Sappi Shareholding Increases
19 Abril 2001 - 10:14AM
UK Regulatory
RNS Number:3394C
Sappi Ld
19 April 2001
Johannesburg, 19 April 2001
Sappi international shareholding increases to 60%
Sappi Limited said today that foreign shareholding in Sappi has now
surpassed the 60% mark following strong buying from American and other
international institutions in recent weeks.
An estimated 37% of the shares are now held by US shareholders and 23% by
European and other foreign shareholders.
"We are very pleased with this development as it indicates strong confidence
in our group from investors. There has been a lot of international buying
over the last few months and our shares are now widely held, with no
institution holding more than 8%," said Sappi Chairman Eugene van As.
For further information:
Johan van Wyk
Sappi Johannesburg
Corporate Affairs Manager
Tel +27(0)11 407 8044
Cell +27(0)83 675 3942
johanvw@za.sappi.com
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