Securities Dealing by Directors of Listed Companies
22 Dezember 2008 - 6:19PM
PR Newswire (US)
- Registration number 1936/008963/06 JOHANNESBURG, South Africa,
Dec. 22 /PRNewswire-FirstCall/ -- Sappi (NYSE: SPP), the world's
leading producer of coated fine paper, today announced the
following information regarding dealing in securities of Sappi by
directors of one of the Company's major subsidiary 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 the Company.
Clearance for the dealing was received in terms of Listings
Requirement 3.66, as follows: Director's Name : R D Hope Company :
Fine Paper North America Date of transaction : 1) 15 December 2008
2) 18 December 2008 Nature of transaction : Subscription for shares
arising from Sappi Limited Rights Offer Number of Shares : 1) 39
773 subscribed : 2) 844 Subscription price : R20,27 Class of
security : Ordinary shares Extent of interest Direct beneficial
About Sappi Limited A global leader in the pulp and paper industry,
Sappi Limited 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: http://www.sappi.com/. DATASOURCE:
Sappi CONTACT: Denis O'Connor of Sappi, +27-11-407-807, Web Site:
http://www.sappi.com/
Copyright