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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

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