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SAP
SAVVI
SAP - Sappi Limited - Granting of conditional share awards to directors of
listed company
Sappi Limited
(Registration number 1936/008963/06)
(Incorporated in the Republic of South Africa)
Share code: SAP ISIN: ZAE000006284)
("Sappi" or the "Company")
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 : 15 December 2008
Nature of transaction : Grants of conditional share awards
in terms of the Sappi Limited
Performance Share Incentive Plan to
take cognizance of the recent Sappi
Limited Rights Offer which offered
shareholders 6 shares for every 5
shares held. The additional grants
arise from existing conditional
share awards in the Sappi Limited
Performance Share Incentive Plan
and are in the same proportion as
rights offered to shareholders.
Number of conditional
Share awards granted : Various, see table below
Vesting period : Various, see table below
Grant price : R20,27
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director`s Name : R J Boettger
Company : Sappi Limited,
of which he is a director
Number of Existing Dates of Number of Vesting
Grants of Existing Grants Additional Period Of
Conditional Share Grants at Additional
Awards at R Nil R20,27 Per Grants
Per Grant Grant
100 000 2/07/07 120 000 4 years from
date of
existing
grants
50 000 12/12/07 60 000 4 years from
date of
existing
grants
Director`s Name : M R Thompson
Company (Subsidiary) : Sappi Limited,
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Conditional Existing Grants Additional Additional Grants
Share Awards at R Nil Grants at
Per Grant R20,27 Per
Grant
6 000 13/12/04 7 200 4 years from date
of existing
grants
24 000 13/12/05 28 800 4 years from date
of existing
grants
50 000 31/05/07 60 000 4 years from date
of existing
grants
40 000 12/12/07 48 000 4 years from date
of existing
grants
Director`s Name : J B Boner
Company (Subsidiary) : Sappi Fine Paper Europe (Company
Secretary) of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Conditional Existing Additional Additional Grants
Share Awards at R Nil Grants Grants at
Per Grant R20,27 Per
Grant
4 000 13/12/05 4 800 4 years from date
of existing
grants
6 500 31/05/07 7 800 4 years from date
of existing
grants
12 000 12/12/07 14 400 4 years from date
of existing
grants
Director`s Name : H de Jongh
Company (Subsidiary) : Sappi Southern Africa
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Existing Grants Additional Additional Grants
Conditional Share Grants at
Awards at R Nil Per R20,27 Per
Grant Grant
3 500 13/12/05 4 200 4 years from date
of existing grants
15 000 31/05/07 18 000 4 years from date
of existing grants
16 000 12/12/07 19 200 4 years from date
of existing grants
Director`s Name : B M Dick
Company (Subsidiary) : Sappi Southern Africa
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Existing Additional Grants Additional Grants
Conditional Share Grants at R20,27 Per
Awards at R Nil Per Grant
Grant
3 000 13/12/04 3 600 4 years from date
of existing grants
15 000 13/12/05 18 000 4 years from date
of existing grants
12 000 31/05/07 14 400 4 years from date
of existing grants
15 000 12/12/07 18 000 4 years from date
of existing grants
Director`s Name : J H Labuschagne
Company (Subsidiary) : Sappi Southern Africa
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Existing Additional Grants Additional Grants
Conditional Share Grants at R20,27 Per
Awards at R Nil Grant
Per Grant
3 000 13/12/04 3 600 4 years from date of
existing grants
15 000 13/12/05 18 000 4 years from date of
existing grants
40 000 31/05/07 48 000 4 years from date of
existing grants
40 000 12/12/07 48 000 4 years from date of
existing grants
Director`s Name : V A R Lubbe
Company (Subsidiary) : Sappi Southern Africa
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Existing Additional Additional Grants
Conditional Share Grants Grants at
Awards at R Nil Per R20,27 Per
Grant Grant
6 000 13/12/04 7 200 4 years from date of
existing grants
15 000 13/12/05 18 800 4 years from date of
existing grants
20 000 31/05/07 24 000 4 years from date of
existing grants
18 000 12/12/07 21 600 4 years from date of
existing grants
Director`s Name : D M Mncube
Company (Subsidiary) : Sappi Southern Africa
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Existing Additional Grants Additional Grants
Conditional Share Grants at R20,27 Per
Awards at R Nil Grant
Per Grant
6 000 13/12/04 7 200 4 years from date of
existing grants
15 000 13/12/05 18 000 4 years from date of
existing grants
20 000 31/05/07 24 000 4 years from date of
existing grants
18 000 12/12/07 21 600 4 years from date of
existing grants
Director`s Name : C M Mowatt
Company (Subsidiary) : Sappi Southern Africa
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Existing Additional Grants Additional Grants
Conditional Share Grants at R20,27 Per
Awards at R Nil Grant
Per Grant
4 000 13/12/05 4 800 4 years from date of
existing grants
15 000 31/05/07 18 000 4 years from date of
existing grants
15 000 12/12/07 18 000 4 years from date of
existing grants
Director`s Name : A D Tubb
Company (Subsidiary) : Sappi Southern Africa
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Conditional Existing Grants Additional Additional Grants
Share Awards at R Nil Grants at
Per Grant R20,27 Per
Grant
6 000 13/12/04 7 200 4 years from date
of existing grants
15 000 13/12/05 18 000 4 years from date
of existing grants
14 000 31/05/07 16 800 4 years from date
of existing grants
20 000 12/12/07 24 000 4 years from date
of existing grants
Director`s Name : G M van Aarde
Company (Subsidiary) : Sappi Limited,
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Existing Additional Additional Grants
