Edition:
India

Sappi Ltd (SPPJY.PK)

SPPJY.PK on OTC Markets Group

2.30USD
20 Feb 2020
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Latest Key Developments (Source: Significant Developments)

Sappi Says Allan Gray's Total Beneficial Interest In Co Increased To 15.0364%
Tuesday, 27 Aug 2019 

Aug 27 (Reuters) - Sappi Ltd ::NOTIFICATION OF ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES.ALLAN GRAY'S TOTAL BENEFICIAL INTEREST IN COMPANY AS OF 26 AUGUST 2019 HAS INCREASED TO 15.0364% OF ISSUED CAPITAL OF COMPANY.  Full Article

Sappi Announces 450 Mln Euros Senior Notes Offering
Monday, 11 Mar 2019 

March 11 (Reuters) - Sappi Ltd ::JSE: SAP - SAPPI ANNOUNCES €450 MILLION SENIOR NOTES OFFERING.OFFERING OF EUR 450 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2026.NET PROCEEDS FROM THE OFFERING WILL BE USED TO REDEEM ALL OF SPH'S OUTSTANDING EUR 450 MILLION SENIOR NOTES DUE 2022.OFFERING OF SENIOR NOTES IS EXEMPT FROM REGISTRATION REQUIREMENTS OF U.S. SECURITIES ACT OF 1933.NOTES WILL BE ISSUED BY SAPPI PAPIER HOLDING GMBH A SUBSIDIARY OF SAPPI LIMITED.  Full Article

Sappi Sees Q2 EBITDA in FY 2019 To Be Slightly Below That Of 2018
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Sappi Ltd ::FIRST QUARTER RESULTS FOR THE PERIOD ENDED DECEMBER 2018.QTRLY EBITDA EXCLUDING SPECIAL ITEMS US$197 MILLION (Q1 2018 US$172 MILLION).QTRLY PROFIT FOR PERIOD US$81 MILLION (Q1 2018 US$63 MILLION).QTRLY EPS EXCLUDING SPECIAL ITEMS 16 US CENTS.QTRLY SALES $1,418 MILLION VERSUS $1,330 MILLION.CAPITAL EXPENDITURE IN 2019 IS EXPECTED TO BE APPROXIMATELY US$590 MILLION.EXPECT EBITDA IN Q2 OF FINANCIAL YEAR 2019, GIVEN CURRENT EXCHANGE RATES, TO BE SLIGHTLY BELOW THAT OF 2018.SLUGGISH DEMAND FOR COATED GRAPHIC, PACKAGING PAPERS , HIGH PAPER PULP INPUT COSTS DEPRESSED MARGINS IN EUROPEAN BUSINESS IN QUARTER.FULL YEAR RESULT IS EXPECTED TO BE ABOVE THAT OF PRIOR YEAR.PLAN TO GROW DISSOLVING WOOD PULP VOLUMES THROUGH REMAINDER OF 2019 TO MEET INCREASED CUSTOMER DEMAND.EXPECT EBITDA IN Q2 OF FINANCIAL YEAR 2019, GIVEN CURRENT EXCHANGE RATES, TO BE SLIGHTLY BELOW THAT OF 2018.QTRLY PROFITABILITY WAS IN LINE WITH GUIDANCE PROVIDED AT END OF 2018 FINANCIAL YEAR.  Full Article