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Sol - Sasol - Specific Repurchase By Sasol Of Its Ordinary Shares Held By A

Release Date: 30/10/2008 12:16:02      Code(s): SOL
SOL - Sasol - Specific Repurchase By Sasol Of Its Ordinary Shares Held By A     
         Wholly-Owned Subsidiary And Sasol Limited Annual General Meeting       
Sasol Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1979/003231/06)                                            
ISIN: ZAE000006896                                                              
Share codes:                                                                    
JSE - SOL                                                                       
NYSE - SSL                                                                      
("Sasol")                                                                       
SPECIFIC REPURCHASE BY SASOL OF ITS ORDINARY SHARES HELD BY A WHOLLY-OWNED      
SUBSIDIARY AND SASOL LIMITED ANNUAL GENERAL MEETING                             
1. Introduction and rationale for the specific repurchase                       
Sasol Investment Company (Proprietary) Limited ("SIC") acquired ordinary shares 
in the share capital of Sasol between 7 March 2007 and 1 October 2008 pursuant  
to general authorities granted to Sasol by its shareholders.  Currently SIC owns
a total of 40 309 886 Sasol ordinary shares ("treasury shares"), constituting   
approximately 6,39% of Sasol`s issued ordinary share capital as at 30 September 
2008.  The treasury shares have been purchased at an average of R298,92 per     
share.                                                                          
Sasol will request shareholders at its annual general meeting, to approve that  
Sasol repurchases 31 500 000 treasury shares from SIC, following which those    
shares will be cancelled as issued ordinary shares and restored to the status of
authorised ordinary shares. Subsequent to the specific repurchase, SIC will     
continue to own 8 809 886 treasury shares, constituting approximately 1,4% of   
Sasol`s issued ordinary share capital as at 30 September 2008.                  
The specific repurchase of the treasury shares is being implemented in order to 
create additional capacity for Sasol or any of its subsidiaries to purchase     
ordinary Sasol shares, as and when Sasol shareholders authorise such            
repurchases, in accordance with the provisions of the Companies Act 61 of 1973  
("Companies Act") and the JSE Listings Requirements.                            
2. The specific repurchase                                                      
Sasol and SIC entered into a Disposal and Acquisition of Shares agreement on 21 
October 2008.  In terms of that agreement, Sasol will, subject to the approval  
of Sasol shareholders and the final approval by two of the directors of Sasol,  
acquire 31 500 000 treasury shares from SIC. The acquisition will take effect on
a date to be determined by two of Sasol`s directors, following the fulfilment of
the suspensive conditions (see below), but no later than 31 December 2008.  The 
shares will be acquired at market value and cancelled upon acquisition.         
The specific repurchase will have no financial effect on Sasol or its           
shareholders, other than in respect of transaction costs, including securities  
transfer tax, that are normally incurred in transactions of this nature. As the 
specific repurchase is intra-group, the net cash position of the Sasol group    
will not change as a result of the specific repurchase (except for the payment  
of the transaction costs and securities transfer tax).                          
3. Suspensive conditions                                                        
The specific repurchase is subject to the passing at the annual general meeting 
of Sasol scheduled for 28 November 2008 the special resolution necessary to     
implement the repurchase, the subsequent registration of the special resolution 
by the Registrar of Companies and approval by two Sasol directors of the        
repurchase, following the authority given to them by shareholders and the board 
of Sasol. In terms of the JSE Listings Requirements and the provisions of the   
Companies Act, SIC will be excluded from voting at the meeting. In terms of the 
JSE Listings Requirements Sasol ordinary shares held by the The Sasol Inzalo    
Employee Trust and The Sasol Inzalo Management Trust will not have their votes  
taken into account for purposes of the approval of the special resolution       
regarding the specific repurchase.                                              
4. Notice of annual general meeting                                             
The annual general meeting of members of Sasol will be held at 09:00 on 28      
November 2008 at the The Teatro, Mosaiek Lifestyle, Danielle Street (off        
Davidson Street), Fairland, Johannesburg, South Africa, to transact the business
stated in the notice of annual general meeting. Notices of annual general       
meeting will be mailed to members by no later than 6 November 2008.             
30 October 2008                                                                 
Johannesburg                                                                    
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited               
Forward-looking statements: In this document we make certain statements that are
not historical facts and relate to analyses and other information based on      
forecasts of future results not yet determinable, relating, amongst other       
things, to exchange rate fluctuations, volume growth, increases in market share,
total shareholder return and cost reductions. These are forward-looking         
statements as defined in the United States Private Securities Litigation Reform 
Act of 1995. Words such as "believe", "anticipate", "intend", "seek", "will",   
"plan", "could", "may", "endeavour" and "project" and similar expressions are   
intended to identify such forward-looking statements, but are not the exclusive 
means of identifying such statements. Forward-looking statements involve        
inherent risks and uncertainties and, if one or more of these risks materialise,
or should underlying assumptions prove incorrect, actual results may be very    
different from those anticipated. The factors that could cause our actual       
results to differ materially from such forward-looking statements are discussed 
more fully in our most recent annual report under the Securities Exchange Act of
1934 on Form 20-F filed on 7 October 2008 and in other filings with the United  
States Securities and Exchange Commission. Forward-looking statements apply only
as of the date on which they are made, and Sasol does not undertake any         
obligation to update or revise any of them, whether as a result of new          
information, future events or otherwise.                                        
Date: 30/10/2008 12:16:01 Supplied by www.sharenet.co.za                     
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