| Fri 2 Oct 2009, 11:55 | | SAP - Sappi - Cancellation Of Listing Of Ordinary Shares On The Official List |
|
SAP
SAVVI
SAP - Sappi - Cancellation Of Listing Of Ordinary Shares On The Official List
And Closure Of The Offshore Register
Sappi Limited
(Registration number: 1936/008963/06)
(Incorporated in the Republic of South Africa)
Share code: SAP
ISIN : ZAE000006284
("Sappi" or the "Company")
CANCELLATION OF LISTING OF ORDINARY SHARES ON THE OFFICIAL LIST AND CLOSURE OF
THE OFFSHORE REGISTER
Sappi Limited ("the Company") has requested the UK Financial Services Authority
to cancel the listing of the Company`s ordinary shares of ZAR1.00 each
("Ordinary Shares") on the UK Official List and to cancel the admission of the
Ordinary Shares to trading on the London Stock Exchange`s market for listed
securities. It is expected that the cancellation of the UK listing and of the
admission of the Ordinary Shares to trading on the London Stock Exchange ("LSE")
will take effect at 8.00 am (UK time) on Monday, 02 November 2009.
The Ordinary Shares have been listed on the UK Official List since 1992.
Currently, shareholders holding approximately 0.036% of the total issued capital
of the Company appear on the Company`s UK register of members.
However, since listing on the LSE, only a small amount of trading in the
Ordinary Shares has been conducted on the LSE and taking into account the high
costs associated with being admitted to the UK Official List, the board of
directors of the Company consider that there is no longer any significant
benefit to the Company in maintaining this listing.
Following cancellation of the listing and the admission to trading in London,
the offshore register maintained by Capita Registrars (Jersey) Limited will be
closed on Monday, 23 November 2009. All shareholders on the UK register at that
time will be transferred to the South African register of members maintained by
Computershare Investor Services (Pty) Limited ("Computershare"). Subject to
putting the appropriate arrangements in place, shareholders will be able to
trade their shares on the JSE Limited ("JSE"). It should be noted that in order
to trade their shares on the JSE, shareholders will be required to dematerialise
their shareholding. For further information in this regard shareholders should
contact Computershare at the address or telephone number below or by e-Mail at
sappi-offshore-register@computershare.co.za or Mr D O`Connor, Group Secretary of
the Company at the address or telephone number below or by e-Mail at
Denis.Oconnor@sappi.com.
The Company is aware, however, that until the close of business on Friday, 23
October 2009 Redmayne-Bentley Stockbrokers is willing to provide a sale dealing
service to certificated shareholders on the offshore register with UK registered
addresses, subject to the availability of a market related price, on normal
commercial terms. Any such shareholder who is interested in utilising this
service should contact Mr M Burke or Mr C Day of Redmayne-Bentley Stockbrokers
either by telephone no 0113 243 6941 or by e-Mail at sappidealing@redmayne.co.uk
Registered Office
48 Ameshoff Street
Braamfontein
Johannesburg 2001 South Africa
(P O Box 31560, Braamfontein 2107, South Africa)
Tel +27 11 407 8072
United Kingdom Registrars
Capita Registrars
The Registry
34 Beckenham Road
Beckenham
Kent BR3 4TU
South African Transfer Secretaries
Computershare Investor Services (Pty) Limited
(Registration number 2004/003647/07)
70 Marshall Street
Johannesburg 2001
South Africa
(P O Box 61051, Marshalltown 2107, South Africa)
Tel +27 11 370 5000
02 October 2009
Date: 02/10/2009 11:55:01 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.
