Results of the Annual General Meeting of Sasol held on 17 November 2017
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 17 November 2017
Sasol shareholders are advised that the results of the business conducted at
the annual general meeting held on Friday, 17 November 2017 at the The Hilton,
138 Rivonia Road, Sandton, Johannesburg, South Africa are as follows:
- As at Friday, 10 November 2017, being the Annual General Meeting Record
Date, the total number of Sasol’s shares in issue was 681 283 578 of which
672 473 692 were eligible to vote (“Total Votable Shares”).
- The total number of shares in the share capital of Sasol eligible to vote
by being present in person or by submitting proxies was 549 735 987, being
81% of Sasol’s issued share capital and 82% of the Total Votable Shares.
1. 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 nomination, governance, social and ethics committee for
the financial year ended 30 June 2017 were presented.
2. Dr MSV Gantsho, Ms NNA Matyumza, Ms IN Mkhize1, Mr ZM Mkhize and Mr S
Westwell, who retired by rotation at the meeting in terms of clause 22.2.1
of the Company’s Memorandum of Incorporation (“Sasol’s MOI”), and, with the
exception of Ms IN Mkhize, made themselves available for re-election and
were re-elected individually for a further term of office:
Total shares voted Shares
abstained
Directors For (%) Against (%) Number %(1) %(1)
M S V Gantsho 95.37 4.63 539 879 534 79.24 1.04
N N A Matyumza 96.02 3.98 548 506 435 80.51 0.05
Z M Mkhize 99.91 0.09 548 503 713 80.51 0.05
S Westwell 99.91 0.09 548 329 390 80.48 0.08
3. Ms GMB Kennealy and Ms MEK Nkeli, who were appointed by the Sasol board of
directors (“the Board”) in terms of clause 22.4.1 of Sasol’s MOI during the
course of the year, were elected individually:
Total shares voted Shares
abstained
Directors For (%) Against (%) Number %(1) %(1)
G M B Kennealy 99.95 0.05 548 499 138 80.51 0.05
M E K Nkeli 96.04 3.96 548 492 544 80.51 0.05
4. PricewaterhouseCoopers Incorporated was automatically re-appointed as the
independent auditor of the Company until the next annual general meeting in
terms of section 90(6) of the Companies Act, 2008 (“the Act”) and it was
noted that Mr Pieter Hough would be the individual registered auditor who
would undertake the audit of the Company for the financial year ending
30 June 2018.
5. The members of the audit committee, Mr C Beggs, Ms GMB Kennealy, Ms NNA
Matyumza, Mr MJN Njeke and Mr S Westwell were elected individually for the
financial year ending 30 June 2018, in terms of sections 94(4) and 94(5) of
the Act, read with Regulation 42 of the Companies Regulations, 2011:
Total shares voted Shares
abstained
Directors For (%) Against (%) Number %(1) %(1)
C Beggs 98.75 1.25 548 329 622 80.48 0.08
G M B Kennealy 99.95 0.05 548 499 952 80.51 0.05
N N A Matyumza 99.95 0.05 548 500 169 80.51 0.05
M J N Njeke 98.83 1.17 548 494 278 80.51 0.05
S Westwell 99.93 0.07 548 314 105 80.48 0.08
6. Advisory endorsement of the Company’s remuneration policy for the year
ending 30 June 2018 was obtained:
Total shares voted Shares
abstained
For (%) Against (%) Number %(1) %(1)
92.40 7.60 544 798 911 79.97 0.60
7. Advisory endorsement of the implementation report of the Company’s
remuneration policy for the year ended 30 June 2018 was obtained:
Total shares voted Shares
abstained
For (%) Against (%) Number %(1) %(1)
89.30 10.70 544 802 576 79.97 0.60
8. Special resolution number 1 approving the remuneration payable to non-
executive directors of the Company for their services as directors for the
period 1 July 2017 until this resolution is replaced, was approved:
Total shares voted Shares
abstained
For (%) Against (%) Number %(1) %(1)
96.05 3.95 548 453 357 80.50 0.06
9. Special resolution number 2 authorising the Board to approve a Specific
Repurchase by the Company of 8 809 886 of its own issued ordinary shares
from Sasol Investment Company (Pty) Ltd, held by Sasol Investment Company
(Pty) Ltd as treasury shares, was approved:
Total shares voted Shares
abstained
For (%) Against (%) Number %(1) %(1)
99.91 0.09 525 180 381 77.09 0.05
10. Special Resolution number 3 authorising the Board to approve the
acquisition of the Company’s ordinary shares by the Company or by any of
its subsidiaries, by way of a general repurchase, up to and including the
date of the next annual general meeting of the Company, was approved:
Total shares voted Shares
abstained
For (%) Against (%) Number %(1) %(1)
99.17 0.83 525 053 577 77.07 0.07
11. Special Resolution number 4 authorising the Board to approve the
inadvertent acquisition by the Company of its shares from a director and/or
a prescribed officer, and/or a person related to any of them when a general
repurchase by the Company of the Company’s shares takes place in accordance
with this resolution, was approved:
Total shares voted Shares
abstained
For (%) Against (%) Number %(1) %(1)
98.63 1.37 525 000 181 77.06 0.08
Notes:
(1) Expressed as a percentage of 681 283 578 Sasol shares (comprising Sasol
Ordinary Shares, Sasol Preferred Ordinary Shares and Sasol BEE Ordinary
Shares)in issue as at the Voting Record Date of Friday, 10 November
2017.
17 November 2017
Johannesburg
Sponsor: Deutsche Securities (SA) Proprietary Limited
Date: 17/11/2017 05:34:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.