| Wed 24 Dec 2008, 12:46 | | SAP - Sappi Limited - Granting of options to directors of listed company |
|
SAP
SAVVI
SAP - Sappi Limited - Granting of options 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 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 : 22 December 2008
Nature of transaction : Grants of Options in terms of the
Sappi Limited Share Incentive Scheme
Strike price : R35,50 per share option
Vesting dates for
exercise of share options : Over 4 years at a rate of 25% per annum
commencing 22 December 2009
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 R
LJ NEWMAN Sappi International SA 7700 R273 350
DJ O`CONNOR Sappi Limited (Co 8250 R292 875
Secretary)
J PASSLER Sappi International SA 7700 R273 350
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 : 22 December 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 : 22 December 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
RJ BOETTGER Sappi Limited 154,000
H BONER Sappi Fine Paper Europe 26,400
(Secretary)
H DE JONGH Sappi Southern Africa 37,400
BM DICK Sappi Southern Africa 35,200
M GARDNER Sappi Fine Paper North 88,000
America
RD HOPE Sappi Fine Paper North 77,000
America
JH LABUSCHAGNE Sappi Southern Africa 88,000
N MAELANE Sappi Southern Africa 13,200
S MANCHESTER Sappi Fine Paper North 33,000
America (Secretary)
J MILLER Sappi Fine Paper North 35,200
America
DM MNCUBE Sappi Southern Africa 44,000
CM MOWATT Sappi Southern Africa 37,400
G PEARCE Sappi Fine Paper Europe 38,500
W RAU Sappi Papier Holding GmbH 44,000
A ROSSI Sappi Southern Africa 55,000
MR THOMPSON Sappi Limited 88,000
AD TUBB Sappi Southern Africa 37,400
G VAN AARDE Sappi Southern Africa 30,800
AJW VAN DER MERWE Sappi Southern Africa 28,600
B WIERSUM Sappi Fine Paper Europe 88,000
Date: 24/12/2008 12:46:17 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.
