SAPPI LTD (SAP) 6-K

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Experience Berry Wiersum joined Sappi in January 2007 as Chief Executive Officer Sappi Fine Paper Europe. Prior to joining Sappi, Berry was a freelance mergers and acquisitions consultant for one year. He previously was Managing Director Kappa Packaging and member of the management board in Eindhoven (The Netherlands). He holds a masters degree in medieval & modern history from St. Andrews University Scotland. 171
DETAILS OF MAJOR SUBSIDIARIES Name Share capital Registration Number% Year AcquiredCountry of Nature of Held IncorporationBusiness Southern Africa Sappi Management Services (Pty) Ltd ZAR100 1989/001134/07 100 1989 South Africa Management services Sappi Manufacturing (Pty) Ltd ZAR12,026,250 1951/003180/07 100 1951 South Africa Pulp and paper manufacturer and forestry operations Sappi Share Facilitation Company (Pty) Ltd ZAR1,000 1998/015629/07 100 1998 South Africa Treasury shares Usutu Pulp Company Ltd SZL10,000,000 35/1959 100 1990 Swaziland Pulp manufacturer and forestry operations. America S.D. Warren Company USD1,000 N/A 100 1994 United States Pulp and paper manufacturer Sappi Cloquet LLC N/A N/A 100 2002 United States Pulp and paper manufacturer Europe Sappi Alfeld GmbH EUR31,200,000 HR B 110356 100 1992 Germany Pulp and paper manufacturer Sappi Austria Produktions GmbH and CoKGEUR35,000 FN 223882 p 100 1997 Austria Pulp and paper manufacturer Sappi Deutschland GmbH EUR25 565 HR B 59586 100 1992 Germany Sales and marketing Sappi Ehingen GmbH EUR20,800,000 HR B 490647 100 1992 Germany Pulp and paper manufacturer Sappi Esus Beteiligungsverwaltungs GmbH EUR1,000,000 FN 261911 p 100 2005 Austria Holding company Sappi Europe SA EUR15,130,751 0449654386 100 1994 Belgium European head office Sappi Holding GmbH EUR72,700 FN 165965 t 100 1997 Austria Holding company Sappi International SA EUR1,220,621,000BE 0449887582 100 1993 Belgium Treasury Sappi Lanaken NV EUR51,377,000 0420732352 100 1997 Belgium Paper manufacturer Sappi Lanaken Press Paper NV EUR57,179,613 0426966779 100 1997 Belgium Pulp and paper manufacturer Sappi Maastricht BV EUR31,992 14631722 100 1997 Netherlands Paper manufacturer Sappi Nijmegen BV EUR59,037 10041104 100 1997 Netherlands Paper manufacturer Sappi Papier Holding GmbH EUR72,700 FN 167931 h 100 1997 Austria Pulp and paper manufacturer; Treasury and holding company Sappi Trading Pulp AG CHF100,000 CH-020.3.927.008-6 100 1987 Switzerland Sales and marketing Sappisure Försäkrings AB EUR 3.300.000 516406-0583 100 2007 Sweden Captive Insurance company 172
Page 1 and 2:
SAPPI LTD (SAP) 6-K Current report
Page 3 and 4:
INCORPORATION BY REFERENCE Sappi Li
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CERTAIN FORWARD-LOOKING STATEMENTS
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South African legal advisor to Sapp
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TABLE OF CONTENTS Page CORPORATE IN
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ACTION REQUIRED BY SAPPI SHAREHOLDE
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IMPORTANT DATES/TIMES SALIENT DATES
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“CSDP” “CWF” “Deloitte So
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“Sappi Papier Holding” “Sappi
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CURRENCY TRANSLATION This Circular
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The tables below highlight certain
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Reconciliation from profit for the
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3. PRINCIPAL TERMS AND CONDITIONS O
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• dispose of any of the Settlemen
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There is no accrued taxation, which
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(d) all of the know-how, brands, or
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The map below sets out the location
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Name Age Position Experience Martti
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5. FINANCIAL INFORMATION ON THE ACQ
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The registered address of Metsälii
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Pro forma financial effects for the
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G. Financial information for Sappi
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13.3. Major Shareholders prior to t
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Dr D.C Cronje was appointed in Janu
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Executive Directors RJ Boëttger (3
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14.2.2. Changes in executive direct
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2007 2006 Direct Interests Indirect
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Other than described above, there a
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21. DIRECTORS’ RESPONSIBILITY STA
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25. EXCHANGE CONTROL AUTHORITY Subj
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• Audited Annual Financial Statem
