0000314590-18-000003.txt : 20180226 0000314590-18-000003.hdr.sgml : 20180226 20180226095546 ACCESSION NUMBER: 0000314590-18-000003 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180226 FILED AS OF DATE: 20180226 DATE AS OF CHANGE: 20180226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SASOL LTD CENTRAL INDEX KEY: 0000314590 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 000000000 STATE OF INCORPORATION: T3 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31615 FILM NUMBER: 18638900 BUSINESS ADDRESS: STREET 1: 50 KATHERINE STREET SANDTON STREET 2: SANDTON CITY: JOHANNESBURG STATE: T3 ZIP: 2196 BUSINESS PHONE: 01127114413111 MAIL ADDRESS: STREET 1: P O BOX 5486 CITY: JOHANNESBURG STATE: T3 ZIP: 99999 FORMER COMPANY: FORMER CONFORMED NAME: SASOL LTD/ADR/ DATE OF NAME CHANGE: 20000101 6-K 1 6k260218specificrepurchase.txt SPECIFIC REPURCHASE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d- 16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Report on Form 6-K for February, 2018 Commission File Number 1-31615 Sasol Limited 50 Katherine Street Sandton 2196 South Africa (Name and address of registrant?s principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F __X__ Form 40-F _____ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____ Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders. Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____ Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant?s ?home country?), or under the rules of the home country exchange on which the registrant?s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant?s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes _____ No __X__ If ?Yes? is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_______________.d Enclosures: SPECIFIC REPURCHASE AND CANCELLATION OF ORDINARY SHARES HELD BY SUBSIDIARY 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?) SPECIFIC REPURCHASE AND CANCELLATION OF ORDINARY SHARES HELD BY SUBSIDIARY At the annual general meeting held on 17 November 2017, Sasol shareholders approved a specific authority to acquire 8 809 886 ordinary shares from its wholly-owned subsidiary, Sasol Investment Company (Pty) Ltd (SIC) at Sasol?s closing ordinary share price on the business day prior to the approval of the repurchase by the Sasol board of directors (the Board) or its nominee (Specific Repurchase). In accordance with the authority conferred on him by the Board, the Chief Financial Officer today, after the Board concluded that Sasol satisfied the solvency and liquidity test as required in terms of the Listings Requirements of the JSE Limited (JSE), sections 4 and 46 of the Companies Act, approved the Specific Repurchase of 8 809 886 ordinary shares from SIC at the closing price on 23 February 2018 of R394.50 per ordinary share effective, 26 February 2018. The effect is that the shares have been cancelled and restored to Sasol?s authorised ordinary share capital as from today. No treasury shares will be in issue after the Specific Repurchase. Application will be made to the JSE for the delisting of the shares with effect from Monday, 5 March 2018. The acquisition will have no financial effect on Sasol or its shareholders, other than in respect of Specific Repurchase costs that are normally incurred in transactions of this nature. As the Specific Repurchase is intra-group, between Sasol and its wholly- owned subsidiary, SIC, the net cash position of the Sasol group will not change as a result of the acquisition (except for the payment of the transaction costs). Consequently, the financial effect of the Specific Repurchase on Sasol?s earnings per share, headline earnings per share, net asset value per share and net tangible asset value per share will be confined to the cost of the sponsor fee, the legal fees, the taxes levied by the South African Revenue Services and the JSE documentation fee which are considered negligible. The Specific Repurchase will be funded out of Sasol?s existing reserves resulting in a reduction of contributed tax capital. 26 February 2018 Johannesburg Sponsor: Deutsche Securities (SA) Proprietary Limited SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Sasol Limited, has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: 26 February, 2018 By: /s/ V D Kahla Name: Vuyo Dominic Kahla Title: Company Secretary