SASOL INZALO PUBLIC (RF) LIMITED - Announcement regarding the 30 day volume weighted average price (VWAP) of a Sasol ordinary share

Release Date: 07/09/2018 12:50
Code(s): SIPBEE
 
Wrap Text
Announcement regarding the 30 day volume weighted average price (“VWAP”) of a Sasol ordinary share

Sasol Inzalo Public (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/030646/06)
Sasol Inzalo Public Share code: JSE: SIPBEE
Sasol Inzalo Public Ordinary ISIN code: ZAE000210050
("Sasol Inzalo")

ANNOUNCEMENT REGARDING THE 30 DAY VOLUME WEIGHTED AVERAGE PRICE (“VWAP”) OF
A SASOL ORDINARY SHARE USED TO DETERMINE THE PRICE FOR THE REPURCHASE BY SASOL
LIMITED (“SASOL”) OF PREFERRED ORDINARY SHARES FROM SASOL INZALO PUBLIC FUNDING
(RF) PROPRIETARY LIMITED (“INZALO PUBLIC FUNDCO”)

1.      Shareholders are referred to the SENS announcement published on 20 August 2018 regarding the
        disposal by Sasol Inzalo Public Funding (RF) Proprietary Limited (“Inzalo Public FundCo”) of
        Sasol Preferred Ordinary Shares to Sasol at the 30 day VWAP of a Sasol ordinary share on
        Thursday, 6 September 2018.

2.      Inzalo Public FundCo today disposed of all of its 16 085 199 Sasol Preferred Ordinary Shares to
        Sasol at the 30 day VWAP of R542,11 per Sasol ordinary share as at 6 September 2018 for an
        aggregate amount of R8 720 million. The proceeds of the sale of the Sasol Preferred Ordinary
        Shares will be sufficient to discharge in full the preference share funding obligations of Inzalo Public
        FundCo.

3.      Sasol Inzalo Public (RF) Limited will make a further announcement in this regard on Tuesday,
        11 September 2018.


Sandton
7 September 2018

Sponsor
Deutsche Securities (SA) Proprietary Limited

Sole Financial Advisor
Rothschild (South Africa) Proprietary Limited

South African Legal Advisors
Edward Nathan Sonnenbergs Inc

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