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Results of the 85th Annual General Meeting of Sappi
Sappi Limited
(Incorporated in the Republic of South Africa)
Registration number: 1936/008963/06
JSE share code: SAP
ISIN code: ZAE000006284
("Sappi" or the "Company")
10 February 2022
RESULTS OF THE EIGHTY-FIFTH (85th) ANNUAL GENERAL MEETING OF SAPPI
Shareholders are advised that at the Annual General Meeting of shareholders of the
Company held on Wednesday, 09 February 2022 at 14:00 all the resolutions tabled thereat
were passed by the requisite majority of shareholders.
Details of the results of voting at the Annual General Meeting are as follows :
• total number of Sappi ordinary shares in issue as at the date of the Annual General
Meeting: 566 980 237
• total number of Sappi shares that could have been voted at the Annual General Meeting
(excluding the treasury shares): 561 816 675
• total number of Sappi shares that were present/represented at the Annual General
Meeting : 519 996 141 being 92.56% of the total number of Sappi shares that could have
been voted at the Annual General Meeting.
Page 2 of 5
1. Ordinary resolution number 1.1 – Re-election of Ms SR Binnie as a director
of Sappi
For Against Abstain Shares voted
519,720,060 195,096 80,985 519,915,156
99.96% 0.04% 0.01% 92.54% 1
0.01% 92.54% 2
2. Ordinary resolution number 1.2 – Re-election of Mr JM Lopez as a director
of Sappi
For Against Abstain Shares voted
519,080,192 834,964 80,985 519,915,156
99.84% 0.16% 0.01% 92.54% 1
0.01% 92.54% 2
3. Ordinary resolution number 1.3 – Re-election of Mr BR Beamish as a
director of Sappi
For Against Abstain Shares voted
519,079,671 835,464 81,006 519,915,135
99.84% 0.16% 0.01% 92.54% 1
0.01% 92.54% 2
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4. Ordinary resolution number 2.1 – Election of Mr NP Mageza as member and
Chairman of the Audit and Risk
For Against Abstain Shares voted
382,882,825 125,179,270 11,934,046 508,062,095
75.36% 24.64% 2.12% 90.43% 1
2.12% 90.43% 2
5. Ordinary resolution number 2.2 – Election of Ms ZN Malinga as a member of
the Audit and Risk Committee
For Against Abstain Shares voted
519,836,027 77,981 82,133 519,914,008
99.99% 0.01% 0.01% 92.54% 1
0.01% 92.54% 2
6. Ordinary resolution number 2.3 – Election of Dr B Mehlomakulu as a
member of the Audit and Risk Committee
For Against Abstain Shares voted
429,824,968 90,090,170 81,003 519,915,138
82.67% 17.33% 0.01% 92.54% 1
0.01% 92.54% 2
7. Ordinary resolution number 2.4 – Election of Mr RJAM Renders as a
member of the Audit and Risk Committee
For Against Abstain Shares voted
513,720,709 6,193,447 81,985 519,914,156
98.81% 1.19% 0.01% 92.54% 1
0.01% 92.54% 2
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8. Ordinary resolution number 3 – Re-appointment of KPMG Inc. as auditors of
Sappi for the year ending September 2021 and until the next Annual General
Meeting of Sappi
For Against Abstain Shares voted
519,850,603 62,371 83,167 519,912,974
99.99% 0.01% 0.01% 92.54% 1
0.01% 92.54% 2
9. Ordinary resolution number 4 – Non-binding endorsement of remuneration
policy
For Against Abstain Shares voted
433,389,534 85,695,971 910,636 519,085,505
83.49% 16.51% 0.16% 92.39% 1
0.16% 92.39% 2
10. Ordinary resolution number 5 – Non-binding endorsement of remuneration
implementation report
For Against Abstain Shares voted
438,129,729 80,955,708 910,704 519,085,437
84.40% 15.60% 0.16% 92.39% 1
0.16% 92.39% 2
11. Special resolution number 1 – Non-executive directors’ fees
For Against Abstain Shares voted
422,971,814 96,111,455 912,872 519,083,269
81.48% 18.52% 0.16% 92.39% 1
0.16% 92.39% 2
Page 5 of 5
12. Special resolution number 2 – Authority for loans or other financial
assistance to related or inter-related companies
For Against Abstain Shares voted
515,539,505 3,543,251 913,385 519,082,756
99.32% 0.68% 0.16% 92.39% 1
0.16% 92.39% 2
13. Ordinary resolution number 6 – Authority for directors and Group Company
Secretary to sign all documents and do all such things necessary to
implement the above resolutions
For Against Abstain Shares voted
519,845,871 26,419 123,851 519,872,290
99.99% 0.01% 0.02% 92.53% 1
0.02% 92.53% 2
1 Disclosed as a percentage of the voteable shares
2 Disclosed as a percentage of the total issued capital
Sponsor : UBS South Africa (Pty) Ltd
Date: 10-02-2022 12:00:00
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