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HISTORIC FINANCIAL INFORMATION RELA
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COMBINED STATEMENTS OF CASH FLOWS F
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Note 1• Background and basis of p
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The translation of foreign currency
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Goodwill that arose prior to 1 Janu
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Revenue recognition Revenue compris
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Application of new and amended IFRS
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Liquidity risk is defined as the ri
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Other operating expenses include al
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Note 7•Personnel data The Company
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Note 9•Financial income and expen
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The Company has offset deferred tax
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Note 12•Property, plant and equip
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Property, plant and equipment inclu
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Note 16•Cash and cash equivalents
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The Company expects to contribute E
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Note 20•Maturity of repayment and
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Maturity of repayment and interest
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Note 22•Other non-current liabili
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2. Interim Condensed Combined Finan
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INTERIM CONDENSED COMBINED CASH FLO
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NOTES TO THE INTERIM CONDENSED COMB
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A reconciliation of income tax expe
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Sales of goods to related parties d
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3. Interim condensed combined finan
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INTERIM CONDENSED COMBINED CASH FLO
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NOTES TO THE INTERIM CONDENSED COMB
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Depreciation of buildings and machi
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As of 31 December 2007 and 2006, cu
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ANNEXURE 2 INDEPENDENT REPORTING AC
Page 124 and 125: Opinion In our opinion, the combine
Page 126 and 127: Yours sincerely PRICEWATERHOUSECOOP
Page 128 and 129: The pro forma adjustments reflect t
Page 130 and 131: • anticipated synergies and effic
Page 132 and 133: (A) (B) Financial information for t
Page 134 and 135: (2) Adjustments to the equity balan
Page 136 and 137: ASSETS EUR’000 US$’000 Acquired
Page 138 and 139: UNAUDITED PRO FORMA INCOME STATEMEN
Page 140 and 141: Pro forma notes (1) Reflects the el
Page 142 and 143: * The number of shares in issue at
Page 144 and 145: Notes to the unaudited pro forma co
Page 150 and 151: (2) (EUR54,970) has been reallocate
Page 152 and 153: We do not accept any responsibility
Page 154 and 155: ANNEXURE 5 MATERIAL LOANS RELATING
Page 156 and 157: (4) The financial covenant relates
Page 158 and 159: The fair value of non-current borro
Page 160 and 161: ADDITIONAL MATERIAL LOANS OF THE GR
Page 162 and 163: Directorships in the last five year
Page 164 and 165: David Charles Brink Age 69 Business
Page 166 and 167: Directorships in last five years Cu
Page 168 and 169: Directorships in last five years Fo
Page 170 and 171: Directorships in last five years Cu
Page 172 and 173: Experience Jan joined Sappi in 1992
Page 176 and 177: ANNEXURE 7 DETAILS ON THE SAPPI SHA
Page 178 and 179: SPECIAL RESOLUTION NUMBER 1 Increas
Page 180 and 181: Explanatory Note to Ordinary Resolu
Page 182 and 183: This Page Printed On Pink Paper Sap
Page 184 and 185: FORM OF DIRECTION FOR HOLDERS OF DE
Page 186 and 187: (Incorporated in the Republic of So
Page 188 and 189: TABLE OF CONTENTS Page REVISED LIST
Page 190 and 191: 2.2 Background Sappi Limited was fo
Page 192 and 193: Where shareholders are required to
Page 194 and 195: 6. INFORMATION RELATING TO THE DIRE
Page 196 and 197: 6.4 Additional information pertaini
Page 198 and 199: No commissions are payable or have
Page 200 and 201: 15. MATERIAL VENDORS There have not
Page 202 and 203: ANNEXURE A TRADING HISTORY OF SAPPI
Page 204 and 205: ANNEXURE B PRINCIPAL IMMOVABLE PROP
Page 206 and 207: ANNEXURE C APPOINTMENT, QUALIFICATI
Page 208 and 209: If any question arises at any meeti
Page 210 and 211: As at the termination of each annua
Page 212 and 213: At every annual general meeting of
Page 214 and 215: Human Resources committee The respo
Page 216 and 217: Risk management The Sappi Board rec
Page 218 and 219: Interest in contracts The Sappi Gro
Page 220 and 221: ANNEXURE E CAPITAL COMMITMENTS AND
Page 222 and 223: Westbrook Cogeneration Agreement: I
Page 224:
SIGNATURE Pursuant to the requireme
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