SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Pursuant
to Rule 13a-16 or 15d-16
under
the
Securities Exchange Act of 1934
For
the
month of May, 2007
Commission
file number: 1-14872
SAPPI
LIMITED
(Translation
of registrant’s name into English)
48
Ameshoff Street
Braamfontein
Johannesburg
2001
REPUBLIC
OF SOUTH AFRICA
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
|
Form
20-F
|
X
-------
|
Form
40-F
|
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b) (1):
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b) (7):
Indicate
by check mark whether by furnishing the information contained in this Form,
the
registrant is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
|
Yes
|
No
|
X
-------
|
If
“Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-
INCORPORATION
BY REFERENCE
Sappi
Limited’s SENS Announcement, dated May 2, 2007, announcing that Karen R. Osar
has joined the Sappi Limited Board with effect from May 1, 2007, as a
non-executive director, furnished by the Registrant under this Form 6-K is
incorporated by reference into (i) the Registration Statements on Form S-8
of the Registrant filed December 23, 1999 and December 15, 2004 in connection
with The Sappi Limited Share Incentive Scheme, (ii) the Section 10(a)
Prospectus relating to the offer and sale of the Registrant’s shares to
Participants under The Sappi Limited Share Incentive Scheme, (iii) the
Registration Statements on Form S-8 of the Registrant filed December 15, 2004
and December 21, 2005 in connection with The Sappi Limited 2004 Performance
Share Incentive Plan and (iv) the Section 10(a) Prospectus relating to the
offer
and sale of the Registrant’s shares to Participants under The Sappi Limited 2004
Performance Share Incentive Plan.
FORWARD-LOOKING
STATEMENTS
In
order
to utilize the “Safe Harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995 (the “Reform Act”), Sappi Limited (the “Company”)
is providing the following cautionary statement. Except for historical
information contained herein, statements contained in this Report on Form 6-K
may constitute “forward-looking statements” within the meaning of the Reform
Act. 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.
In addition, this Report on Form 6-K may include forward-looking statements
relating to the Company’s potential exposure to various types of market risks,
such as interest rate risk, foreign exchange rate risk and commodity price
risk.
Reliance should not be placed on forward-looking statements because they involve
known and unknown risks, uncertainties and other factors which are in some
cases
beyond the control of the Company, together with its subsidiaries (the “Group”),
and may cause the actual results, performance or achievements of the Group
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: the highly cyclical nature of the pulp and
paper
industry; pulp and paper production, production capacity, input costs including
raw material, energy and employee costs, and pricing levels in North America,
Europe, Asia and southern Africa; any major disruption in production at the
Group’s key facilities; changes in environmental, tax and other laws and
regulations; adverse changes in the markets for the Group’s products; any
delays, unexpected costs or other problems experienced with any business
acquired or to be acquired; consequences of the Group’s leverage; adverse
changes in the South African political situation and economy or the effect
of
governmental efforts to address present or future economic or social problems;
and the impact of future investments, acquisitions and dispositions (including
the financing of investments and acquisitions) and any delays, unexpected costs
or other problems experienced in connection with dispositions. These and other
risks, uncertainties and factors are discussed in the Company’s Annual Report on
Form 20-F and other filings with and submissions to the Securities and Exchange
Commission, including this Report on Form 6-K. Shareholders and prospective
investors are cautioned not to place undue reliance on these forward-looking
statements. These forward-looking statements are made as of the date of the
submission of this Report on Form 6-K and are not intended to give any assurance
as to future results. The Company undertakes 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.
 |
Sappi
Limited
|
Stock
Exchange
Announcement
02
May
2007
Karen
R
Osar joins Sappi Limited Board
Sappi
Limited, the
global pulp and paper group, today announced that Ms Karen R Osar will join
the
Sappi Limited Board with effect from 01 May 2007 as a non-executive
director.
Ms
Osar (57),
executive vice president and chief financial officer (CFO) of speciality
chemicals company Chemtura Corporation until her retirement at the end of
March
2007, has held various senior management and board positions in her career.
She
was vice president and treasurer for Tenneco Inc and has also served as CFO
of
Westvaco Corporation and as senior vice president and CFO of the merged
MeadWestvaco Corporation. Prior to these appointments she spent 19 years
at JP
Morgan and Company becoming a managing director of the Investment Banking
Group.
She currently serves on the boards of Webster Financial Corporation and the
Bank
of New York Hamilton Mutual Funds and has chaired numerous board audit
committees. She holds an MBA, Finance, from Columbia University in New
York.
END
NOTE
TO
EDITORS:
Additional
information on Ms Karen R Osar:
She
holds a BA,
Latin American Studies from Smith College, Northampton, MA as well as an
MBA,
Finance from Columbia University, New York, NY
|
1975-1994
|
JP
Morgan and
Company: latterly as managing director, Investment Banking
Group
|
|
1994-1999
|
Tenneco,
Inc:
vice president and treasurer
|
|
1999-2003
|
MeadWestvaco
Corporation and Westvaco Corporation: senior vice president and
chief
financial officer
|
|
2004-2007
|
Chemtura
Corporation: executive vice president and chief financial
officer
|
|
1998-present
|
Director
of
Bank of New York Hamilton Mutual Funds; Chair of audit committee
1999-2006
|
|
1998-2005
|
Director
of
Allergan, Inc; Chair of audit and finance committee
1999-2005
|
|
2003-2006
|
Director
of
Encore Medical Corporation; Chair of audit committee
2003-2006
|
|
2006-present
|
Director
of
Webster Financial Corporation
|
For
further
information:
André
F
Oberholzer
Group
Head
Corporate Affairs
Sappi
Limited (Reg
No 1936/008963/06)
|
Tel
|
+27
(0)11 407
8044
|
|
Fax
|
+27
(0)11 403
8236
|
|
Mobile
|
+27
(0)83 235
2973
|
andre.oberholzer@sappi.com
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date: May
2, 2007
|
SAPPI
LIMITED,
|
||
|
by
|
/s/
D.J.
O’Connor
|
|
|
Name:
|
D.J.
O’Connor
|
|
|
Title:
|
Group
Secretary
|
|