SAPPI LTD (SAP) 6-K

2.4 Material changes
There not been any material changes in the financial position of Sappi and its subsidiaries since the end of the last financial period, other than as set out in this
Circular.
2.5 Prospects for the enlarged Sappi Group
Prospects in Europe include:
• Improved profitability, cash flows and returns
• Increased strategic production capacity flexibility
• Expanded customer base and increased market share
• Expanded product range
• Addition of recognised brands
Prospects in North America include:
• Expanded import product offering
• Expanded export markets
3. PRO FORMA FINANCIAL EFFECTS OF THE PROPOSED TRANSACTIONS
Please refer to Section 12 of the Circular to which these revised listing particulars are attached.
4. SHARE CAPITAL OF SAPPI
The share capital of Sappi before and after the proposed transactions is set out in Section 13 of the Circular to which these revised listing particulars are
attached.
All the authorised and issued Sappi shares are of the same class and rank pari passu in all respects. All shares to be issued will:
• be of the same nominal value as the current Sappi ordinary shares;
• rank pari passu with the current Sappi ordinary shares;
• have the same rights as to unrestricted transfer, attendance and voting at general/ annual general meetings, and in all other respects; and
• be entitled to dividends at the same rate and for the same period, as the current Sappi ordinary shares.
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