To view the PDF file, sign up for a MySharenet subscription.

SASOL LIMITED - Further Cautionary Announcement and Trading Statement

Release Date: 22/05/2020 08:55
Code(s): SOLBE1 SOL     PDF:  
Wrap Text
Further Cautionary Announcement and Trading Statement

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”)


Sasol refers to the cautionary announcements released on the Stock Exchange News
Service on 17 March 2020 and 31 March 2020, outlining a comprehensive response
strategy designed to mitigate the impact of COVID-19 and a lower oil price. The strategy
includes a cash conservation programme, an accelerated and expanded asset disposal
and partnering programme, as well as a potential rights issue of up to US$2 billion,
which remains subject to the progress of other initiatives.

Sasol shareholders are advised that implementation of the response strategy is
underway, the outcome of which may have a material effect on the price of the
Company’s securities. Accordingly, shareholders are advised to continue exercising
caution when dealing in the Company’s securities until full announcements on the asset
disposal and partnering programme and the potential rights issue are made.


Sasol shareholders are also advised that for the financial year ending 30 June 2020
(FY20) headline earnings per share (HEPS) are expected to decrease by at least 20%,
compared to the HEPS of R30,72 reported for the year ended 30 June 2019 (the
comparative period). Earnings per share (EPS) are also expected to decrease by at
least 20%, compared to EPS of R6,97 reported for the comparative period.

Our FY20 results may be impacted further by adjustments resulting from the year-end
closure process, which may result in a change in the estimated EPS and HEPS noted
above. A comprehensive trading statement will be published as soon as there is more
certainty with respect to the ranges of the decrease in HEPS and EPS.

The financial information on which this trading statement is based has not been
reviewed and reported on by the Company's external auditors. Sasol's audited FY20
results will be announced on Monday, 17 August 2020.

22 May 2020

Sponsor: Merrill Lynch South Africa Proprietary Limited

Date: 22-05-2020 08:55:00
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.

Share This Story