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SOURCE Sappi Limited
JOHANNESBURG, Sept. 30, 2013 /PRNewswire/ -- Following its 9 September 2013 announcement of its intention to delist its American Depositary shares ("ADSs"), which are evidenced by American Depositary Receipts ("ADRs"), from the New York Stock Exchange ("NYSE"), Sappi Limited ("Sappi" or the "Company") (NYSE: SPP) confirms that the delisting of its ADSs from the NYSE became effective today, as scheduled. This follows the filing by Sappi of a Form 25 with the Securities and Exchange Commission (the "SEC") on 19 September 2013.
Sappi's ADRs will now be traded in the U.S. through a Level I over-the-counter ADR program.
In addition, Sappi has filed a Form 15F with the SEC today to terminate the Company's registration and reporting obligations under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). Sappi's reporting obligations under the Exchange Act were suspended by the filing of Form 15F with the SEC. Sappi expects that the deregistration will become effective and Sappi's reporting obligations will be terminated on 30 December 2013, 90 days after the filing of Form 15F. The anticipated effective date may be delayed if the SEC objects or requests an extended review or for other reasons.
Sappi's ordinary shares will continue trading on JSE Limited in South Africa.
For more information about the Company, please visit www.sappi.com.
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.
The words "believe", "anticipate", "expect", "intend", "estimate", "plan", "assume", "positioned", "will", "may", "should", "risk" and other similar expressions, which are predictions of or indicate future events and future trends, which do not relate to historical matters, identify forward-looking statements. You should not rely on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are in some cases beyond our control and may cause our actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements (and from past results, performance or achievements). Certain factors that may cause such differences include but are not limited to:
We undertake 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.
on behalf of Sappi Limited
Tel + 27 (0) 11 502 7300
For further information
Andre F Oberholzer
Group Head Corporate Affairs
Tel +27 (0)11 407 8044
Mobile +27 (0)83 235 2973
Group Head Investor Relations and Sustainability
Tel +27 (0)11 407 8391
Mobile +27 (0)83 320 8624
PO Box 31560
Tel +28 (0)11 407 8111
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