Announcement regarding date from which SOLBE1 election right may be exercised and consequences of not exercising the SOLBE1 election right
Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes: JSE: SOL NYSE: SSL
Sasol Ordinary ISIN codes: ZAE000006896 US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary ISIN code: ZAE000151817
(“Sasol“)
ANNOUNCEMENT REGARDING DATE FROM WHICH SOLBE1 ELECTION RIGHT MAY BE EXERCISED AND CONSEQUENCES OF NOT EXERCISING THE SOLBE1 ELECTION RIGHT
1. We refer to the SENS announcement published on 29 January 2018 relating to the Election Right.
2. The purpose of this announcement is to advise – 2.1. each SOLBE1 shareholder who is entitled to exercise the Election Right, that such SOLBE1 shareholder may do so from today, Wednesday, 21 February 2018 but the last date and time by which the Election, if exercised, must be received by Computershare, the SOLBE1 shareholder’s CSDP or broker is 12h00 on Thursday, 22 March 2018;
2.2. that should a SOLBE1 shareholder – 2.2.1. not exercise the Election Right during the period referred to in paragraph 2.1;
2.2.2. have disposed of or dispose of some of such SOLBE1 shareholder’s SOLBE1 Shares from Wednesday, 7 February 2018; or
2.2.3. have acquired SOLBE1 Shares from Wednesday, 7 February 2018;
2.2.4. have exercised the Election Right but the election is void for any reason,
such SOLBE1 shareholder will be unable to trade in such SOLBE1 shareholder’s SOLBE1 Shares or remaining SOLBE1 Shares, as the case may be, from 17:00 on Monday, 26 March 2018 (“Last Day to Trade”) until 09:00 on Friday, 6 April 2018. The reason for this is that the SOLBE1 Shares in question will automatically re-designate as SOL Shares on 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”). It is those shareholders whose names are on the SOLBE1 securities register on the Record Date whose names will be transferred to the SOL securities register on 5 April 2018. It is those shareholders whose SOLBE1 Shares do not re-designate as SOL Shares whose names will reflect on the SOLBE1 securities register on Friday, 6 April 2018 and who are therefore eligible to participate in the free share issue contemplated in paragraph 6 of the SOLBE1 Election Document which is being or has been dispatched to SOLBE1 Shareholders on the SOLBE1 securities register on 9 February 2018.
3. The results of the exercise or non-exercise of the Election Right will be published on 29 March 2018.
4. Important dates
Last Day to Trade (the last day on which a 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 |
Record Date |
Thursday, 29 March 2018 |
Date on which SOLBE1 Shares in respect of which an Election is not made, validly made, or cannot be made, will automatically re-designate to SOL Shares |
Thursday, 5 April 2018 |
CSDP and broker client accounts where there are holdings of SOLBE1 Shares for holders which have not exercised, or not validly exercised, the Election to be updated to reflect the automatic re-designation of these holders’ SOLBE1 Shares to SOL Shares. |
Thursday, 5 April 2018 |