SAP - Sappi Limited - Granting of options to directors of listed company -
SAP
SAVVI
SAP - Sappi Limited - Granting of options to directors of listed company -
Replacement of announcement sent at 16h21
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. The necessary authority in terms of paragraph 3.66 was obtained and
these were off-market transactions:
Date of notification
of transaction : 5 December 2011
Nature of transaction : Grants of Options in terms of the
Sappi Limited Share Incentive Scheme
Strike price : R22.90 per share option
(Being closing share price on JSE on 1 December 2011)
Vesting dates for : Over 4 years at a rate of 25% per annum
commencing exercise of share options
2December 2011)
Class of security : Ordinary shares
Extent of interest : Direct beneficial
DIRECTOR`S NAME COMPANY NUMBER OF VALUE
OPTIONS
S BLYTH Sappi International SA 20 000 R458 000
J
L DI AMATO Sappi International SA 08 000 R183 200
LJ NEWMAN Sappi International SA 20 000 R458 000
DJ O`CONNOR Sappi Limited (Co Secretary) 15 000 R343 500
J PASSLER Sappi International SA 30 000 R687 000
R PEELMAN Sappi International SA 08 000 R183 200
6 December 2011
Sponsor: UBS South Africa (Pty) Ltd
Date: 06/12/2011 17:13:43 Produced by the JSE SENS Department.
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