Sasol is a global chemicals and energy company. We harness our knowledge and expertise to integrate sophisticated technologies and processes into world-scale operating facilities. We safely and sustainably source, produce and market a range of high-quality products, creating value for stakeholders.
Sasol comprises three distinct market-focused businesses, namely: Chemicals, Energy and Sasol ecoFT. Our more focused portfolio is underpinned by a transition to a lower-carbon future and our 70-year track record demonstrates we have the capabilities and competencies to deliver sustainable value in these three core businesses.
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Supply Chain is the custodian of all external spend for the Sasol Group. It is responsible for managing supply and demand so as to ensure cost-efficiency and maximise return on spend, while at the same time ensuring effective logistics of a range of deliverables.
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Johannesburg, South Africa – Sasol Inzalo Public (RF) Limited is pleased to announce that it will distribute over R1,3 billion to the Sasol Inzalo Public (SIPBEE) shareholders in the form of a cash payment on 17 September 2018. Each SIPBEE shareholder will receive R85,63 per share(less dividends withholding tax of 20%, if applicable).
On Friday, 7 September 2018 Sasol Limited repurchased 16,1 million Sasol preferred ordinary shares from Sasol Inzalo Public Funding (Pty) Ltd (Fundco) at R542,11 per share. A 30-day volume weighted average share price (as at 6 September 2018) was used to calculate the price for the Sasol preferred ordinary shares. The total price paid to Fundco was R8,7 billion.
Fundco repaid its outstanding Inzalo funding of R7,4 billion on Monday, 10 September 2018.
After repayment of the outstanding Inzalo funding, paying taxes and costs, there is a cash surplus of over R1,3 billion (net of dividends withholding tax, if applicable) which will be distributed to the SIPBEE shareholders on 17 September 2018.
This marks the end of the Sasol Inzalo transaction. Sasol Inzalo Public Limited (RF) will delist from the JSE on Tuesday, 18 September 2018.
SIPBEE shareholders are encouraged to contact Computershare to update their contact and bank details as the cash distribution will be paid on 17 September 2018. Contact Computershare at sasolinzalo@computershare.co.za or call 0800 000 222 toll-free (South African calls) and +27(0)11 370 7700 (International calls).