form6k.htm
FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of
Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
under
the
Securities Exchange Act of 1934
For
the
month of August, 2007
Commission
file number: 1-14872
SAPPI
LIMITED
(Translation
of registrant’s name into English)
48
Ameshoff Street
Braamfontein
Johannesburg
2001
REPUBLIC
OF SOUTH AFRICA
(Address
of principal executive offices)
Indicateby
check
mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.
|
Form
20-F
|
X
-------
|
Form
40-F
|
Indicate
by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b) (1):
Indicate
by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b) (7):
Indicate
by check mark whether by
furnishing the information contained in this Form, the registrant is also
thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934.
If
“Yes”
is
marked, indicate below the
file number assigned to the registrant in connection with Rule 12g3-2(b):
82-
INCORPORATION
BY REFERENCE
Sappi
Limited’s SENS Announcement, dated August 17, 2007, providing
information on the award of shares of the Registrant to Mr. R.J. Boëttger
pursuant to his letter of appointment, furnished by the Registrant under this
Form 6-K is incorporated by reference into (i) the Registration Statements
on Form S-8 of the Registrant filed December 23, 1999 and December 15, 2004
in
connection with The Sappi Limited Share Incentive Scheme, (ii) the Section
10(a) Prospectus relating to the offer and sale of the Registrant’s shares to
Participants under The Sappi Limited Share Incentive Scheme, (iii) the
Registration Statements on Form S-8 of the Registrant filed December 15, 2004
and December 21, 2005 in connection with The Sappi Limited 2004 Performance
Share Incentive Plan and (iv) the Section 10(a) Prospectus relating to the
offer
and sale of the Registrant’s shares to Participants under The Sappi Limited 2004
Performance Share Incentive Plan.
FORWARD-LOOKING
STATEMENTS
In
order
to utilize the “Safe Harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995 (the “Reform Act”), Sappi Limited (the “Company”)
is providing the following cautionary statement. Except for historical
information contained herein, statements contained in this Report on Form 6-K
may constitute “forward-looking statements” within the meaning of the Reform
Act. The words “believe”, “anticipate”, “expect”, “intend”, “estimate “, “plan”,
“assume”, “positioned”, “will”, “may”, “should”, “risk” and other similar
expressions which are predictions of or indicate future events and future trends
which do not relate to historical matters identify forward-looking statements.
In addition, this Report on Form 6-K may include forward-looking statements
relating to the Company’s potential exposure to various types of market risks,
such as interest rate risk, foreign exchange rate risk and commodity price
risk.
Reliance should not be placed on forward-looking statements because they involve
known and unknown risks, uncertainties and other factors which are in some
cases
beyond the control of the Company, together with its subsidiaries (the “Group”),
and may cause the actual results, performance or achievements of the Group
to
differ materially from anticipated future results, performance or achievements
expressed or implied by such forward-looking statements (and from past results,
performance or achievements). Certain factors that may cause such differences
include but are not limited to: the highly cyclical nature of the pulp and
paper
industry; pulp and paper production, production capacity, input costs including
raw material, energy and employee costs, and pricing levels in North America,
Europe, Asia and southern Africa; any major disruption in production at the
Group’s key facilities; changes in environmental, tax and other laws and
regulations; adverse changes in the markets for the Group’s products; any
delays, unexpected costs or other problems experienced with any business
acquired or to be acquired; consequences of the Group’s leverage; adverse
changes in the South African political situation and economy or the effect
of
governmental efforts to address present or future economic or social problems;
and the impact of future investments, acquisitions and dispositions (including
the financing of investments and acquisitions) and any delays, unexpected costs
or other problems experienced in connection with dispositions. These and other
risks, uncertainties and factors are discussed in the Company’s Annual Report on
Form 20-F and other filings with and submissions to the Securities and Exchange
Commission, including this Report on Form 6-K. Shareholders and prospective
investors are cautioned
not
to
place undue reliance on these forward-looking statements. These forward-looking
statements are made as of the date of the submission of this Report on Form
6-K
and are not intended to give any assurance as to future results. The Company
undertakes no obligation to publicly update or revise any of these
forward-looking statements, whether to reflect new information or future events
or circumstances or otherwise.
Sappi
Limited
(Registration
number 1936/008963/06)
(Incorporated
in the Republic of South Africa)
Share
code : SAP ISIN : ZAE000006284
("Sappi"
or the "company")
DEALING
IN SECURITIES BY A DIRECTOR OF SAPPI
In
terms
of paragraph 3,63 of the Listings Requirements of JSE Limited, Sappi provides
the following information regarding the awards of shares by Sappi to Chief
Executive Officer Mr R J Boëttger in terms of his letter of
appointment.
The
dealings for which clearance was received in terms of Listings Requirement
3,66,
are as follows –
|
Director's
name
|
Roeloff
Jacobus (Ralph) Boëttger
|
|
Date
of transactions
|
16
August 2007
|
|
Nature
of transaction No. 1
|
Grant
of conditional share awards in terms of the Sappi Limited Performance
Share Incentive Plan
|
| |
|
|
Number
of Conditional Share
Awards
|
In
respect of 100 000 shares
|
|
Share
price
|
No
consideration
|
|
Vesting
date if performance
conditions met
|
16
August 2011
|
|
Class
of security
|
Ordinary
shares
|
|
Extent
of
interest
|
Direct
beneficial
|
| |
|
|
Nature
of transaction No. 2
|
35 000
shares to be purchased on Ralph Boëttger’s behalf on the open
market
|
| |
|
|
Number
of Shares
|
35 000
|
|
Share
price
|
No
consideration to Ralph Boëttger
|
|
Vesting
date
|
31 December 2007
|
|
Class
of security
|
Ordinary
shares
|
|
Extent
of
interest
|
Direct
beneficial
|
Johannesburg
17
August
2007
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date: August 21, 2007
| SAPPI
LIMITED, |
| |
|
|
by
|
/s/
D.J. O’Connor |
| |
Name: D.J.
O’Connor
Title: Group
Secretary
|