circular to the shareholders of Sappi Limited ("Sappi" or the
"Company") dated 10 October 2008 regarding the proposed acquisition by Sappi of
M-real Corporation`s ("M-real") coated graphic paper business (the "Proposed
Acquisition") and the impending rights offer announced on SENS on Friday 31
October 2008 (the "Proposed Rights Offer"), Sappi is pleased to announce that
all the special and ordinary resolutions to approve the Proposed Acquisition and
implement the Proposed Rights Offer proposed at the general meeting of
shareholders held on Monday, 3 November 2008, (the "general meeting") were
passed by the requisite majority of votes.
The special resolution passed at the general meeting will be lodged with the
Registrar of Companies for registration. The final terms of the Proposed Rights
Offer will be published on Friday 7 November 2008. Further details on the
Proposed Rights Offer will be contained in a rights offer circular that will be
posted to Sappi shareholders in due course.
Johannesburg
3 November 2008
Financial adviser to Sappi
Morgan Stanley & Co. Ltd.
Transaction sponsor
Morgan Stanley South Africa (Proprietary) Limited
Investment bankers to Sappi
Citigroup Global Markets Limited
JP Morgan Securities Ltd
South African legal adviser to Sappi
Bowman Gilfillan
English legal adviser to Sappi
Linklaters LLP
US legal adviser to Sappi
Cravath, Swaine & Moore LLP
Reporting accountants and Due Diligence to Sappi
Deloitte & Touche
Financial adviser to M-real
Goldman Sachs International
South African legal adviser to M-real
Werksmans
English legal adviser to M-real
Slaughter and May
Sponsor to Sappi
UBS South Africa (Proprietary) Limited
Reporting accountants to M-real
PricewaterhouseCoopers
This document is not an offer of securities for sale in the United States.
Securities may not be offered or sold in the United States absent registration
with the United States Securities and Exchange Commission or an exemption from
registration. There will be no public offering of any securities in the United
States. This document is not for distribution in the United States, Japan,
Australia or Canada.
Date: 03/11/2008 17:32:00 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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