SHARE
STATISTICS

as at September 2019

Shareholding

Ordinary shares in issue Number
of
shareholders
% Number
of shares1
% of shares
in issue
1 – 5,000 5,145 81.1 2,714,091 0.5
5,001 – 10,000 210 3.3 1,526,010 0.3
10,001 – 50,000 396 6.3 9,952,385 1.9
50,001 – 100,000 157 2.5 11,063,470 2.0
100,001 – 1,000,000 357 5.6 110,244,899 20.3
Over 1,000,000 76 1.2 407,274,585 75.0
6,341 100.0 542,775,440 100.0
1 The number of shares excludes 5,278,023 treasury shares held by the group.

 

Shareholder spread

Type of shareholder % of shares in issue  
Non–public 0.4  
   Sappi Limited directors and prescribed officers 0.4  
   Associates of group directors  
   Trustees of the company's share and retirement funding schemes  
   Shareowners who, by virtue of any agreement, have the right to nominate board members  
   Share owners interested in 10% or more of the issued shares  
Public (the number of public shareholders as at September 2019 was 6,330) 99.6  
100.0  

Sappi has a primary listing on the JSE Limited and a Level 1 ADR programme that trades in the over-the-counter market in the United States.

A large number of shares are held by nominee companies for beneficial shareholders. Pursuant to section 56(7) of the Companies Act 71 of 2008 of South Africa, the directors have investigated the beneficial ownership of shares in Sappi Limited, including those which are registered in the nominee holdings. These investigations revealed as of September 2019, the following are beneficial holders of more than 5% of the issued share capital of Sappi Limited:

Beneficial holder Shares %
Public Investment Corporation 81,646,282 15.0

Further, as a result of these investigations, the directors have ascertained that some of the shares registered in the names of the nominee holders are managed by various fund managers and that, as of September 2019, the following fund managers were responsible for managing 5% or more of the share capital of Sappi Limited:

Fund manager Shares %
Allan Gray Proprietary Limited 89,790,341 16.5
Public Investment Corporation 73,976,923 13.6
Prudential Investment Managers 68,923,170 12.7

Share statistics

2019   2018 2017 2016 2015
Ordinary shares in issue (millions)1 542.8   539.3 535.0 530.6 526.4
Net asset value per share (US cents) 359   361 327 260 193
Number of shares traded (millions)
   JSE 537.1   557.4 630.7 544.7 351.0
   New York 0.3   0.4 3.1 0.9 1.1
Value of shares traded
   JSE (ZAR million) 33,141.3   49,837.1 54,760.0 35,428.6 15,642.5
   New York (US$ million) 1.5   2.9 20.3 4.2 4.4
Percentage of issued shares traded 99.0   103.4 118.5 102.8 66.9
Market price per share
– year-end  JSE (South African cents) 3,629.0   8,875.0 9,206 7,226 4,069
                      New York (US cents) 251.0   639.0 681 522 286
– highest     JSE (SA cents) 9,059.0   10,579.0 10,438 7,942 5,279
                     New York (US cents) 640.0   749.0 797 522 448
– lowest     JSE (SA cents) 3,542.0   7,180.0 6,953 3,982 3,610
                     New York (US cents) 241.0   613.0 509 282 267
Earnings yield (%)2 16.29   9.56 9.28 11.39 10.94
Price/earnings ratio (times)2 6.14   10.46 10.78 8.78 9.14
Total market capitalisation (US$ million)2 1,300   3,383 3,633 2,796 1,539
1 The number of shares excludes 5,278,023 treasury shares held by the group.
2 Based on financial year-end closing prices on the JSE Limited. Income statement amounts have been converted at average year-to-date exchange rates.

Note: Definitions for various terms and ratios used above are included in the Glossary section.