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Sasol - correction announcement
Shareholders are referred to the SOLBE1 Election Right Results announcement released on the Stock Exchange News Service of the JSE Ltd. (“SENS”) earlier on Thursday, 29 March 2018.
Shareholders are now advised that, in fact, SOLBE1 shareholders who validly exercised the Election Right did so in respect of 962 277 SOLBE1 shares, that 245 741 SOLBE1 shares will be issued as capitalisation shares to holders of SOLBE1 shares and that SOLBE1 shareholders, holding 1 876 288 SOLBE1 shares, did not exercise or did not validly exercise the Election Right or were not entitled to exercise the Election Right.
Accordingly, shareholders are advised to disregard the previous announcement released on SENS earlier on Thursday, 29 March 2018, and to refer to the correct information below:
The following are the results of the exercise or non-exercise of the Election Right:
-SOLBE1 shareholders validly exercised the Election Right in respect of 962 277 SOLBE1 shares. Accordingly –
- these SOLBE1 shares will not automatically re-designate as SOL shares on Thursday, 5 April 2018 and will remain as SOLBE1 shares; and
- 245 741 SOLBE1 shares will be issued as capitalisation shares to the holders of such SOLBE1 Shares on Friday, 1 June 2018.
-SOLBE1 shareholders, holding 1 876 288 SOLBE1 shares, did not exercise or did not validly exercise the Election Right or were not entitled to exercise the Election Right. Accordingly these SOLBE1 shares will automatically re-designate as SOL shares on Thursday, 5 April 2018.
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Sasol - appointment of director
Sasol announces the appointment of Ms Muriel Betty Nicolle Dube as an independent non-executive director of the Company with effect from 1 April 2018. Ms Dube has also been appointed as a member of the board of directors’ (Board) Safety, Social and Ethics and Capital Investment committees with effect from 1 April 2018.
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Sasol - election right results announcement
Sasol refers to the SENS announcements published on Monday, 29 January 2018, Wednesday, 21 February 2018 and Thursday, 22 March 2018 relating to the Election Right as more fully described in those SENS announcements. The last date for SOLBE1 shareholders to have exercised the Election Right was Thursday, 22 March 2018, which date was extended to 12:00 on Friday, 23 March 2018.
The following are the results of the exercise or non-exercise of the Election Right:
SOLBE1 shareholders validly exercised the Election Right in respect of 962 425 SOLBE1 shares. Accordingly –
- these SOLBE1 shares will not automatically re-designate as SOL shares on Thursday, 5 April 2018 and will remain as SOLBE1 shares; and
- 245 779 SOLBE1 Shares will be issued as capitalisation shares to the holders of such SOLBE1 Shares on Friday, 1 June 2018.
SOLBE1 shareholders, holding 1 876 140 SOLBE1 shares, did not exercise or did not validly exercise the Election Right or were not entitled to exercise the Election Right. Accordingly these SOLBE1 shares will automatically re-designate as SOL shares on Thursday, 5 April 2018.
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Sasol - free share allocation
The shareholders of Sasol at the meeting held on Friday, 17 November 2017 approved a transaction known as the Sasol Khanyisa transaction. The Sasol Khanyisa transaction comprised a number of elements, one of which is the free share allocation dealt with below.
The purpose of this announcement is to advise the holders of SOLBE1 Shares and SIPBEE Shares whose names appear on the relevant securities registers on the record date of Friday, 6 April 2018, that they will receive a letter from Sasol Khanyisa Public ("Letter") advising them of their entitlement to receive:
- from Sasol Khanyisa Public, ordinary shares for free; and
- from Sasol, arranged by Sasol Khanyisa Public, SOLBE1 Shares for free,
details of which will be set out in the Letter.
The last day to trade in SIPBEE Shares in order for holders thereof to be on the Sasol Inzalo Public securities register on Friday, 6 April 2018, is Tuesday, 3 April 2018.
SOLBE1 shareholders whose names appear on the SOLBE1 securities register on the date of this announcement and whose SOLBE1 Shares will not redesignate as SOL Shares on 5 April 2018 will continue to be on the SOLBE1 securities register on Friday, 6 April 2018, as trading in those shares is suspended until such date.
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Sasol - suspension of SOLBE1 shares
Sasol refers to the SENS announcement published on Wednesday, 21 February 2018 relating to the consequences of not exercising the Election Right as more fully described in that SENS announcement.
Should a SOLBE1 shareholder –
- not have exercised the Election Right during the period referred to in the Wednesday, 21 February 2018 SENS announcement;
- have exercised the Election Right but the election was void for any reason,
- have disposed of some of such SOLBE1 shareholder’s SOLBE1 Shares from Wednesday, 7 February 2018; or
- have acquired SOLBE1 Shares from Wednesday, 7 February 2018, (“Non-Electing SOLBE1 Shareholder”), such Non-Electing SOLBE1 shareholder will be unable to trade in his/her/its SOLBE1 Shares or remaining SOLBE1 Shares, as the case may be, from 09:00, Tuesday, 27 March 2018 until 09:00 on Friday, 6 April 2018. The reason for this suspension is that the SOLBE1 Shares in question will automatically re-designate as SOL Shares on Thursday, 5 April 2018 and the suspension in trading is required in order to enable the correct shareholders’ names to be on the SOLBE1 securities register on Thursday, 29 March 2018, being the record date for purposes of the re-designation (“Record Date”). The names of the Non-Electing SOLBE1 Shareholders that appear on the SOLBE1 securities register on the Record Date will be transferred to the SOL securities register on Thursday, 5 April 2018.
Important dates
- Last Day to Trade (the last day on which a Non- Electing SOLBE1 Shareholder can transact (whether on or off-market) in SOLBE1 Shares in order to be on the SOLBE1 securities register on the Record Date) : Monday, 26 March 2018
- Suspension of trading in SOLBE1 Shares of Non-Electing SOLBE1 Shareholders : 09:00 on Tuesday, 27 March 2018
- Date on which SOLBE1 Shares of Non-Electing SOLBE1 Shareholders will automatically re- designate to SOL Shares: Thursday, 5 April 2018
- CSDP and broker client accounts where there are holdings of SOLBE1 Shares of Non- Electing SOLBE1 Shareholders to be updated to reflect the automatic re-designation of these holders’ SOLBE1 Shares to SOL Shares : Thursday, 5 April 2018
- Lifting of suspension of trading in SOLBE1 Shares of SOLBE1 Shareholders who exercised the Election Right from this date and time : 09:00 on Friday, 6 April 2018
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Sasol - closing of period
Sasol refers to the SENS announcement published on 21 February 2018 relating to the Election Right more fully described in that announcement. Sasol also refer to the SENS announcement published on 22 March 2018 stating that SOLBE1 shareholders had until 12h00 on 23 March 2018 to exercise the Election Right. The purpose of this announcement is to advise SOLBE1 shareholders that the period within which they were entitled to exercise the Election Right is now closed. The results of the exercise or non-exercise of the Election Right will be published on Thursday, 29 March 2018.
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Sasol - announcement regarding extension period
Sasol refers to the SENS announcement published on Wednesday, 21 February 2018 relating to the Election Right more fully described in that announcement.
Due to technical challenges beyond Sasol’s control, which might have prevented SOLBE1 shareholders wishing to exercise the Election Right from doing so, Sasol has agreed that SOLBE1 shareholders now have until 12:00 on Friday, 23 March 2018 to exercise the Election Right.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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