SASOL KHANYISA · Ordinary shares and Sasol BEE Ordinary (SOLBE1) shares. Sasol Khanyisa is a...
Transcript of SASOL KHANYISA · Ordinary shares and Sasol BEE Ordinary (SOLBE1) shares. Sasol Khanyisa is a...
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SASOLKHANYISA
Information Booklet
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KHANYISA SASOL
CONTENTSWELCOME5UNDERSTANDING SHARES6
WHAT HAPPENS IF YOU DIE?
YOUR SASOL KHANYISA INVESTMENT 8
MANAGING YOUR INVESTMENT
HOW DO YOU TRADE YOUR SOLBE1 SHARES?11
This information booklet will assist you in managing your Sasol BEE Ordinary (SOLBE1) and Sasol South Africa Khanyisa Ordinary shares.
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Dear Shareholder
Welcome to Sasol Khanyisa.You are the owner of Sasol Khanyisa Ordinary shares and Sasol BEE Ordinary (SOLBE1) shares.
Sasol Khanyisa is a Broad-Based Black Economic Empowerment ownership structure with approximately 230 000 shareholders owning shares in Sasol South Africa (SSA) contributing towards the 25% direct and indirect B-BBEE ownership in SSA.
In designing Sasol Khanyisa, we have reviewed many of the larger B-BBEE transactions in South Africa, and have designed Sasol Khanyisa to incorporate what we consider to be the most appropriate scheme with the best features.
The most notable characteristic of Sasol Khanyisa is that your Khanyisa share ownership will ultimately be in SSA, which is a subsidiary of Sasol Limited.
SSA is Sasol’s largest operating company and houses our synthetic fuels, chemicals and gas operations, which are currently strong, cash generative assets.
This information booklet will assist you in managing your Sasol Khanyisa investment, and answer some common questions.
WELCOMEWELCOME TO SASOL KHANYISA
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UNDERSTANDING SHARES
SASOL SHARE TYPES
A share is a unit of ownership in a company
As a shareholder in a company, you can earn an income from your shares in the form of dividends.
Sasol has three types of shares:
Company Shares
Sasol BEE Ordinary shares and Sasol Khanyisa Ordinary shares
Share prices move up and down daily and the price is determined by many internal and external factors
If the supply of a share exceeds demand (there are lots of shares available) the price will tend to decrease. If the supply of a share is lower than the demand (lots of people want to buy shares but there are not a lot of shares available) the price of the share will tend to increase.
Share prices can also be affected by many internal and external factors:
• Company news and performance• Industry performance• Investor sentiment• Economic factors• Short-term trends Below is an illustration of how a share price moves:
Shares are bought and sold on the JSE
The Johannesburg Stock Exchange (JSE) is the oldest existing and largest stock exchange in Africa. Sasol shares are traded here. See opposite page for more information on Sasol shares.
DID YOU
KNOW?
Most daily newspapers and weekly magazines as well as a number of internet sites quote JSE share prices.
SASOL ORDINARY (SOL) SHARES
SASOL BEE ORDINARY (SOLBE1) SHARES
SASOL KHANYISA ORDINARY SHARES
Where do they
trade? Trades on the JSE
Trades on the empowerment segment of
the JSE
Does not trade – Shareholders will not be able to sell, transfer or encumber these shares
during the life of the Sasol Khanyisa transaction
Who can trade these shares Bought or traded by anyone
Bought or traded among *Black South Africans only
Only available to Black* South Africans who
previously participated in Sasol Inzalo and elected to retain their SOLBE1
shares and accept the free share allocation
What price do they trade at?
Traded at a higher market-determined price because there are more buyers in the market
and larger volumes traded
Traded at a lower market price because there are
currently fewer buyers in the market and smaller
volumes traded
Sasol Khanyisa Ordinary shares are not publicly traded. If dividends are declared by SSA you will
receive your share of such dividends on your Sasol
Khanyisa shares
Do they earn dividends? Yes – Same declared dividends on SOLBE1 share as SOL shares.
There is no guarantee that dividends will be declared
If dividends are declared by SSA, you will receive
your share of such dividends. There is no
guarantee that dividends will be declared
*As defined by the Department of Trade and Industry’s (DTI) B-BBEE Codes
Your bonus shares that you received on 1 June 2018 are SOLBE1 shares. You can trade these from 1 June 2018
Your Sasol Khanyisa Ordinary shares have ultimate ownership in SSA and will be exchanged for SOLBE1 shares in June 2028 or earlier if the funding is repaid earlier
PLEASENOTE!
