Dealing in Securities by Directors of Listed Companies
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JOHANNESBURG, South Africa, June 6 /PRNewswire-FirstCall/ -- Sappi
(NYSE: JSE, LSE: SPP), the world's leading producer of coated fine paper,
today announced the following information regarding dealing in securities of
Sappi by a director of one of the Company's major subsidiary companies. All
terms of paragraph 3.63 of the Listings Requirements of the JSE Limited
providing clearance for the dealing, was received in terms of Listings
Requirement 3.66, as follows:
Director's Name D M Mncube
Company (Subsidiary) Sappi Southern Africa
Date of transaction 03 June 2008
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
Exercised/shares sold 10 500
Dates rights granted 1) 4 000 on 30 December 2003 at ZAR 79,25 per
share
2) 6 500 on 13 December 2004 at ZAR 78,00 per
share
Vesting period 1) Over 5 years, expiring after 8 years
2) Over 4 years, expiring after 8 years
Selling price ZAR 112,01
Class of security Ordinary shares
Extent of interest Direct beneficial
Ldoc055
About Sappi Limited
A global leader in the pulp and paper industry, Sappi Limited (NYSE, JSE,
LSE) conducts its business through two business units, Sappi Fine Paper and
Sappi Forest Products. Sappi Fine Paper, operating in Europe, North America
and South Africa, produces a wide range of coated fine paper brands with an
international reputation for quality and innovation. The company also produces
a range of uncoated graphic and business papers, coated and uncoated specialty
papers, as well as casting release papers. Sappi Forest Products owns or
manages approximately 540,000 hectares of plantations through Sappi Forests;
is a leading Southern African fully integrated pulp, packaging paper and
newsprint business through Sappi Kraft; and is the world's leading producer of
chemical cellulose used in the manufacture of viscose fibre through Sappi
Saiccor; Sappi Trading, based in Hong Kong, operates a trading network for the
international sales and distribution of the products of the two divisions
outside their core operation regions. For more information, visit:
www.sappi.com.
Registration Number 1936/008963/06
(Incorporated in the Republic of South Africa)
Share code: SAP ISIN: ZAE000006284
SOURCE Sappi
Denis O'Connor of Sappi, +27-11-407-807, denis.oconnor@sappi.com
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