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SASOL LIMITED - Results of the Annual General Meeting of Sasol held on 17 November 2017

Release Date: 17/11/2017 17:34
Code(s): SOL SOLBE1     PDF:  
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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

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