|
|
Sasol -- specific shares repurchase
Sasol Investment Company (Pty) Ltd ("SIC") acquired ordinary shares in the share capital of Sasol between 7 March 2007 and 1 October 2008 pursuant to general authorities granted to Sasol by its shareholders. Currently SIC owns a total of 40 309 886 Sasol ordinary shares ("treasury shares"), constituting approximately 6.39% of Sasol's issued ordinary share capital as at 30 September 2008. The treasury shares have been purchased at an average of R298.92 per share. Sasol will request shareholders at its annual general meeting, to approve that Sasol repurchases 31 500 000 treasury shares from SIC, following which those shares will be cancelled as issued ordinary shares and restored to the status of authorised ordinary shares. Subsequent to the specific repurchase, SIC will continue to own 8 809 886 treasury shares, constituting approximately 1.4% of Sasol's issued ordinary share capital as at 30 September 2008. The specific repurchase of the treasury shares is being implemented in order to create additional capacity for Sasol or any of its subsidiaries to purchase ordinary Sasol shares, as and when Sasol shareholders authorise such repurchases.
|
|
Click here for original article
|
| |
Sasol -- annual report and notice of AGM
Sasol's annual report, containing its financial statements for the year ended 30 June 2008, prepared in accordance with International Financial Reporting Standards, has been issued and has been posted on the Sasol website at www.sasol.com. An abridged report will not be published as the information previously published in the provisional report is unchanged. Copies of the annual report will be sent to holders of securities and the JSE Ltd by no later than 6 November 2008. Furthermore, Sasol's annual report, which includes the annual financial statements for the year ended 30 June 2008, was filed on Form 20-F with the United States Securities and Exchange Commission (SEC) on Tuesday, 7 October 2008 and is available on the SEC's website at www.sec.gov. Holders of American Depositary Receipts can request copies of Sasol's annual financial statements free of charge from the investor relations department at investor.relations@sasol.com.
The annual general meeting of members of Sasol will be held on 28 November 2008 to transact the business stated in the notice of the annual general meeting. Further details with respect to the time and venue will be published on SENS in due course.
|
|
Click here for original article
|
| |
Sasol -- finding of anti-competitive behaviour
As anticipated in several previous announcements made by Sasol, the European Union found that members of the European paraffin wax industry, including Sasol Wax GmbH, formed a cartel and violated antitrust laws. A fine of EUR318 200 000 was imposed by the European Commission on Sasol Wax GmbH (of which Sasol Wax International AG, Sasol Holding in Germany GmbH and Sasol Ltd would be jointly and severally be liable for EUR250 million). The fine is payable within three months. As a result of Sasol's co-operation and support in the investigations, the European Commission reduced the base amount of the fine by 50% to the net amount stated above. Sasol is surprised by and does not understand the reasons for the magnitude of this fine and will be studying the reasons for the finding with a view to lodge an appeal against it.
According to the statement of objections of the European Commission an infringement of antitrust laws commenced in 1992 or even earlier. In 1995 Sasol became a co-shareholder in an existing wax business located in Hamburg, Germany owned by the Schumann group. In July 2002 Sasol acquired the remaining shares in the joint venture and became the sole shareholder of the business. Sasol Ltd was unaware of these infringements before the European Commission commenced their investigation at the wax business in Hamburg in April 2005. Sasol views this matter in a serious light and has intensified its competition and anti-trust law compliance programmes in all its businesses including joint ventures. It is Sasol's policy to comply with all applicable laws, including competition laws.
|
|
Click here for original article
|
| |
| |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
