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SIPBEE 201809110017A
Announcement regarding distribution of cash after settlement of third party funding
Sasol Inzalo Public (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/030646/06)
Sasol Inzalo Public Share code: JSE: SIPBEE
Sasol Inzalo Public Ordinary ISIN code: ZAE000210050
("Sasol Inzalo")
ANNOUNCEMENT REGARDING DISTRIBUTION OF CASH AFTER SETTLEMENT OF THIRD PARTY
FUNDING
1. In the SENS announcement published on Friday, 7 September 2018, shareholders were advised
that all of Sasol Inzalo’s Preferred Ordinary Shares were repurchased by Sasol Limited at the
30 day volume weighted average price of a Sasol ordinary share on Thursday, 6 September 2018
of R542.11 per Sasol ordinary share.
2. Sasol Inzalo Funding (RF) (Pty) Ltd (FundCo) used proceeds received to first repay its outstanding
debt of R7 429 104 986.41 on Monday, 10 September 2018.
3. After repayment of the outstanding debt as well as costs and taxes, there is a cash surplus of
R1 377 305 815.53.
4. On Monday, 10 September 2018 after fully redeeming the preference share balance, the board of
directors of Sasol Inzalo passed the necessary resolutions to declare a cash distribution of R85.63
(8563 cents) per Sasol Inzalo ordinary share which is R1 377 305 815.53 in the aggregate of
which -
4.1 R370 924 688.94 (R23.06 (2306 cents) per Sasol Inzalo share) will be a return of capital
which is to be funded out of contributed tax capital and is not subject to dividend withholding
tax, and
4.2 R1 006 381 126.59 (R62.57 (6257 cents) per Sasol Inzalo share) will be a dividend funded
out of cash and will be subject to dividend withholding tax.
The South African Dividends Tax rate is 20%. The gross dividend amount is R62.57 per
Sasol Inzalo share for shareholders exempt from dividend withholding tax. The net
dividend amount is R50.05 (5005.6 cents) per Sasol Inzalo share for shareholders liable to
pay the dividends withholding tax.
As at the date of this declaration Sasol Inzalo has 16 085 199 ordinary shares in issue and
Sasol Inzalo’s income tax reference number is 9495070162.
Shareholders registered as such on the register of Sasol Inzalo at the close of business on the record date,
being Friday, 7 September 2018 as contemplated in the SENS announcement published on Wednesday,
29 August 2018, will receive a distribution per above (less dividends withholding tax, if applicable) in Sasol
Inzalo which will be paid on Monday, 17 September 2018.
Sandton
11 September 2018
Sponsor
Deutsche Securities (SA) Proprietary Limited
Sole Financial Advisor
Rothschild (South Africa) Proprietary Limited
South African Legal Advisors
Edward Nathan Sonnenbergs Inc
Date: 11/09/2018 08:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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information disseminated through SENS. |
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