Results of the Annual General Meeting of Sasol
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” or the “Company”)
RESULTS OF THE ANNUAL GENERAL MEETING OF SASOL HELD ON WEDNESDAY, 27 NOVEMBER 2019
Sasol shareholders are advised that at the annual general meeting of Sasol held today,
Wednesday, 27 November 2019, at the Forum, The Campus, Wanderers Building, 57 Sloane
Street, Bryanston, Johannesburg, South Africa, all the resolutions tabled thereat were
passed by the requisite majority of shareholders.
The audited annual financial statements of the Company, and of the Sasol group, including
the reports of the directors, external auditors, audit committee and the safety, social
and ethics committee for the financial year ended 30 June 2019 were presented.
Details of the results of voting at the annual general meeting are as follows:
Resolutions proposed Total number Percentage Percentage Percentage Percentage
of shares shares For ** Against** Abstained*
voted voted*
Ordinary Resolution 1.1: Re-election of 451,500,774 71.41 86.17 13.83 2.21
a director in terms of clause 22.2.1 of
the Company’s memorandum of
incorporation (MOI) - GMB Kennealy
Ordinary Resolution 1.2: Re-election of 460,477,263 72.83 97.56 2.44 0.27
a director in terms of clause 22.2.1 of
the Company’s MOI - PJ Robertson
Ordinary Resolution 1.3: Re-election of 445,400,241 70.44 87.28 12.72 3.53
a director in terms of clause 22.2.1 of
the Company’s MOI - P Victor
Ordinary Resolution 2: Election of a 460,705,570 72.86 92.12 7.88 0.19
director in terms of clause 22.4.1 of
the Company’s MOI - SA Nkosi
Ordinary Resolution 3: Election of 460,844,137 72.89 98.63 1.37 0.19
director in terms of clause 22.4.1 of
the Company’s MOI - FR Grobler
Ordinary Resolution 4: Election of a 460,843,932 72.89 98.64 1.36 0.19
director in terms of clause 22.4.1 of
the Company’s MOI - VD Kahla
Ordinary Resolution 5: Appointment of 460,705,097 72.86 93.54 6.46 0.22
PricewaterhouseCoopers Inc. Inc. as
independent auditor
Ordinary Resolution 6.1: Appointment of 381,739,891 60.37 70.68 29.32 17.32
audit committee member – C Beggs
Ordinary Resolution 6.2: Appointment of 382,295,012 60.46 83.26 16.74 17.20
audit committee member - GMB Kennealy
Ordinary Resolution 6.3: Appointment of 382,372,134 60.47 84.63 15.37 17.18
audit committee member – NNA Matyumza
Ordinary Resolution 6.4: Appointment of 382,240,875 60.45 83.08 16.92 17.19
audit committee member – S Westwell
Ordinary Resolution 7: Non-binding 459,808,375 72.72 83.37 16.63 0.41
advisory vote on the Company’s
Remuneration Policy
Ordinary Resolution 8: Non-binding 459,809,897 72.72 71.65 28.35 0.41
advisory vote on the Company’s
Implementation Report of the
Remuneration Policy
Special Resolution 1 – amendment of the 460,828,678 72.88 99.87 0.13 0.19
Company’s MOI
* Based on the total number of Sasol Ordinary Shares and Sasol BEE Ordinary Shares in issue (632 285 709 shares)
as at Friday, 15 November 2019, being the Record Date of the annual general meeting.
**Based on the total number of shares that voted at the annual general meeting, excluding abstentions.
More than 25% of the votes exercised by shareholders, voted against the Company’s
Implementation Report of the Remuneration Policy at the annual general meeting. In terms
of the recommendations of the King IV™ Report on Corporate Governance for South Africa,
2016 and paragraph 3.84(k) of the JSE Limited Listings Requirements, the Sasol
Remuneration Committee (the Committee), on behalf of the Board, will engage with
shareholders to better understand the reasons why they voted against the non-binding
advisory endorsement, to enable the Committee to consider these concerns.
Accordingly, any shareholder that voted against the non-binding advisory endorsement and
who would prefer to engage further with the Company, is requested to write to Feroza
Syed, Chief Investor Relations Officer via email to investor.relations@sasol.com by close
of business 10 January 2020, setting out any reason for voting against the non-binding
advisory endorsement, and indicating whether such shareholder would be interested in
participating in further engagement. The Company will determine the format of such
engagement once it has a better understanding from shareholders as to the reasons for
their dissenting vote.
27 November 2019
Sandton
Sponsor: Merrill Lynch South Africa Proprietary Limited
Date: 27-11-2019 05:40:00
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