SASOL LIMITED - Grant and acceptance of conditional share awards by Directors and the Company Secretary of Sasol, and Directors and

Release Date: 05/09/2018 15:00
Code(s): SOL SOLBE1
 
Wrap Text
Grant and acceptance of conditional share awards by Directors and the Company Secretary of Sasol, and Directors and

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 “Company”)

GRANT AND ACCEPTANCE OF CONDITIONAL SHARE AWARDS BY DIRECTORS
AND THE COMPANY SECRETARY OF SASOL, AND DIRECTORS AND THE
COMPANY SECRETARY OF MAJOR SUBSIDIARIES OF SASOL

In compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements, Sasol hereby
announces that the directors and the Company Secretary of Sasol, and directors and the
Company Secretary of major subsidiaries of Sasol, have been granted, and have accepted,
conditional share awards in terms of the Sasol Long-Term Incentive Plan (“the Plan” and/or
“LTI”, as appropriate).

The Board or the Sasol Remuneration Committee, as appropriate, approved the share
awards made on 16 August 2018. In terms of the rules of the Plan, the participants have to
decline such an award within ten business days after the award date, failing which the
award will be deemed to have been accepted.

The rules of the LTI Plan are available on the Sasol website www.sasol.com.

 Award date:                           3 September 2018
 Deemed acceptance date:               13 September 2018
 Vesting periods:                      50% after 3 years and the balance after 5 years
 Class of securities:                  Sasol ordinary shares
 Nature of transaction:                Annual supplementary LTI Award (off-market)
 Price per share*                      R576.00
 Nature and extent of interest:        Direct beneficial

 Surname and       Designation         Company                      Number     Total value of
 initials                                                             of      the transaction
                                                                    shares        (ZAR)**
 Nqwababa, B       Director            Sasol Limited                 39 062     22 500 000.00
 Victor, P         Director            Sasol Limited                 20 833     12 000 000.00
                                       Sasol (USA) Corporation
                                       Sasol Oil (Pty) Ltd
 Kahla, V D        Company Secretary   Sasol Limited                 12 321      7 097 398.00
                   Director            Sasol South Africa Limited
                                       Sasol (USA) Corporation
                                       Sasol Oil (Pty) Ltd
 Mokoena, C K      Director            Sasol South Africa Limited    11 254      6 482 500.00
                                       Sasol Oil (Pty) Ltd
 Klingenberg, BE   Director            Sasol Oil (Pty) Ltd           14 707      8 471 727.00
 Radebe, M         Director            Sasol Oil (Pty) Ltd           10 709      6 168 675.00
 Baijnath, B       Director            Sasol South Africa Limited     4 326      2 492 150.00
 Booley, T         Director            Sasol South Africa Limited     3 723      2 144 788.00
                                       Sasol Oil (Pty) Ltd
 Du Toit, M        Company Secretary   Sasol South Africa Limited     2 923      1 683 885.00
 Laxa, R M         Director            Sasol South Africa Limited     4 192      2 414 691.00
 Solomon, M S      Director            Sasol South Africa Limited     3 264      1 880 178.00
 Khoele, G L       Director            Sasol Oil (Pty) Ltd            2 210      1 273 498.00
 Cameron, E        Director            Sasol Oil (Pty) Ltd            4 497      2 590 296.00

 Award date:                           3 September 2018
 Deemed acceptance date:               13 September 2018
 Vesting periods:                      50% after 3 years and the balance after 5 years
 Class of securities:                  Sasol American Depository Receipts (ADRs)
 Nature of transaction:                Annual supplementary LTI Award (off-market)
 Price per share*                      US$39.26
 Nature and extent of interest:        Direct beneficial

 Surname and           Designation     Company                      Number     Total value of
 initials                                                                of            the
                                                                       shares      transaction
                                                                                     (US$)**
 Cornell, S R          Director        Sasol Limited                  43 555     1 710 000.00
                                       Sasol (USA) Corporation
 Thomas, M             Director        Sasol (USA) Corporation         5 062       198 743.00
 Stouder, E T          Director        Sasol South Africa Limited      4 628       181 700.00

The necessary clearance to deal has been obtained for all the transactions set out above in
terms of paragraph 3.66 of the JSE Listings Requirements.

* Strike price per share is nil. The Price per share indicated is the closing price of the Sasol
ordinary share / ADR on 31 August 2018, the day before the grant was made (R576.00, in
the case of Sasol ordinary shares and US$39.26, in the case of ADRs) which was used to
calculate the number of shares / ADRs.
** The total transaction value is the Price per share multiplied by the number of Sasol
ordinary shares / ADRs awarded.

5 September 2018
Johannesburg

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 05/09/2018 03:00:00 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.

Email this JSE Sens Item to a Friend.

Share This Story