SAP - Sappi Limited - Dealing in securities by directors of listed companies
SAP
SAVVI
SAP - Sappi Limited - Dealing in securities by directors of listed companies
Sappi Limited
(Registration number 1936/008963/06)
(Incorporated in the Republic of South Africa)
Share code: SAP ISIN: ZAE000006284)
("Sappi" or the "Company")
DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANIES
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited,
we hereby provide the following information regarding dealing in securities
of Sappi by a director of one of the Company`s major subsidiary companies.
Clearance for the dealing was received in terms of Listings Requirement 3.66,
as follows:
Director`s Name : R D Hope
Company (Subsidiary) : Sappi Fine Paper North America,
Date of transaction : 22 December 2008
Nature of transaction: 1. Exercise of rights to shares in terms of
the Sappi Limited Share Incentive Scheme and
purchase and sale of the shares arising
therefrom.
Number of rights : 1.1 10 000
Exercised : 1.2 12 000
22 000
Dates rights granted: 2.1 15 January 2001 : R49.00, linked to
grant of and price : 2.2 15 December 2008
made to take into cognizance rights offer :
R20.27
Vesting period : Over 5 years, expiring after 8 years
Number of shares purchased : 11 000
Number of shares sold : 11 000
Selling price : R37,00
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Date: 24/12/2008 12:31:21 Produced by the JSE SENS Department.
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