Business News
Sappi Limited: Voting Rights and Capital
Thursday 07. February 2008 - In accordance with the United Kingdom's Financial Services Authority's Disclosure (FSA's) and Transparency Rules, Sappi (NYSE:SPP) advises that its issued share capital comprises 239,071,892 ordinary shares of R1.00 each.
Of that number, the Company holds 10,244,811 shares in Treasury through a subsidiary company and a trust leaving 228,827,081 shares with voting rights, all of which rights are identical with each share carrying the right to one vote.
The above figures are as at 31, January 2008 and may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Sappi Limited under the Disclosure and Transparency Rules.
Forward-looking statements
Certain statements in this release that are neither reported financial results nor other historical information, are forward-looking statements, including but not limited to statements that are predictions of or indicate future earnings, savings, synergies, events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors, that could cause actual results and company plans and objectives to differ materially from those expressed or implied in the forward-looking statements (or from past results). Such risks, uncertainties and factors include, but are not limited to the highly cyclical nature of the pulp and paper industry (and the factors that contribute to such cyclicality, such as levels of demand, production capacity, production, input costs including raw material, energy and employee costs, and pricing), adverse changes in the markets for the group’s products, consequences of substantial leverage, changing regulatory requirements, unanticipated production disruptions, economic and political conditions in international markets, the impact of investments, acquisitions and dispositions (including related financing), any delays, unexpected costs or other problems experienced with integrating acquisitions and achieving expected savings and synergies and currency fluctuations. 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.