1 2 3
To find out the latest on Sasol BEE Ordinary share price
visit www.sasol.com
SupplyDemand
GeopoliticalRisks
Market Fluctuations
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Pri
ce
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YOUR SASOL
INVESTMENTKHANYISA
YOUR SASOLKHANYISAINVESTMENTYour Sasol Khanyisa share ownership is indirectly in SSA, a subsidiary of Sasol Limited
SSA houses our South African Operations (Synfuels, Chemicals and Gas businesses).
SSA will have its own Board and governance framework. A fair value of SSA will be independently calculated annually through a valuation process.
As a Sasol Khanyisa shareholder you have the right to:
1. Attend the Sasol Khanyisa Public (RF) Limited annual general meetings (AGM) and general meetings (GM); as well as the Sasol Limited AGM, as long as you own SOLBE1 shares.
2. Vote on the following matters at the AGM:
3. Appoint a proxy who can attend and vote at an AGM on your behalf if you wish to exercise your votes
• To receive and consider the annual financial statements • To elect the directors • To approve the appointment or re-appointment of the auditors for the following year• To approve any matters that require shareholder approval • Vote at the AGM on matter(s) for which the AGM was called
Secunda Synfuels
Operations
Secunda Chemicals
Operations
Sasolburg Operations
Sasol Technology
SA Base and Performance
Chemicals
Sasol Gas
SASOL SOUTH AFRICA
SASOL LIMITED
Phase 1:SOL or SOLBE1
Shares (3 years)
Phase 2:SSA Khanyisa
Shares(10 years)
SASOL KHANYISA EMPLOYEESHARE OWNERSHIP PLAN (ESOP) ~9.2%
Current SOLBE1Shares~3.2%
SSA KhanyisaShares
(10 years)~9.2%
SASOL KHANYISA PUBLIC
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MANAGING YOUR SHARES
HOW DO YOU TRADE YOUR SOLBE1SHARES?
1. Contact Computershare to place a sell instruction
2. A Call Centre agent will verify your account details
3. The Call Centre agent will verify your number of shares and start the sale process
4. Once you confirm the final confirmation of the number of shares you want to trade with the Call Centre agent, the shares are placed on the trading market
PLEASENOTE!
If a buyer cannot be found, you will need to retain your shares until such time as a buyer can be found.
5. If a buyer is matched with a seller a sale reference will be available
6. Payment is made to the seller via Electronic Funds Transfer (EFT) within five to seven working days
If you want to trade your SOLBE1 shares, please do the following:
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DECEASEDESTATES
WHAT HAPPENS IF YOU DIE?
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PLEASENOTE!
Computershare will require original certified copies of all documents or the original of all documents. This means that you should deliver the documents to Computershare physically. You can do this in person or by courier or registered mail.
If you die, your shares will be transferred to your heirs who must be a Black Person or Black controlled entity as defined in the B-BBEE Codes.
In the event of your death, the Executor of your Estate will need to inform Computershare of your death.
Computershare will need the following documents:
• Death certificate• Executor appointment letter and
ID copy • Copy of last Will and Testament, if
a Will was made• Copy of deceased’s ID document
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CONTACTDETAILS
MANAGING YOUR INVESTMENTIf you have any queries regarding your Sasol Khanyisa investment, please contact Computershare
Computershare have been appointed by Sasol and Sasol Khanyisa Public (RF) Limited to act as their Transfer Secretaries.
Computershare manages all matters relating to your shares and your personal details.
Computershare has a dedicated Call Centre with agents who will be able to assist shareholders.
Whether face-to-face or via their electronic channels, you can contact Computershare as follows:
Updating your personal details
Keeping your personal and contact details updated is important. Sasol can only communicate with you, if we have your latest information. In the event of dividends being distributed, we will need your latest bank account details.
If any of your personal details need to be updated, please advise Computershare.
Via the Call Centre :
0800 000 222 (South African calls) +27(0)11 370 7700 (International calls)
Or visit the Computershare walk-in centre:
Rosebank Towers15 Biermann AvenueRosebankJohannesburg
Or e-mail: [email protected]
For regular updates about Sasol Khanyisa, visit our website: www.sasolkhanyisa.com
STAYING INFORMED