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SASOL LIMITED - Announcement regarding suspension of trading in SOLBE1 shares

Release Date: 26/03/2018 09:25
Code(s): SOL SOLBE1     PDF:  
Wrap Text
Announcement regarding suspension of trading in SOLBE1 shares

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")

ANNOUNCEMENT REGARDING SUSPENSION OF TRADING IN SOLBE1 SHARES OF
SHAREHOLDERS WHO HAVE NOT EXERCISED THE ELECTION RIGHT

1.      We refer to the SENS announcement published on Wednesday, 21 February 2018 relating to the
        consequences of not exercising the Election Right as more fully described in that SENS
        announcement.

2.      Should a SOLBE1 shareholder –


        2.1.    not have exercised the Election Right during the period referred to in the Wednesday, 21
                February 2018 SENS announcement;


        2.2.    have exercised the Election Right but the election was void for any reason,


        2.3.    have disposed of some of such SOLBE1 shareholder’s SOLBE1 Shares from Wednesday,
                7 February 2018; or


        2.4.    have acquired SOLBE1 Shares from Wednesday, 7 February 2018,

        (“Non-Electing SOLBE1 Shareholder”), such Non-Electing SOLBE1 shareholder will be unable
        to trade in his/her/its SOLBE1 Shares or remaining SOLBE1 Shares, as the case may be, from
        09:00, Tuesday, 27 March 2018 until 09:00 on Friday, 6 April 2018. The reason for this suspension
        is that the SOLBE1 Shares in question will automatically re-designate as SOL Shares on Thursday,
        5 April 2018 and the suspension in trading is required in order to enable the correct shareholders’
        names to be on the SOLBE1 securities register on Thursday, 29 March 2018, being the record date
        for purposes of the re-designation (“Record Date”). The names of the Non-Electing SOLBE1
        Shareholders that appear on the SOLBE1 securities register on the Record Date will be transferred
        to the SOL securities register on Thursday, 5 April 2018.

3.      Important dates

         Last Day to Trade (the last day on which a Non-    Monday, 26 March 2018
         Electing SOLBE1 Shareholder can transact
         (whether on or off-market) in SOLBE1 Shares
         in order to be on the SOLBE1 securities
         register on the Record Date)
         Suspension of trading in SOLBE1 Shares of          09:00 on Tuesday, 27 March 2018
         Non-Electing SOLBE1 Shareholders
         Record Date                                        Thursday, 29 March 2018
         Date on which SOLBE1 Shares of Non-Electing        Thursday, 5 April 2018
         SOLBE1 Shareholders will automatically re-
         designate to SOL Shares
         CSDP and broker client accounts where there        Thursday, 5 April 2018
         are holdings of SOLBE1 Shares of Non-
         Electing SOLBE1 Shareholders to be updated
         to reflect the automatic re-designation of these
         holders’ SOLBE1 Shares to SOL Shares
         Lifting of suspension of trading in SOLBE1         09:00 on Friday, 6 April 2018
         Shares of SOLBE1 Shareholders who
         exercised the Election Right from this date and
         time

Sandton
26 March 2018

Sponsor
Deutsche Securities (SA) Proprietary Limited

Sole Financial Advisor
Rothschild (South Africa) Proprietary Limited

Joint South African Legal Advisors
Edward Nathan Sonnenbergs Inc
Poswa Inc

US Legal Advisors
Shearman & Sterling

Date: 26/03/2018 09:25:00 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.

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