Share statistics
for the year ended September 2018


Shareholding
Ordinary shares in issue Number of shareholders   %   Number
of shares1
  % of shares
in issue
 
1 – 5,000 5,214   79.1   2,779,842   0.5  
5,001 – 10,000 203   3.1   1,471,336   0.3  
10,001 – 50,000 472   7.2   12,161,136   2.3  
50,001 – 100,000 234   3.6   16,598,775   3.1  
100,001 – 1,000,000 383   5.8   120,020,729   22.3  
Over 1,000,000 83   1.2   386,222,299   71.5  
6,589   100.0   539,254,117   100.0  

1  The number of shares excludes 17,948,456 treasury shares held by the group.

Shareholder spread
Type of shareholder % of shares
in issue
 
Non-public 0.3  
  Sappi Limited directors and prescribed officers 0.3  
  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 2018 was 6,578) 99.7  
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 of America.

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 2018, the following are beneficial holders of more than 5% of the issued share capital of Sappi Limited:

Beneficial holder Shares   %
Public Investment Corporation 81,263,256   15.1

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 2018, the following fund managers were responsible for managing 5% or more of the share capital of Sappi Limited:

Fund manager Shares   %
Public Investment Corporation 71,469,658   13.3
Prudential Investment Managers 56,429,600   10.5
Allan Gray Proprietary Limited 32,328,109   6.0
Investment Asset Management 31,763,927   5.9
BlackRock Inc 27,683,095   5.1
Share statistics 2018   2017   2016   2015   2014  
Ordinary shares in issue (million)1 539.3   535.0   530.6   526.4   524.2  
Net asset value per share (US cents) 361   327   260   193   199  
Number of shares traded (million)
  JSE 557.4   630.7   544.7   351.0   296.9  
  New York 0.4   3.1   0.9   1.1   2.0  
Value of shares traded
JSE (ZAR million) 49,837.1   54,760.0   35,428.6   15,642.5   10,500.0  
New York (US$ million) 2.9   20.3   4.2   4.4   6.1  
Percentage of issued shares traded 103.4   118.5   102.8   66.9   57.0  
Market price per share
– year-end JSE (South African cents) 8,875.0   9,206   7,226   4,069   4,337  
  New York (US cents) 639.0   681   522   286   385  
– highest JSE (South African cents) 10,579.0   10,438   7,942   5,279   4,755  
  New York (US cents) 749.0   797   522   448   425  
– lowest JSE (South African cents) 7,180.0   6,953   3,982   3,610   2,525  
  New York (US cents) 613.0   509   282   267   247  
Earnings yield (%)2 9.56   9.28   11.39   10.94   6.73  
Price/earnings ratio (times)2 10.46   10.78   8.78   9.14   14.86  
Total market capitalisation (US$ million)2 3,383   3,633   2,796   1,539   2,025  

1 The number of shares excludes 17,948,456 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.