2012 Integrated report - Sappi

other terms attaching to any other class of shares already in issue,
that amendment must not be implemented without a special
resolution taken by the holders of the shares of that class of shares
at a separate meeting. In such instances, the holders of the shares
of that class of shares may be allowed to vote at the meeting
of ordinary shareholders subject to the MOI and JSE Listings
Requirements. No resolution of shareholders may be proposed or
passed, unless a special resolution of the holders of the shares of
that class of shares have approved the amendment.
Paragraph 8 also sets out the rights and conditions attaching to the
‘A’ ordinary shares. The rights and conditions attaching to the ‘A’
ordinary shares simply repeats the rights and conditions attaching
to the ‘A’ ordinary shares as set out in the company’s current Articles
of Association.
Finally, the MOI deals with unclaimed dividends by providing that the
company will hold all monies due to shareholders for the benefit of
such shareholders, provided that the board may cause any monies
unclaimed for a period of three years from the due date for payment
to be forfeited for the benefit of the company.
Schedule 1 to the MOI sets out the authorised shares of the
company and also sets out the preferences, rights, limitations and
other terms applicable to the shares.
This summary of the MOI is not exhaustive and a copy of the
proposed new MOI will be available on the company’s website
www.sappi.com and copies will also be available for inspection
at the company’s registered office from the date of issue of the
2012 annual integrated report, of which the notice of annual general
meeting forms part, up to and including the date of the annual
general meeting.
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