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Sasol - production and sales metrics
Sasol has published its production and sales performance metrics for the nine months ended 31 March 2018 incorporating an update on its Lake Charles Chemicals Project and information on Sasol’s hedging programme on the Company’s website at www.sasol.com, under the Investor Centre section or via this URL: www.sasol.com/investor-centre/financial-reporting/business-performance-metrics.
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Sasol - free share allocation
Sasol refers to the joint SENS announcement published on 6 April 2018 relating to the free share allocation as more fully described therein.
From today, Monday, 16 April 2018 until 12:00 (midday) on Friday, 11 May 2018 SOLBE1 shareholders and SIPBEE shareholders to whom the relevant free share allocation letters have been or will be sent may reject the free share allocation in the manner set out in such letters.
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Sasol - finalisation announcement
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 a free share allocation (“Free Share Allocation”) under the Sasol Khanyisa Invitation. High level details of the Sasol Khanyisa Invitation can be found in the circular to Sasol shareholders dated Wednesday, 18 October 2017, which is available on the Sasol website at www.sasol.com.
Sasol refers to the joint announcement published on 29 March 2018 relating to the free share allocation to holders of SOLBE1 shares and SIPBEE shares whose names appear on the relevant securities registers on Friday, 6 April 2018 ("Record Date") ("Eligible Shareholders").
Sasol Khanyisa will send a letter ("Letter") to eligible shareholders on 16 April 2018 with full details 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, ("Free Shares").
Disposals of SOLBE1 shares and/or SIPBEE shares
Eligible shareholders need to be aware that from the date of this announcement:
- if SOLBE1 shares are sold before Wednesday, 9 May 2018, the buyer/s will receive the right to the associated portion of the free shares (this is what is known as trading "cum rights");
- if SIPBEE Shares are sold before Wednesday, 9 May 2018 when trading in SIPBEE shares will be suspended, they will be sold cum rights and that, accordingly, the buyer/s will receive the right to the associated portion of the free shares.
Suspension of trading in SIPBEE shares
Trading in SIPBEE shares on the BEE segment of the JSE will be suspended from Wednesday, 9 May 2018 until they are delisted on or about 7 September 2018 in accordance with the terms of their listing on the BEE segment on 1 December 2015.
The reason for the suspension is to avoid any purchaser of SIPBEE shares after Wednesday, 9 May 2018 from having any expectation that such purchaser will receive the portion of the Free share Allocation applicable to those SIPBEE shares.
Important dates
- Record date - Friday, 6 April 2018
- Any disposals of SOLBE1 shares and/or SIPBEE shares from the date of this announcement until close of trade on Tuesday, 8 May 2018, will be cum rights - Period from Friday, 6 April 2018 to Tuesday, 8 May 2018
- Letter sent to eligible shareholders concerning the free share allocation - Wednesday, 11 April 2018 for Letter dispatched by post and Monday, 16 April 2018 for Letter dispatched electronically
- Opening of period during which eligible shareholders can reject the free share allocation - Monday, 16 April 2018
- Trading in existing SOLBE1 shares restricted if the rejection form attached to the Letter is delivered - period from date on which the rejection form attached to the Letter is received by Computershare, your CSDP or broker until Monday, 14 May 2018
- Trading in SIPBEE shares restricted - From the earlier of the date on which the rejection form attached to the Letter is received by Computershare, your CSDP or broker or Wednesday, 9 May 2018, when all trading in SIPBEE shares will be suspended, until the delisting of SIPBEE shares from the JSE
- Last day to trade SOLBE1 shares and/or SIPBEE shares cum rights - Tuesday, 8 May 2018
- Trading in SIPBEE shares (ex rights) will be suspended on the BEE Segment of the JSE - From Wednesday, 9 May 2018 until the delisting of SIPBEE shares from the JSE
- Last day and time by which eligible shareholders can reject the free share allocation - 12h00 on Friday, 11 May 2018
- Record date to receive free share allocation - Friday, 11 May 2018
- Announcement of results of the free shares allocation - Wednesday, 23 May 2018
- Date on which free shares will be issued - Friday, 1 June 2018
- Delisting of SIPBEE shares from the JSE - On or about 7 September 2018
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Sasol - redesignation of certain SOLBE1 shares
SOLBE1 shareholders holding 1 876 288 SOLBE1 shares did not exercise or did not validly exercise the Election Right (as more fully described in the SENS announcements published on 29 January 2018 and 21 February 2018) or were not entitled to exercise the Election Right. Accordingly, these SOLBE1 shares have on 5 April 2018 automatically re-designated as SOL shares.
Trading in SOLBE1 Shares of those SOLBE1 shareholders who exercised the Election Right will recommence trading from 9:00 tomorrow.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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