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Sappi Limited
(Incorporated in the Republic of South Africa)
Registration number: 1936/008963/06
JSE share code: SAP
ISIN code: ZAE000006284
("Sappi" or the "Company")
DEALINGS IN SECURITIES BY DIRECTORS AND DIRECTORS OF MAJOR
SUBSIDIARIES AND THE COMPANY SECRETARIES
GRANTING OF CONDITIONAL SHARE AWARDS TO DIRECTORS AND DIRECTORS OF
MAJOR SUBSIDIARIES AND THE COMPANY SECRETARIES
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited
(“Requirements”), we hereby provide the following information regarding the granting of
conditional share awards by Sappi to the undermentioned directors of the Company and its
major subsidiary companies and company secretary. The necessary clearance in terms of
paragraph 3.66 of the Requirements was obtained in each instance and these were all off-
market transactions:
Date of notification of transaction to : 18 November 2022
participant and acceptance of
conditional award
Nature of transaction : Grant and acceptance of conditional share
awards in terms of the Sappi Limited
Performance Share Incentive Plan
Assumed price per conditional share : R51.00 (closing price on 18 November 2022)
award
:
Vesting dates for conditional share : 18 November 2026
awards
Class of security : Conditional awards of ordinary shares
Extent of interest : Direct beneficial
DEA
NAME COMPANY NUMBER OF NOTIONAL
SHARES VALUE
SUBJECT TO
CONDITIONAL (R)
AWARDS
SR Binnie Sappi Limited 162 000 8 262 000
S Blyth Sappi Europe SA 27 000 1 377 000
GR Bowles Sappi North America, Inc 70 000 3 570 000
D David Sappi Papier Holding 16 000 816 000
M Eikelenboom Sappi Papier Holding 90 000 4 590 000
MG Haws Sappi North America, Inc 90 000 4 590 000
B Köehldorfer Sappi Papier Holding 10 000 510 000
A Mahendranath Sappi Limited (Group Company Secretary) 13 000 663 000
S Manchester Sappi North America, Inc (Company 27 000 1 377 000
Secretary)
MI Mansoor Sappi North America, Inc 54 000 2 754 000
FCS Marupen Sappi North America, Inc 61 000 3 111 000
P Moodley Sappi Southern Africa 27 000 1 377 000
J Pässler Sappi Papier Holding 27 000 1 377 000
GT Pearce Sappi Limited 77 000 3 927 000
B Riegler Sappi Papier Holding 9 000 459 000
AvC Thiel Sappi Southern Africa 90 000 4 590 000
M Van Hoven Sappi North America, Inc 72 000 3 672 000
S Wurdinger Sappi Europe SA 27 000 1 377 000
VESTING AND SALE OF CONDITIONAL SHARE AWARDS TO DIRECTORS AND
DIRECTORS OF MAJOR SUBSIDIARIES AND COMPANY SECRETARIES
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited
(“Requirements”), we hereby provide the following information regarding the vesting and sale
of conditional share awards by directors of the Company and its major subsidiary companies
and company secretary. The necessary clearance in terms of paragraph 3.66 of the
Requirements was obtained in each instance.
.
VESTING
These were off-market transactions:
Date of notification of transaction to : 19 November 2022
participant
Nature of transaction : Vesting of grants of conditional share awards
in terms of the Sappi Limited Performance
Share Incentive Plan
Number of conditional share awards : Various, see table below
granted
Date of grant : 19 November 2018
Assumed price per conditional share : R51.00 (closing price on 18 November 2022)
award
Vesting period : 4 years from date of grant
Percentage of grants vested : 50%
Class of security : Ordinary shares
Extent of interest : Direct beneficial
NAME COMPANY NUMBER OF NOTIONAL
SHARES VALUE
SUBJECT TO
CONDITIONAL (R)
AWARDS
SR Binnie Sappi Limited 71 000 3 621 000
S Blyth Sappi Europe SA 11 500 586 500
GR Bowles Sappi North America, Inc 32 500 1 657 500
D Daniel Sappi Papier Holding 4 350 221 850
M Eikelenboom Sappi Papier Holding 11 500 586 500
MG Haws Sappi North America Inc 11 500 586 500
B Köehldorfer Sappi Papier Holding 3 750 191 250
A Mahendranath Sappi Limited (Group Company Secretary) 4 600 234 600
S Manchester Sappi North America, Inc (Company 11 500 586 500
Secretary)
MI Mansoor Sappi North America, Inc 19 500 994 500
FCS Marupen Sappi North America, Inc 26 500 1 351 500
PG Moodley Sappi Southern Africa 11 500 586 500
J Pässler Sappi Papier Holding 12 000 612 000
GT Pearce Sappi Limited 32 500 1 657 500
B Riegler Sappi Papier Holding 3 750 191 250
AvC Thiel Sappi Southern Africa 39 500 2 014 500
M van Hoven Sappi North America, Inc 30 500 1 555 500
S Wurdinger Sappi Europe SA 11 500 586 500
SALE OF SHARES
Date of transaction : 23 November 2022
Nature of transaction : Sale of shares (on market) to settle tax liability
arising from vesting of conditional share awards
as listed above.
Volume weighted average selling price per : R49.4802(high R50.58; low R48.54)
share
Class of security : Ordinary shares
Extent of interest : Direct beneficial
NAME COMPANY NUMBER OF VALUE
SHARES SOLD
(R)
SR Binnie Sappi Limited 32 125 1 589 551.43
S Blyth Sappi Europe SA 5 350 264 719.07
GR Bowles Sappi North America, Inc 15 120 748 140.62
D Daniel Sappi Papier Holding 4 350 215 238.87
A Mahendranath Sappi Limited (Group Company Secretary) 2 140 105 887.63
FCS Marupen Sappi North America, Inc 12 330 610 090.87
PG Moodley Sappi Southern Africa 11 500 569 022.30
J Pässler Sappi Papier Holding 12 000 593 762.40
GT Pearce Sappi Limited 15 120 748 140.62
B Riegler Sappi Papier Holding 1 750 86 590.35
M van Hoven Sappi North America, Inc 14 190 702 124.04
24 November 2022
Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
