JOHANNESBURG, May 13, 2011 /PRNewswire/ --
(Logo: http://photos.prnewswire.com/prnh/20090826/NE66332LOGO )
Sappi Limited
(Registration number 1936/008963/06)
(Incorporated in the Republic of South Africa)
Share code: SAP; ISIN: ZAE000006284; NYSE code: SPP
("Sappi" or the "Company")
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 a director of one of the Company's major subsidiary companies. Clearance for the dealing was received in terms of Listings Requirement 3.66, as follows:
Director's Name: |
M Gardner |
|
Company (Subsidiary): |
Sappi Fine Paper North America |
|
Date of transaction: |
12 May 2011 |
|
Nature of transaction: |
Sale of shares |
|
Number of shares sold: |
28 126 |
|
Selling price: |
R35.21 |
|
Total value: |
R990 316 |
|
Method of trade: |
On market |
|
Class of security: |
Ordinary shares |
|
Extent of interest: |
Direct beneficial |
|
SOURCE Sappi Limited
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