Johannesburg, South Africa – Sasol today announced its secondary listing on A2X, which is a new independent licensed stock exchange that provides an additional trading venue for a company to secondary list their shares for trade. The company’s Sasol ordinary shares (SOL) will be tradeable on the new South African platform with effect from Monday, 3 February 2020.
Sasol Chief Financial Officer, Paul Victor, said: “Sasol’s decision to list on A2X is part of the company’s commitment to continually find ways to increase value for shareholders as well as provide them with a variety of trading venue options.”
Sasol will retain its primary listing on the Johannesburg Stock Exchange (JSE) and its listing on the New York Stock Exchange (NYSE) and its issued share capital will be unaffected by the secondary listing on A2X.
“Sasol’s listing on A2X does not affect its primary listing on the JSE or its listing on the NYSE,” added Victor.
A2X is regulated by the Financial Sector Conduct Authority in terms of the Financial Markets Act 19 of 2012. Among the benefits the listing on A2X offers are:
- No cost to list on A2X or ongoing fees to be listed;
- Lower transaction costs for shareholders thereby generating material savings for the end investor; and
- A contingency plan in that should one market experience issues, a company’s shares will still be available for trade.
Sasol may, in this document, make certain statements that are not historical facts that relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, executing our growth projects (including LCCP), oil and gas reserves and cost reductions, including in connection with our BPEP, RP and our business performance outlook. Words such as “believe”, “anticipate”, “expect”, “intend", “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast” and “project” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors are discussed more fully in our most recent annual report on Form 20-F filed on 28 August 2018 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
Please note: One billion is defined as one thousand million. bbl – barrel, bscf – billion standard cubic feet, mmscf – million standard cubic feet, oil references brent crude, mmboe – million barrels oil equivalent. All references to years refer to the financial year 30 June. Any reference to a calendar year is prefaced by the word “calendar”.