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SAP
SAVVI
SAP - Sappi Limited - Granting of options to directors of listed company
Sappi Limited
Reg No 1936/008963/06
(Incorporated in the Republic of South Africa)
JSE Code SAP
ISIN code ZAE 000006284
NYSE code SPP
("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 : 3 December 2010
Nature of transaction : Grants of Options in terms of the
Sappi Limited Share Incentive Scheme
Strike price : R35.20 per share option
(Being closing share price on JSE on
1 December 2010)
Vesting dates for
exercise of share options : Over 4 years
at a rate of 25% per annum commencing
3 December 2011
Class of security : Ordinary shares
Extent of interest : Direct beneficial
The necessary authority in terms of Paragraph 3.66 was obtained and these were
off-market transactions.
DIRECTOR`S NAME COMPANY NUMBER OF VALUE
OPTIONS
S BLYTH Sappi International SA 18 000 R633
600
L DI AMATO Sappi International SA 08 000 R281
600
LJ NEWMAN Sappi International SA 18 000 R633
600
DJ O`CONNOR Sappi Limited (Co Secretary) 15 000 R528
000
J PASSLER Sappi International SA 25 000 R880
000
R PEELMAN Sappi International SA 08 000 R281
600
6 December 2010
Sponsor: UBS South Africa (Pty) Ltd
Date: 06/12/2010 14:00:01 Produced by the JSE SENS Department.
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