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Sappi Limited (JSE:SAP) News - Dealing in securities by directors and company secretaries
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")
08 December 2021
DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARIES
VESTING AND SALE OF CONDITIONAL SHARE AWARDS TO DIRECTORS OF LISTED
COMPANY AND COMPANY SECRETARY
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 authority in terms of paragraph 3.66 of the
Requirements was obtained.
VESTING
These were off-market transactions:
Date of notification of transaction to : 04 December 2021
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 : 04 December 2017
Implied price : R46.96 (closing price on 03 December 2021)
Vesting period : 4 years from date of grant
Percentage of grants vested : 12.5%
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Page 2 of 3
NUMBER OF
NOTIONAL
SHARES
VALUE
NAME COMPANY SUBJECT TO
CONDITIONAL
(R)
AWARDS
SR Binnie Sappi Limited 17 125 804 190.00
S Blyth Sappi Europe SA 2 750 129 140.00
GR Bowles Sappi North America, Inc 7 875 369 810.00
D Daniel Sappi Papier Holding 950 44 612.00
M Eikelenboom Sappi Papier Holding 2 625 123 270.00
MG Haws Sappi North America Inc 2 750 129 140.00
B Köehldorfer Sappi Papier Holding 919 43 156.24
A Mahendranath Sappi Limited (Group Company Secretary) 250 11 740.00
Sappi North America, Inc (Company 129 140.00
S Manchester 2 750
Secretary)
MI Mansoor Sappi North America, Inc 4 750 223 060.00
FCS Marupen Sappi North America, Inc 6 375 299 370.00
PG Moodley Sappi Southern Africa 2 750 129 140.00
J Pässler Sappi Papier Holding 2 875 135 010.00
GT Pearce Sappi Limited 7 875 369 810.00
B Riegler Sappi Papier Holding 888 41 700.48
AvC Thiel Sappi Southern Africa 9 500 446 120.00
M van Hoven Sappi North America, Inc 7 375 346 330.00
S Wurdinger Sappi Europe SA 2 750 129 140.00
SALE OF SHARES
Date of transaction : 06 December 2021
Nature of transaction : Sale of shares (on market) to settle tax liability
arising from vesting of conditional share awards
as listed above.
Directors’ names and number of shares : Various, see table below
sold
Volume weighted average selling price per : R45.4524 (high R45.53; low R45.18)
share
Class of security : Ordinary shares
Extent of interest : Direct beneficial
Page 3 of 3
NOTIONAL
NUMBER OF VALUE
NAME COMPANY
SHARES SOLD
(R)
GR Bowles Sappi North America, Inc 3 661 166 401.24
D Daniel Sappi Papier Holding 950 43 179.78
PG Moodley Sappi Southern Africa 1 278 58 088.17
Sponsor : UBS South Africa (Pty) Ltd
Date: 08-12-2021 05:20:00
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