Go Back Email this Link to a friend

Sasol Limited - Results Of The Annual General Meeting Of Sasol Held On 4 December 2015

Release Date: 04/12/2015 15:45:00      Code(s): SOL SOLBE1     
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 4 December 2015

Sasol shareholders are advised that the results of the business conducted at
the annual general meeting held on Friday, 4 December 2015 at the Hyatt
Regency Hotel, 191 Oxford Road, Rosebank, Johannesburg, South Africa are as

     - Total number of Sasol?s ordinary shares in issue is 679 731 562;
     - Total number of Sasol?s ordinary shares in issue excluding 8 809 886
       treasury shares, being those ordinary shares which are not entitled to
       vote at the annual general meeting as at the voting record date of
       Friday, 27 November 2015, is 670 921 676(?Total Votable Ordinary
     - Total number of ordinary shares in the share capital of Sasol voted in
       person or by proxy was 522 521 402, being 77% of Sasol?s issued share
       capital and 78% of the Total Votable Ordinary Shares;
     - The total number of shares that abstained from voting did not exceed 3%
       of the total issued share capital.

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 2015 were presented.

2.    Ms V N Fakude, Dr M S V Gantsho, Ms I N Mkhize and Mr S Westwell retired by
      rotation at the meeting in terms of clause 22.2.1 of the Company?s
      Memorandum of Incorporation (?Sasol?s MOI?) and were re-elected
      individually for a further term of office:

                                    Total shares voted                 Shares
       Directors       For (%)   Against (%)   Number          %(1)    %(1)
       V N Fakude      99,88     0,12          521 238   905   76.68   0,19
       M S V Gantsho   99,91     0,09          521 079   126   76.66   0,21
       I N Mkhize      99,89     0,11          521 237   026   76.68   0,19
       S Westwell      99,97     0,03          521 239   697   76.68   0,19

3.    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 2016.

4.   The members of the audit committee, Mr C Beggs, Ms N N A Matyumza, Ms I N
     Mkhize, Mr M J N Njeke and Mr S Westwell were elected individually for the
     financial year ending 30 June 2016 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
     Directors        For (%)     Against (%)   Number          %(1)    %(1)
     C Beggs          99,97       0,03          521 244   803   76.68   0,19
     N N A Matyumza   99,98       0,02          521 243   579   76.68   0,19
     I N Mkhize       99,83       0,17          521 241   510   76.68   0,19
     M J N Njeke      97,51       2,49          521 078   884   76.66   0,21
     S Westwell       99,95       0,05          521 246   465   76.68   0,19

5.   Advisory endorsement on the Company?s remuneration policy for the year
     ending 30 June 2016 was obtained:

                  Total shares voted                  Shares
     For (%)    Against (%)     Number        %(1)    %(1)
     93,30      6,70            521 255 380   76.69   0,19

6.   Special Resolution number 1 approving the remuneration payable by the
     company to the resident non-executive directors of the company for their
     services as directors with effect from 1 July 2015, was approved:

                  Total shares voted                  Shares
     For (%)    Against (%)     Number        %(1)    %(1)
     97,78      2,20            521 508 842   76.72   0,15

7.   Special Resolution number 2 to authorise the Board to approve the general
     repurchase by the Company or purchase by any of its subsidiaries of any of
     its subsidiaries, of any of the Company?s ordinary shares and/or Sasol BEE
     ordinary shares was passed:

                  Total shares voted                  Shares
     For (%)    Against (%)     Number        %(1)    %(1)
     99,54      0,46            521 334 719   76.70   0,18

8.   Special Resolution number 3 to authorise the Board to approve, when any
     general repurchase by the Company takes place in accordance with special
     resolution number 2, the purchase by the Company of its issued shares from
     a director and/or a prescribed officer of the Company, and/or person
     related to a director or prescribed officer of the Company was passed:

                  Total shares voted                  Shares
     For (%)    Against (%)     Number        %(1)    %(1)
     99,59      0,41            521 514 872   76.72   0,15

 (1) Expressed as a percentage of 679 731 562 Sasol ordinary shares in issue
       as at the Voting Record Date.

4 December 2015

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 04/12/2015 03:45:00 Supplied by www.sharenet.co.za                     
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.

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.