Our performance in 2009 - Sappi

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Executive directors (1) Details of the Sappi Limited Share Incentive Trust and the Sappi Limited Performance Share Incentive Plan can be found in note 29 to the annual financial statements. Information subject to audit. Details of executive directors’ remuneration are set out below: 2009 2009 annual report 87 Prior year Contributions bonuses and Sums paid under performance paid by way pension and related of expense medical aid Director Salary payments (2) allowance schemes Total US$ R J Boëttger 551,185 347,548 – 171,550 1,070,283 M R Thompson 261,921 102,582 357 152,230 517,090 813,106 450,130 357 323,780 1,587,373 Prior year Contributions bonuses and Sums paid under performance paid by way pension and related of expense medical aid Director Salary payments (2) allowance schemes Total US$ R J Boëttger 669,955 204,705 – 191,327 1,065,987 M R Thompson 299,113 180,552 433 99,688 579,786 2008 969,068 385,257 433 291,015 1,645,773 (1) Executive directors are paid remuneration packages which aim to be competitive in the countries in which they live and work, and they are generally paid in the currency of those countries. Average exchange rates for the year concerned are again applied in the tables in converting the currency of payment into US Dollars. (2) Bonuses and performance related payments are in respect of the previous year’s performance paid in the current year. governance
88 Compensation report continued The following table sets out all share options (whether vested or unvested), all other unvested allocation shares and performance shares granted to, and exercised by, each executive director in terms of the Scheme and the Plan during the year ended September 2009. These interests are also included in ‘Directors’ interests’ in sections of this report. Details of share dealings are included in the second table. Executive directors who retire have 12 months in which to settle their share options and allocation shares, unless extension is granted by the remuneration committee of the board of directors. For performance shares there is a formula by which retired executive directors will receive a proportion of any shares which may have vested at the end of the four-year period. R J Boëttger M R Thompson Total 2009 Total 2008 Allocated Number of Allocated Number of Number of Number of price shares price shares shares shares Outstanding at beginning of year Number of shares held 150,000 189,000 339,000 249,000 Issue 25 ZAR49.00 3,000 Issue 26 ZAR147.20 15,000 Issue 27 ZAR112.83 15,000 Issue 28a ZAR79.25 18,000 Issue 29 ZAR78.00 18,000 Performance shares 29 (1) 6,000 Performance shares 30 (1) 24,000 Performance shares 30a (1) 50,000 Performance shares 31a (1) 100,000 Performance shares 32 50,000 40,000 Offered and accepted during the year 334,000 314,800 648,800 90,000 Issue 25 – rights offer ZAR20.27 3,600 Issue 26 – rights offer ZAR20.27 18,000 Issue 27 – rights offer ZAR20.27 18,000 Issue 28a – rights offer ZAR20.27 21,600 Issue 29 – rights offer ZAR20.27 21,600 Performance shares 29 – rights offer (1) ZAR20.27 7,200 Performance shares 30 – rights offer (1) ZAR20.27 28,800 Performance shares 30a – rights offer (1) ZAR20.27 60,000 Performance shares 31 – rights offer (1) Performance shares 31a – rights offer (1) ZAR20.27 120,000 Performance shares 32 – rights offer ZAR20.27 60,000 ZAR20.27 48,000 Performance shares 34 154,000 88,000 Paid for during the year Number of shares – (16,500) (16,500) – Returned, lapsed and forfeited during the year Number of shares – (3,300) (3,300) –
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SAPPI GROUP (Sappi Limited) ANNUAL
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• the impact of future investment
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Our reporting strategy As a leading
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1 2 North America 2 4 1 San Francis
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4 Our performance in 2009 Financial
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6 Our performance against financial
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8 Our performance against sustainab
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10 Our performance against sustaina
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12 Our performance against sustaina
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14 Our sustainable business cycle T
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16 Our products 1 2 3 Coated paper
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Our objectives for 2010 Improve pro
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20 Letter to shareholders continued
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22 Letter to shareholders continued
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24 Interview with Ralph Boëttger,
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26 Our leadership Independent non-e
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28 Our leadership continued Indepen
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30 Review of operations Sappi Fine
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32 Review of operations | Sappi Fin
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34 Review of operations | Sappi Fin
Page 41 and 42: 36 Review of operations Sappi Fores
Page 43 and 44: 38 Review of operations | Sappi For
Page 45 and 46: 40 Value added statement for the ye
Page 47 and 48: 42 Chief financial officer’s repo
Page 67 and 68: 62 Five-year review for the year en
Page 69 and 70: 64 Share statistics at September 20
Page 72 and 73: Risk management Global economic con
Page 74 and 75: Risk philosophy The Sappi Limited b
Page 76 and 77: Independence Accountability Given t
Page 78 and 79: Fairness Social responsibility Lege
Page 80 and 81: 2009 annual report 75 Induction and
Page 82 and 83: 2009 annual report 77 employment of
Page 84 and 85: 2009 annual report 79 board to esta
Page 86 and 87: As part of continuous improvement t
Page 88 and 89: Compensation report In 2009, the co
Page 90 and 91: Balance between fixed and variable
Page 94 and 95: 2009 annual report 89 R J Boëttger
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Page 100 and 101: Audit committee report The legal re
Page 102 and 103: Directors’ report for the year en
Page 104 and 105: Litigation We become involved from
Page 106 and 107: Group balance sheet at September 20
Page 108 and 109: Group statement of changes in equit
Page 110 and 111: Group balance sheet in Rands conven
Page 112 and 113: Notes to the group annual financial
Page 114 and 115: • Financial assets and financial
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Page 126 and 127: 2009 annual report US$ million 2009
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Page 132 and 133: 2009 annual report 9. Property, pla
Page 134 and 135: US$ million 2009 annual report 2009
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16. Trade and other receivables con
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2009 annual report 17. Ordinary sha
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2009 annual report US$ million 2009
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20. Interest-bearing borrowings con
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2009 annual report 20. Interest-bea
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22. Provisions continued September
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2009 annual report US$ million 2009
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27. Post-employment benefits - pens
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27. Post-employment benefits - pens
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2009 annual report 2009 2008 27. Po
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2009 annual report 28. Post-employm
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28. Post-employment benefits - othe
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29. Share-based payments continued
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2009 annual report 29. Share-based
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2009 annual report 29. Share-based
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30. Financial instruments continued
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2009 annual report 30. Financial in
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2009 annual report 31. Related-part
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2009 annual report 33. Environmenta
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Company auditor’s report for the
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Condensed Sappi Limited company bal
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2009 annual report Notes to the con
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Glossary General definitions bleach
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not be comparable with similarly ti
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No issue and/or sale of these share
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Notes Confirmation of appointment o
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Proxy form for annual general meeti
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forward-looking statements Certain
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Our performance in 2009 - Sappi

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