Sappi Ownership

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

Recent Insider Transactions

JSE:SAP Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
11 May 23	BuyR190,800	Fergus Conan Marupen	Individual		4,500	R42.40

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 SAP?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	1,880,580	0.336%
General Public	60,682,055	10.8%
Sovereign Wealth Funds	112,080,782	20%
Institutions	385,256,583	68.8%

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

Top Shareholders

Top 25 shareholders own 85.02% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
21.8%	Allan Gray Proprietary Ltd.	122,263,962	R6.2b	0%	3.35%
20%	Public Investment Corporation Limited	112,080,782	R5.7b	8.16%	0.62%
9.53%	MandG Investments Southern Africa (Pty) Ltd	53,349,874	R2.7b	-29.3%	9.8%
5.57%	Investment Solutions Ltd.	31,179,908	R1.6b	0%	16.57%
5.53%	Ninety One UK Limited	30,977,255	R1.6b	-47.1%	0.13%
3.92%	The Vanguard Group, Inc.	21,961,858	R1.1b	-0.66%	no data
3.31%	Norges Bank Investment Management	18,533,878	R940.8m	40.1%	no data
3.06%	Dimensional Fund Advisors LP	17,145,851	R870.3m	2.37%	0.01%
2.93%	M&G Investment Managers (Pty) Limited	16,381,253	R831.5m	-18.1%	1.41%
1.89%	BlackRock, Inc.	10,579,051	R537.0m	-0.66%	no data
0.94%	Truffle Asset Management	5,274,874	R267.8m	243%	1.17%
0.89%	BNY Mellon Asset Management	4,970,811	R252.3m	-10.1%	no data
0.82%	Pictet Asset Management Limited	4,609,995	R234.0m	0%	0.01%
0.77%	Sanlam Investment Management (Pty) Ltd.	4,329,643	R219.8m	0.53%	0.15%
0.61%	Charles Schwab Investment Management, Inc.	3,429,389	R174.1m	3.84%	no data
0.51%	Stanlib Collective Investments	2,870,920	R145.7m	-11.6%	0.68%
0.41%	Bessemer Investment Management LLC	2,317,633	R117.6m	0%	0.01%
0.41%	Mackenzie Financial Corporation	2,291,430	R116.3m	-0.17%	0.01%
0.35%	Caisse de dépôt et placement du Québec	1,947,122	R98.8m	0%	0.01%
0.31%	Boston Partners Global Investors, Inc.	1,742,258	R88.4m	0%	no data
0.3%	State Street Global Advisors, Inc.	1,672,309	R84.9m	0.49%	no data
0.29%	Momentum Outcome-based Solutions (Pty) Ltd.	1,611,355	R81.8m	17.1%	1.24%
0.29%	American Century Investment Management Inc	1,604,977	R81.5m	9.65%	no data
0.27%	Lazard Asset Management LLC	1,508,403	R76.6m	27%	no data
0.25%	STANLIB Asset Management (Pty) Limited	1,405,099	R71.3m	14.8%	0.04%