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.
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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”.