SAPPI LIMITED - Granting of conditional share awards to directors of listed company
SAP 201402120015A
Granting of conditional share awards 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”)
1) 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 a director of one of the Company’s major subsidiary companies. The necessary
authority in terms of paragraph 3.66 was obtained and this was an off-market transaction :
Director’s name : A van C Thiel
Company (Subsidiary) : Sappi Southern Africa Limited
Nature of transaction : Grant of Conditional Share Awards in terms of the Sappi
Limited Performance Share Incentive Plan
Date of grant : 10 February 2014
Number of Conditional : 200 000
Share Awards granted
Total notional value : R6 700 000.00
Strike price : Nil (no consideration)
Vesting date for : 10 February 2018
Conditional Share Awards
Class of security : Ordinary shares
Extent of interest : Direct beneficial
2) DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANIES
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited, we hereby
provide the following information regarding dealing in securities of Sappi by directors of the
Company and its major subsidiaries. The dealings were on-market transactions and
clearances for the dealings were received in terms of Listings Requirement 3.66, as
follows :
Director’s name : Lucia Swartz
Company (Subsidiary) : Sappi Southern Africa
Date of transaction : 11 February 2014
Nature of transaction : Sale of shares
Number of shares sold : 8 500
Selling price per share : R33.51
Total value : R284 835.00
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Director’s name : Leo di Amato
Company (Subsidiary) : Sappi International SA
Date of transaction : 11 February 2014
Nature of transaction : Sale of shares arising from exercise of rights to shares in
terms of the Sappi Limited Share Incentive Scheme
Number of rights : 4 000
exercised/shares sold
Dates rights granted and : 2 December 2011 : R22.90
price
Vesting period : Over 4 years expiring after 8 years
Selling price per share : R33.55
Total value : R134 200.00
Denis O’Connor
Group Secretary
Sappi Limited
Tel +27 (0)11 407 8072; Fax +27 (0)11 339 1881
Denis.OConnor@Sappi.com
12 February 2014
Sponsor : UBS South Africa (Pty) Ltd
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