Statement re (Sappi to delist from the LSE)


 

TIDMSAZ 
 
RNS Number : 1232A 
Sappi Ld 
02 October 2009 
 
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|                                                           | Sappi Limited       | 
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Notice 
 
 
02 October 2009 
 
 
SAPPI LIMITED 
Registration Number 1936/008963/06. 
(Incorporated in the Republic of South Africa) 
 
 
CANCELLATION OF LISTING OF ORDINARY SHARES ON THE OFFICIAL LIST AND CLOSURE OF 
THE OFFSHORE REGISTER 
 
 
Sappi Limited ("the Company") has requested the UK Financial Services Authority 
to cancel the listing of the Company's ordinary shares of ZAR1.00 each 
("Ordinary Shares") on the UK Official List and to cancel the admission of the 
Ordinary Shares to trading on the London Stock Exchange's market for listed 
securities. It is expected that the cancellation of the UK listing and of the 
admission of the Ordinary Shares to trading on the London Stock Exchange ("LSE") 
will take effect at 8.00 am (UK time) on Monday, 02 November 2009. 
 
 
The Ordinary Shares have been listed on the UK Official List since 1992. 
Currently, shareholders holding approximately 0.036% of the total issued capital 
of the Company appear on the Company's UK register of members. 
 
 
However, since listing on the LSE, only a small amount of trading in the 
Ordinary Shares has been conducted on the LSE and taking into account the high 
costs associated with being admitted to the UK Official List, the board of 
directors of the Company consider that there is no longer any significant 
benefit to the Company in maintaining this listing. 
 
 
Following cancellation of the listing and the admission to trading in London, 
the offshore register maintained by Capita Registrars (Jersey) Limited will be 
closed on Monday, 23 November 2009. All shareholders on the UK register at that 
time will be transferred to the South African register of members maintained by 
Computershare Investor Services (Pty) Limited ("Computershare"). Subject to 
putting the appropriate arrangements in place, shareholders will be able to 
trade their shares on the JSE Limited ("JSE"). It should be noted that in order 
to trade their shares on the JSE, shareholders will be required to dematerialise 
their shareholding. For further information in this regard shareholders should 
contact Computershare at the address or telephone number below or by e-Mail 
at sappi-offshore-register@computershare.co.za or Mr D O'Connor, Group Secretary 
of the Company at the address or telephone number below or by e-Mail at 
Denis.Oconnor@sappi.com. 
 
 
The Company is aware, however, that until the close of business on Friday, 23 
October 2009 Redmayne-Bentley Stockbrokers is willing to provide a sale dealing 
service to certificated shareholders on the offshore register with UK registered 
addresses, subject to the availability of a market related price, on normal 
commercial terms. Any such shareholder who is interested in utilising this 
service should contact Mr M Burke or Mr C Day of Redmayne-Bentley Stockbrokers 
either by telephone no 0113 243 6941 or by e-Mail at sappidealing@redmayne.co.uk 
 
 
 
Registered Office 
48 Ameshoff Street 
Braamfontein 
Johannesburg 2001 
South Africa 
(P O Box 31560, Braamfontein 2107, South Africa) 
Tel +27 11 407 8072 
 
 
United Kingdom Registrars 
Capita Registrars 
The Registry 
34 Beckenham Road 
Beckenham 
Kent BR3 4TU 
South African Transfer Secretaries 
Computershare Investor Services (Pty) Limited 
(Registration number 2004/003647/07) 
70 Marshall Street 
Johannesburg 2001 
South Africa 
(P O Box 61051, Marshalltown 2107, South Africa) 
Tel +27 11 370 5000 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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