JOHANNESBURG, March 4, 2019 /PRNewswire/ -- Shareholders are referred to the separate class meeting of SOLBE1 shareholders and to the annual general meeting of holders of Sasol ordinary shares held on 16 November 2018, during which meetings various approvals were obtained to allow Sasol to adopt the BEE Verification Agent Process instead of the BEE Contract Verification Process to determine whether prospective purchasers of SOLBE1 shares are BEE Compliant Persons for purposes of trading in and owning SOLBE1 shares.
Pursuant to the above approvals, Sasol will be implementing the BEE Verification Agent Process with effect from Monday, 11 March 2019 (Implementation Date).
The implementation of the BEE Verification Agent Process means that, with effect from the Implementation Date:
- All BEE Contracts entered into by SOLBE1 shareholders will terminate and the signing of a BEE Contract by a prospective purchaser of SOLBE1 share will no longer be required;
- All parties wishing to trade in SOLBE1 shares will now be verified by the BEE Verification Agent; and
- The rights and obligations of all SOLBE1 shareholders will be governed by the provisions of Schedule 6 of Sasol's memorandum of incorporation.
Sasol has appointed Computershare Investor Services (Pty) Limited as the BEE Verification Agent in compliance with paragraph 4.32 of the JSE Listings Requirements. The BEE Verification Agent's contact details are:
Call centre number: 0800 000 222
The guidelines for the BEE Verification Agent process are available on Sasol's website at: https://www.sasol.com/sites/default/files/content/files/SOLBE1%20verification%20guidelines%20cm%20comments%20010032019%20FINAL.PDF
Moveshen Moodley, Chief Investor Relations Officer
Direct telephone: +27(0) 10 344 8052