2007 Annual Report - Sappi
2007 Annual Report - Sappi
2007 Annual Report - Sappi
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Share statistics<br />
at September <strong>2007</strong><br />
Shareholding Number of % Number % of shares<br />
– ordinary shares in issue shareholders of shares* in issue<br />
1 – 5,000 4,727 84.6 2,619,686 1.1<br />
5,001 – 10,000 168 3.0 1,226,634 0.5<br />
10,001 – 50,000 323 5.8 8,003,683 3.5<br />
50,001 – 100,000 121 2.2 8,849,326 3.9<br />
100,001 – 1,000,000 206 3.7 56,166,564 24.6<br />
Over 1,000,000 39 0.7 151,605,188 66.4<br />
5,584 100.0 228,471,081 100.0<br />
Shareholder spread<br />
% of shares<br />
– Type of shareholder in issue<br />
Non-public 0.27<br />
Group directors 0.26<br />
Associates of group directors 0.01<br />
Trustees of the company’s share and retirement funding schemes –<br />
Shareowners who, by virtue of any agreement, have the right to nominate board members –<br />
Shareowners interested in 10% or more of the issued shares –<br />
Public (The number of public shareholders as at September <strong>2007</strong> was 5,579) 99.73<br />
100.00<br />
* The number of shares excludes 10,600,811 treasury shares held by the group.<br />
<strong>Sappi</strong> has a primary listing on the JSE Limited and secondary listings on the New York Stock Exchange and London Stock Exchange.<br />
A large number of shares are held by nominee companies for beneficial shareholders. Pursuant to Section 140A of the South<br />
African Companies Act, 1973, as amended, the directors have investigated the beneficial ownership of shares in <strong>Sappi</strong> Limited<br />
including those which are registered in the nominee holdings and these investigations revealed as of September <strong>2007</strong> following<br />
beneficial holders of more than 5% of the issued share capital of <strong>Sappi</strong> Limited:<br />
Shares %<br />
Public Investment Commissioner (SA) 28,333,841 12.4<br />
Industrial Development Corporation (SA) 15,420,620 6.7<br />
Further, as a result of these investigations, the directors have ascertained that some of the shares registered in the names of the<br />
nominee holders are managed by various fund managers and that, as of September <strong>2007</strong>, the following fund managers were<br />
responsible for managing 5% or more of the share capital of <strong>Sappi</strong> Limited:<br />
Shares %<br />
Allan Gray Limited 44,051,294 19.3<br />
Rand Merchant Bank 26,928,788 11.8<br />
Old Mutual Investment Group South Africa 24,136,679 10.6<br />
Sanlam Investment Managers 12,808,286 5.6<br />
50<br />
sappi limited | 07 | annual report