Sappi Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:SPI Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
11 May 23	Buy€9,123	Fergus Conan Marupen	Individual		4,500	€2.03

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of SPI?
Owner Type	Number of Shares	Ownership Percentage
General Public	1,620,842	0.289%
Individual Insiders	1,880,580	0.336%
Sovereign Wealth Funds	112,080,782	20%
Institutions	444,317,796	79.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 95.59% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
21.8%	Allan Gray Proprietary Ltd.	122,263,962	€326.5m	0%	3.65%
20%	Public Investment Corporation Limited	112,080,782	€299.3m	8.16%	0.63%
13.5%	MandG Investments Southern Africa (Pty) Ltd	75,484,118	€201.6m	0%	12.32%
9.53%	M&G Investment Managers (Pty) Limited	53,349,874	€142.5m	226%	4.57%
5.57%	Investment Solutions Ltd.	31,179,908	€83.3m	0%	16.88%
5.53%	Ninety One UK Limited	30,977,255	€82.7m	-47.1%	0.14%
3.92%	The Vanguard Group, Inc.	21,961,858	€58.6m	-0.66%	no data
3.31%	Norges Bank Investment Management	18,533,878	€49.5m	40.1%	no data
3.05%	Dimensional Fund Advisors LP	17,081,710	€45.6m	2.38%	0.01%
1.92%	BlackRock, Inc.	10,728,018	€28.6m	0.74%	no data
0.94%	Truffle Asset Management	5,274,874	€14.1m	243%	1.21%
0.89%	BNY Mellon Asset Management	4,970,811	€13.3m	-10.1%	no data
0.82%	Pictet Asset Management Limited	4,609,995	€12.3m	0%	0.01%
0.77%	Sanlam Investment Management (Pty) Ltd.	4,329,643	€11.6m	0.53%	0.16%
0.61%	Charles Schwab Investment Management, Inc.	3,429,389	€9.2m	3.84%	no data
0.51%	Stanlib Collective Investments	2,870,920	€7.7m	-11.6%	0.71%
0.41%	Bessemer Investment Management LLC	2,317,633	€6.2m	0%	0.01%
0.41%	Mackenzie Financial Corporation	2,291,430	€6.1m	-0.17%	0.01%
0.35%	Caisse de dépôt et placement du Québec	1,947,122	€5.2m	0%	0.01%
0.31%	Boston Partners Global Investors, Inc.	1,742,258	€4.7m	0%	no data
0.3%	State Street Global Advisors, Inc.	1,672,309	€4.5m	0.49%	no data
0.29%	Momentum Outcome-based Solutions (Pty) Ltd.	1,611,355	€4.3m	17.1%	1.27%
0.29%	American Century Investment Management Inc	1,604,977	€4.3m	9.65%	no data
0.27%	Lazard Asset Management LLC	1,508,403	€4.0m	27%	no data
0.25%	STANLIB Asset Management (Pty) Limited	1,405,099	€3.8m	14.8%	0.05%