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SASOL LIMITED - Dealings in Securities

Release Date: 12/11/2019 17:22
Code(s): SOL SOLBE1     PDF:  
Wrap Text
Dealings in Securities

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”)

DEALINGS IN SECURITIES BY A FORMER DIRECTOR OF SASOL AND A MAJOR SUBSIDIARY OF
SASOL

In compliance with paragraph 3.63 to 3.66 of the JSE Limited Listings
Requirements (“Listings Requirements”), Sasol hereby announces that a former
director of Sasol Limited and a major subsidiary was, in terms of the Sasol Long-
Term Incentive (LTI) Plan (“Plan”), issued securities in terms of previously
accepted LTI awards made to him in 2016 that have partly vested on the
achievement of corporate performance targets at 47%. The balance of the award
made in 2016 will vest in 2021, subject to the rules of the Plan. Participants
have the option on vesting to elect to receive securities only, to sell
sufficient securities to cover their tax liability and to retain the balance of
the securities or to sell all the securities. The dealings are as set out below.

    Vesting date:                 30 October 2019
    Transaction date:             7 November 2019
    Class of securities:          Sasol American Depositary Receipts (ADR) each
                                  representing one Sasol ordinary share
    Initial issue price per       USD0,00
    right:
    Nature of Transaction:        Retention of vested shares off-market
    Nature and extent of          Direct beneficial
    interest:

    Surname and     Designation   Company          Number of     Selling     Total value
    initials                                      securities   Price per        of the
                                                                security     transaction
                                                                  (USD)          (USD)
    Cornell, S R(1) Director      Sasol Limited       17 470         18,72    327 038,40
                    Director      Sasol (USA)
                                  Corporation
    1.   Resigned effective 31 October 2019

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

12 November 2019
Sandton

Sponsor: Merrill Lynch South Africa Proprietary Limited

Date: 12/11/2019 05:22:00
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