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Sasol Limited buys back shares from Sasol Inzalo

Date: 
07 September 2018

Johannesburg, South Africa - Sasol Limited has repurchased 16,1 million Sasol preferred ordinary shares from Sasol Inzalo Public Funding (Pty) Ltd (FundCo) today at the 30 day volume weighted average share price (VWAP) as at 6 September 2018 of R542,11.

 

Today also marks the end of the empowerment period for Sasol Inzalo Public. On 18 September 2018, the Sasol Inzalo Public shares will be delisted, which is the earliest possible date after finalising the Sasol Inzalo transaction.

 

Sasol Inzalo Public will make a further announcement in this regard on Tuesday, 11 September 2018.

 

“When Sasol Inzalo was created in 2008, the objective was to provide black South Africans with the opportunity to own a portion of Sasol. Sasol Inzalo was a landmark transaction and we learnt many lessons along the way,” said Bongani Nqwababa, Joint President and Chief Executive Officer of Sasol Limited.

 

“The unwind of Sasol Inzalo Public closes a significant chapter on our transformation story, but we have moved onto the next chapter. We have taken the lessons learned from Sasol Inzalo and are building on our transformation story,” said Stephen Cornell, Joint President and Chief Executive Officer of Sasol Limited.

 

Sasol may, in this document, make certain statements that are not historical facts that relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, executing our growth projects (including LCCP), oil and gas reserves and cost reductions, including in connection with our BPEP, RP and our business performance outlook. Words such as “believe”, “anticipate”, “expect”, “intend", “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast” and “project” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors are discussed more fully in our most recent annual report on Form 20-F filed on 28 August 2018 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
 
Please note: One billion is defined as one thousand million. bbl – barrel, bscf – billion standard cubic feet, mmscf – million standard cubic feet, oil references brent crude, mmboe – million barrels oil equivalent. All references to years refer to the financial year 30 June. Any reference to a calendar year is prefaced by the word “calendar”. 
 
Comprehensive additional information is available on our website: www.sasol.com