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)
Issuer Code: SAVVI
JSE Code: SAP
ISIN code: 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 notification of transaction: 14 December 2009
Nature of transaction: Grants of Options in terms of the
Sappi Limited Share Incentive Scheme
Strike price: R33,85 per share option
(Being closing share price on JSE on
07 December 2009)
Vesting dates for
exercise of share options: Over 4 years at a rate of 25% per annum
commencing 09 December 2010
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
L DI AMATO Sappi International 7000 R236
SA 950
LJ NEWMAN Sappi International 8000 R270
SA 800
DJ O`CONNOR Sappi Limited (Co 11000 R372
Secretary) 350
J PASSLER Sappi International 8000 R270
SA 800
R PEELMAN Sappi International 7000 R236
SA 950
ldocalldirectorsoptionsDEC2009
Date: 15/12/2009 11:39:01 Produced by the JSE SENS Department.
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