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Dealings in Securities

Published: 2023-12-14 16:43:32 ET
<<<  go to JSE:SOL company page
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, the Company, Equity issuer)

Sasol Financing Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1998/019838/06)
Company code: SFIE
LEI: 378900A5BC68CC18C276
(Sasol Financing, Debt issuer)

DEALINGS IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERS OF
SASOL LIMITED, THE COMPANY SECRETARY AND DIRECTORS OF MAJOR
SUBSIDIARIES OF SASOL LIMITED

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements
(Listings Requirements), the following information is disclosed relating to dealings in
securities of Sasol by the Executive Directors and Prescribed Officers of Sasol, its
Company Secretary and Directors of its major subsidiaries.

The persons below have transacted in securities awarded and accepted in 2020 in terms
of the rules of the Sasol 2016 Long-Term Incentive (LTI) plan (Plan).

The 2020 award partly vested at the achievement of corporate performance targets
(CPTs) of 67,34%. The balance of the LTI award made in 2020 will vest in 2025 subject to
the rules of the Plan.

Participants have the option to retain all shares; sell sufficient shares to cover the tax
liability and retain the balance thereof; or, to sell the vested shares. Directors and
Prescribed Officers have to adhere to minimum shareholding requirements. The dealings
are as set out below.

 Transaction date:                 11 December 2023
 Class of securities:              Sasol ordinary shares
 Issue price per share:            R0,00
 Nature of transaction:            Retention of vested shares off-market
 Nature and extent of interest:    Direct beneficial

 Name            Company and designation                 Number      Price per   Total value of
                                                        of shares      share    the transaction
                                                                      (ZAR)1         (ZAR)
 B Baijnath      Sasol South Africa Limited: Director       5 831        205,44    1 197 920,64
                 Sasol Oil (Pty) Ltd: Director
 S Baloyi        Sasol Limited: Prescribed officer          4 956          205,44   1 018 160,64

 F R Grobler     Sasol Limited: Director                   20 796          205,44   4 272 330,24
    V D Kahla            Sasol Limited: Director                                     8 770               205,44           1 801 708,80
                         Sasol Oil (Pty) Ltd: Director
                         Sasol South Africa Limited: Director
    C K Mokoena          Sasol Limited: Prescribed officer                           2 500               205,44                  513 600
                         Sasol South Africa Limited: Director
                         Sasol Oil (Pty) Ltd: Director
    H Wenhold            Sasol Limited: Prescribed officer                           7 756               205,44           1 593 392,64

    1. Vesting price


    Transaction date:                            11 December 2023
    Class of securities:                         Sasol ordinary shares
    Issue price per share:                       R0,00
    Nature of transaction:                       Sale of vested shares on-market
    Nature and extent of interest:               Direct beneficial

    Name                     Company and designation                          Number of           Selling Price  Total value of
                                                                               shares              per share    the transaction
                                                                                                     (ZAR)1          (ZAR)
    B Baijnath               Sasol South Africa Limited:                              5 880            185,8249    1 092 650,41
                             Director
                             Sasol Oil (Pty) Ltd: Director
    S Baloyi3                Sasol Limited: Prescribed officer                        5 108             185,8249               949 193,59
    D C Cronje               Sasol Oil (Pty) Ltd: Director                           10 563             185,8249             1 962 868,42
    M du Toit                Sasol Limited: Company                                  11 920             185,8249             2 215 032,81
                             Secretary
                             Sasol South Africa Limited:
                             Company Secretary
    F R Grobler3             Sasol Limited: Director                                 20 976             185,8249             3 897 863,10
    V D Kahla2               Sasol Limited: Director                                  8 937             185,8249             1 660 717,13
                             Sasol Oil (Pty) Ltd: Director
                             Sasol South Africa Limited:
                             Director
    R M Laxa                 Sasol South Africa Limited:                             12 000             185,8249             2 229 898,80
                             Director
    C K Mokoena2             Sasol Limited: Prescribed officer                       12 045             185,8249             2 238 260,92
                             Sasol South Africa Limited:
                             Director Sasol Oil (Pty) Ltd:
                             Director
    D T Mokomela             Sasol South Africa Limited:                              5 809             185,8249             1 079 456,84
                             Director
    N G Nndwammbi            Sasol Oil (Pty) Ltd: Director                           10 034             185,8249             1 864 567,05
                             Sasol South Africa Limited:
                             Director
    M L Powys                Sasol South Africa Limited:                              8 794             185,8249             1 634 144,17
                             Director
    N Stofberg               Sasol Chemicals (USA) LLC:                              11 516             185,8249             2 139 959,55
                             Director
    H Wenhold3               Sasol Limited: Prescribed officer                        7 821             185,8249             1 453 336,54
1
  Average selling price per share is based on transactions effected by the Company from 4 to 11 December 2023. Proceeds are
  allocated to the shares sold by Directors / Prescribed Officers, as with all participants, based on the outcome of the bulk sale.
2
  Have achieved the required level of minimum shareholding and therefore are permitted to sell vested shares.
3
  In terms of the MSR policy, Directors and Prescribed Officers may sell vested shares to cover the taxation and transaction cost on the
  LTI award.
The highest and lowest prices, as well as the VWAP price for the days of trading are as follows:

    Date                                   Highest price          Lowest price            Volume Weighted Average Price
                                           (ZAR)                  (ZAR)                   (ZAR)
    4 to 11 December 2023                  206,0000               170,1000                185,8249

    Transaction date:                             8 December 2023
    Class of securities:                          Sasol American Depositary Receipts (ADR) each representing one
                                                  Sasol ordinary share
    Issue price per share:                        USD0,00
    Nature of transaction:                        Retention of vested shares off-market
    Nature and extent of interest:                Direct beneficial

    Name                    Company and designation                                 Number           Price per           Total value of
                                                                                   of shares          share             the transaction
                                                                                                      (USD)                  (USD)
    B V Griffith            Sasol Limited: Prescribed officer                           10 952            11,21               122 771,92
                            Sasol Chemicals (USA) LLC: Director

    Transaction date:                              8 December 2023
    Class of securities:                           Sasol American Depositary Receipts (ADR) each representing one
                                                   Sasol ordinary share
    Issue price per share:                         USD0,00
    Nature of transaction:                         Sale of vested shares on-market
    Nature and extent of interest:                 Direct beneficial

    Name                        Company and designation                                Number            Selling   Total value of
                                                                                         of             Price per        the
                                                                                       shares             share     transaction
                                                                                                         (USD)1        (USD)
    B V Griffith2               Sasol Limited: Prescribed officer                          5 641           10,0571      56 732,10
                                Sasol Chemicals (USA) LLC: Director
    E Stouder                   Sasol Chemicals (USA) LLC: Director                       15 295           10,0571            153 823,34

1
    Average selling price per share is based on transactions effected by the Company from 4 to 8 December 2023. Proceeds are allocated
    to the shares sold by directors / prescribed officers, as with all employees, based on the outcome of the bulk sale.
2
    In terms of the MSR policy, Directors and Prescribed Officers may sell vested shares to cover the taxation and transaction cost on the
    LTI award.


The highest and lowest prices, as well as the VWAP price for the days of trading are as follows:

    Date                                                      Highest            Lowest              Volume Weighted Average
                                                              price              price               Price
                                                              (USD)              (USD)               (USD)
    4 to 8 December 2023                                      10,8300            9,4300              10,0571

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

14 December 2023
Sandton

Equity Sponsor: Merrill Lynch South Africa (Pty) Limited t/a BofA Securities

Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)