Conditional Share Grants Grants at R20,27
Awards at R Nil Per Per Grant
Grant
3 700 13/12/05 4 440 4 years from date of
existing grants
4 000 31/05/07 4 800 4 years from date of
existing grants
10 000 12/12/07 12 000 4 years from date of
existing grants
Director`s Name : A J van der Merwe
Company (Subsidiary) : Sappi Southern Africa
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Existing Grants Additional Additional Grants
Conditional Share Grants at
Awards at R Nil Per R20,27 Per
Grant Grant
2 000 13/12/04 2 400 4 years from date of
existing grants
15 000 13/12/05 18 000 4 years from date of
existing grants
8 000 31/05/07 9 600 4 years from date of
existing grants
8 000 12/12/07 9 600 4 years from date of
existing grants
Director`s Name : A Rossi
Company (Subsidiary) : Sappi Southern Africa,
of which he is a director Sappi Fine Paper North America,
Sappi Fine Paper Europe
Number of Existing Dates of Number of Vesting Period Of
Grants of Existing Additional Grants Additional Grants
Conditional Share Grants at R20,27 Per
Awards at R Nil Grant
Per Grant
6 000 13/12/04 7 200 4 years from date of
existing grants
15 000 13/12/05 18 000 4 years from date of
existing grants
12 000 31/05/07 14 400 4 years from date of
existing grants
15 000 12/12/07 18 000 4 years from date of
existing grants
Director`s Name : L J Newman
Company (Subsidiary) : Sappi International SA
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Existing Additional Additional Grants
Conditional Share Grants Grants at
Awards at R Nil Per R20,27 Per
Grant Grant
6 000 13/12/05 7 200 4 years from date of
existing grants
6 000 31/05/07 7 200 4 years from date of
existing grants
Director`s Name : J Passler
Company (Subsidiary) : Sappi International SA
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Existing Additional Additional Grants
Conditional Share Grants Grants at
Awards at R Nil R20,27 Per
Per Grant Grant
5 000 13/12/05 6 000 4 years from date of
existing grants
8 000 31/05/07 9 600 4 years from date of
existing grants
Director`s Name : R D Hope
Company (Subsidiary) : Sappi Fine Paper North America
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Existing Additional Additional Grants
Conditional Share Grants Grants at
Awards at R Nil R20,27 Per
Per Grant Grant
6 000 13/12/04 7 200 4 years from date of
existing grants
35 000 13/12/05 42 000 4 years from date of
existing grants
30 000 31/05/07 36 000 4 years from date of
existing grants
35 000 12/12/07 42 000 4 years from date of
existing grants
Director`s Name : S G Manchester (Company Secretary)
Company (Subsidiary) : Sappi Fine Paper North America
of which she is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Conditional Existing Additional Additional Grants
Share Awards at R Nil Grants Grants at
Per Grant R20,27 Per
Grant
3 000 13/12/04 3 600 4 years from date
of existing grants
15 000 13/12/05 18 000 4 years from date
of existing grants
15 000 31/05/07 18 000 4 years from date
of existing grants
18 000 12/12/07 21 600 4 years from date
of existing grants
Director`s Name : J I Miller
Company (Subsidiary) : Sappi Fine Paper North America
of which she is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Existing Additional Additional Grants
Conditional Share Grants Grants at
Awards at R Nil Per R20,27 Per
Grant Grant
4 000 13/12/04 4 800 4 years from date
of existing grants
8 000 13/12/05 9 600 4 years from date
of existing grants
8 000 31/05/07 9 600 4 years from date
of existing grants
20 000 12/12/07 24 000 4 years from date
of existing grants
Director`s Name : G Pearce
Company (Subsidiary) : Sappi Fine Paper Europe
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Existing Additional Additional Grants
Conditional Share Grants Grants at
Awards at R Nil Per R20,27 Per
Grant Grant
6 000 13/12/05 7 200 4 years from date of
existing grants
4 500 31/05/07 5 400 4 years from date of
existing grants
Director`s Name : D J O`Connor (Company Secretary)
Company : Sappi Limited
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Existing Additional Additional Grants
Conditional Share Grants Grants at
Awards at R Nil Per R20,27 Per
Grant Grant
2 000 13/12/05 2 400 4 years from date of
existing grants
2 500 31/05/07 3 000 4 years from date of
existing grants
Director`s Name : M R Gardner
Company (Subsidiary) : Sappi Fine Paper North America
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Existing Additional Additional Grants
Conditional Share Grants Grants at
Awards at R Nil Per R20,27 Per
Grant Grant
15 000 13/12/05 18 000 4 years from date of
existing grants
13 000 31/05/07 15 600 4 years from date of
existing grants
25 000 10/08/07 30 000 4 years from date of
existing grants
40 000 12/12/07 48 000 4 years from date of
existing grants
Director`s Name : W V Rau
Company (Subsidiary) : Sappi Papier Holding GmbH
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Existing Additional Additional Grants
Conditional Share Grants Grants at
Awards at R Nil Per R20,27 Per
Grant Grant
4 000 13/12/05 4 800 4 years from date of
existing grants
15 000 31/05/07 18 000 4 years from date of
existing grants
19 000 12/12/07 22 800 4 years from date of
existing grants
Director`s Name : B J Wiersum
Company (Subsidiary) : Sappi Fine Paper Europe
of which he is a director
Number of Existing Dates of Number of Vesting Period Of
Grants of Conditional Existing Additional Additional Grants
Share Awards at R Nil Grants Grants at
Per Grant R20,27 Per
Grant
50 000 29/01/07 60 000 4 years from date of
existing grants
40 000 12/12/07 48 000 4 years from date of
existing grants
Date: 19/12/2008 17:30:20 Produced by the JSE SENS Department.
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