09 Jun - 3 min read
Dealings in securities by directors of major subsidiaries of Sasol
Dealings in securities by directors of major subsidiaries of Sasol 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” or “Company”) DEALINGS IN SECURITIES BY DIRECTORS OF MAJOR SUBSIDIARIES OF SASOL In compliance with paragraph 3.63 to 3.66 of the JSE Limited Listings Requirements (“Listings Requirements”), Sasol hereby announces that directors of major subsidiaries of Sasol have transacted in Sasol securities in terms of the Sasol Khanyisa ESOP Trust deed as set out in the tables below: Vesting date: 1 June 2021 Class of shares: Sasol ordinary shares Initial issue price per right: R0,00 Nature of Transaction: Retention of vested shares off-market Nature and extent of interest: Direct beneficial Surname and Subsidiary Number Price per Total value of initials of shares share the transaction (ZAR) (ZAR) NG Nndwammbi Sasol South Africa Limited 124 318,18 39 454,32 Sasol Oil (Pty) Ltd RM Laxa Sasol South Africa Limited 108 318,18 34 363,44 DT Mokomela Sasol South Africa Limited 205 318,18 65 226,90 Vesting date: 1 June 2021 Transaction date: 1 June 2021 to 7 June 2021 Class of shares: Sasol ordinary shares Initial issue price per right: R0,00 Nature of Transaction: Sale of vested shares on-market Nature and extent of interest: Direct beneficial Surname and Subsidiary Number Average Total value of initials of shares Selling the transaction Price per (ZAR) share (ZAR)* B Baijnath Sasol South Africa Limited 205 234,3764 48 047,16 Sasol Oil (Pty) Ltd NG Nndwammbi Sasol South Africa Limited 108 234,3764 25 312,65 Sasol Oil (Pty) Ltd T Booley Sasol South Africa Limited 205 234,3764 48 047,16 RM Laxa Sasol South Africa Limited 97 234,3764 22 734,51 * Average selling price per share is based on transactions effected by the Company over a period of five days. The shares were allotted on the day of vesting and immediately sold by means of a bulk sale with effect from the vesting date. Proceeds are allocated to the shares sold by directors, as with all employees, based on the outcome of the bulk sale, which concluded on 7 June 2021. The highest and lowest prices, as well as VWAP prices for each day were as follows: Date Highest price Lowest price Volume (ZAR) (ZAR) Weighted Average Price (ZAR) 1 June 2021 240,00 229,00 236,4856 2 June 2021 248,52 239,70 243,8913 3 June 2021 242,98 235,00 235,9593 4 June 2021 235,21 230,58 231,1981 7 June 2021 235,41 232,40 233,6576 In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal has been obtained for all the transactions set out above. 9 June 2021 Sandton Sponsor: Merrill Lynch South Africa Proprietary Limited Date: 09-06-2021 11:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.