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SAPPI LIMITED - DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANIES
SAPPI LIMITED
(Registration number 1936/008963/06)
Issuer Code: SAVVI
JSE Code: SAP
ISIN Code: ZAE000006284
DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANIES
In terms of paragraph 3.63 of the Listing Requirements of the JSE Securities
Exchange, we hereby provide the following information regarding dealing in
securities of Sappi by directors of the Company and by directors of the
Company"s major subsidiary companies, viz:
Director"s Name: Wolfgang Pfarl
Company: Sappi Limited
Date of transaction: 6 February 2004
Nature of transaction: Acceptance of Share Options in terms of the Sappi
Limited Share Incentive Scheme
Number of share options
accepted: 30 000
Strike price: R79,25 per share option (Ex-dividend closing price
on the day before Group Remuneration Committee
approval)
Vesting dates for exercise
of share options: 6 000 share options on 5 February 2005
6 000 share options on 5 February 2006
6 000 share options on 5 February 2007
6 000 share options on 5 February 2008
6 000 share options on 5 February 2009
Any options not exercised by 5 February 2012 will
lapse.
Class of security: Ordinary shares
Extent of interest: Direct beneficial
Director"s Name: Donald Gert Wilson
Company: Sappi Limited
Date of transaction: 6 February 2004
Nature of transaction: Acceptance of Share Options in terms of the Sappi
Limited Share Incentive Scheme
Number of share options
accepted: 30 000
Strike price: R79,25 per share option (Ex-dividend closing price
on the day before Group Remuneration Committee
approval)
Vesting dates for exercise
of share options: 6 000 share options on 5 February 2005
6 000 share options on 5 February 2006
6 000 share options on 5 February 2007
6 000 share options on 5 February 2008
6 000 share options on 5 February 2009
Any options not exercised by 5 February 2012 will
lapse.
Class of security: Ordinary shares
Extent of interest: Direct beneficial
Director"s Name: John Leonard Job
Company: Sappi Limited
Date of transaction: 6 February 2004
Nature of transaction: Acceptance of Share Options in terms of the Sappi
Limited Share Incentive Scheme
Number of share options
accepted: 15 000
Strike price: R79,25 per share option (Ex-dividend closing price
on the day before Group Remuneration Committee
approval)
Vesting dates for exercise
of share options: 3 000 share options on 5 February 2005
3 000 share options on 5 February 2006
3 000 share options on 5 February 2007
3 000 share options on 5 February 2008
3 000 share options on 5 February 2009
Any options not exercised by 5 February 2012 will
lapse.
Class of security: Ordinary shares
Extent of interest: Direct beneficial
Director"s Name: Johathan Charles Alexander Leslie
Company: Sappi Limited
Date of transaction: 6 February 2004
Nature of transaction: Acceptance of Share Options in terms of the Sappi
Limited Share Incentive Scheme
Number of share options
Accepted: 100 000
Strike price: R79,25 per share option (Ex-dividend closing price
on the day before Group Remuneration Committee
approval)
Vesting dates for exercise
of share options: 20 000 share options on 5 February 2005
20 000 share options on 5 February 2006
20 000 share options on 5 February 2007
20 000 share options on 5 February 2008
20 000 share options on 5 February 2009
Any options not exercised by 5 February 2012 will
lapse.
Class of security: Ordinary shares
Extent of interest: Direct beneficial
In terms of paragraph 3.63 of the Listing Requirements of the JSE Securities
Exchange, we hereby provide the following information regarding dealing in
securities of Sappi by directors of the Company and by directors of the
Company"s major subsidiary companies. The dealing which is in terms of the
Sappi Limited Share Incentive Scheme, and for which clearance was received in
terms of Listings Requirement 3.74, is as follows:
Director"s Name: Doeko Bosscher
Company: Sappi Fine Paper Plc
Date of transaction: 5 February 2004
Nature of transaction: Sale of shares arising from exercise of Share
Options in terms of the Sappi Limited Share
Incentive Scheme
Number of share options
exercised/shares sold: 20 000
Date options granted and
options exercise price: 16 000 share options - R53,85 - 22 December 1999
4 000 share options - R49,00 - 15 January 2001
Vesting period: Over 5 years
Selling price: R91,65
Class of security: Ordinary shares
Extent of interest: Direct beneficial
Date: 06/02/2004 05:05:07 PM
Produced by the JSE SENS Department
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