Ninety One SA increases stake in Sappi to 11.3838%

Sappi Limited (JSE:SAP) announced today that Ninety One SA (Pty) Ltd has increased its holding in the company's ordinary shares to 11.3838%. The acquisition was made on behalf of Ninety One's underlying clients. Sappi disclosed this significant holding in accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, and related regulations. As required, Sappi has filed the necessary notices with the Takeover Regulation Panel. The board of directors confirmed the accuracy and completeness of the information in the announcement.