SASOL LIMITED - Grant and Acceptance of Conditional Share Awards

2017-10-12 16:50:00

SOL SOLBE1 201710120051A
Grant and Acceptance of Conditional Share Awards

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”)

GRANT AND ACCEPTANCE OF CONDITIONAL SHARE AWARDS BY DIRECTORS
AND THE COMPANY SECRETARY OF SASOL, AND DIRECTORS AND THE
COMPANY SECRETARY OF TWO MAJOR SUBSIDIARIES OF SASOL

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited
Listings Requirements, Sasol hereby announces that the
directors and the Company Secretary of Sasol, and directors
and the Company Secretary of two major subsidiaries of Sasol,
have been granted, and have accepted, conditional share awards
in terms of the Sasol Long-Term Incentive Plan (“the Plan”
and/or “LTI”, as appropriate).

The Board or the Sasol Remuneration Committee, as appropriate,
approved the share awards made on 22 September 2017. In terms
of the rules of the Plan, the participants have to decline
such an award within ten business days after the award date,
failing which the award will be deemed to have been accepted.

The rules of the LTI Plan are available on the Sasol website
www.sasol.com.

Company Secretary, Sasol      V D Kahla
Limited
Director
Subsidiaries                  Sasol South Africa (Pty) Ltd and
                              Sasol (USA) Corporation
Award date                    22 September 2017
Deemed Acceptance date        9 October 2017
Number of securities          17 548
Class of securities           Sasol ordinary shares
Vesting periods               50% after 3 years and the balance
                              after 5 years
Nature of transaction         Annual LTI Award (off-market)
Price per share*              R378
Total value of transaction*   R6 633 144
Nature and extent of
director’s interest           Direct beneficial
Clearance obtained            Yes

Director                      P Victor
Company                       Sasol Limited
Subsidiary                    Sasol (USA) Corporation
                              Sasol (USA) Corporation
Award date                    22 September 2017
Deemed Acceptance date        9 October 2017
Number of securities          25 396
Class of securities           Sasol ordinary shares
Vesting periods               50% after 3 years and the balance
                              after 5 years
Nature of transaction         Annual LTI Award (off-market)
Price per share*              R378
Total value of transaction*   R9 599 688
Nature and extent of
director’s interest           Direct beneficial
Clearance obtained            Yes

Director                      B Baijnath
Subsidiary                    Sasol South Africa (Pty) Ltd
Award date                    22 September 2017
Deemed Acceptance date        9 October 2017
Number of securities          5 172
Vesting periods               50% after 3 years and the balance
                              after 5 years
Class of securities           Sasol ordinary shares
Nature of transaction         Annual LTI Award (off-market)
Price per share*              R378
Total value of transaction*   R1 955 016
Nature and extent of
director’s interest           Direct beneficial
Clearance obtained            Yes

Director                      F R Grobler
Subsidiary                    Sasol South Africa (Pty) Ltd
Award date                    22 September 2017
Deemed Acceptance date        9 October 2017
Number of securities          16 109
Vesting periods               50% after 3 years and the balance
                              after 5 years
Class of securities           Sasol ordinary shares
Nature of transaction         Annual LTI Award (off-market)
Price per share*              R378
Total value of transaction*   R6 089 202
Nature and extent of
director’s interest           Direct beneficial
Clearance obtained            Yes

Company Secretary, Sasol      F Hoosain
South Africa (Pty) Ltd
Award date                    22 September 2017
Deemed Acceptance date        9 October 2017
Number of securities          5 856
Vesting periods               50% after 3 years and the balance
                              after 5 years
Class of securities           Sasol ordinary shares
Nature of transaction         Annual LTI Award (off-market)
Price per share*              R378
Total value of transaction*   R2 213 568
Nature and extent of
director’s interest           Direct beneficial
Clearance obtained            Yes

Director                      B E Klingenberg
Subsidiary                    Sasol South Africa (Pty) Ltd
Award date                    22 September 2017
Deemed Acceptance date        9 October 2017
Number of securities          20 945
Vesting periods               50% after 3 years and the balance
                              after 5 years
Class of securities           Sasol ordinary shares
Nature of transaction         Annual LTI Award (off-market)
Price per share*              R378
Total value of transaction*   R7 917 210
Nature and extent of
director’s interest           Direct beneficial
Clearance obtained            Yes

Director                      R M Laxa
Subsidiary                    Sasol South Africa (Pty) Ltd
Award date                    22 September 2017
Deemed Acceptance date        9 October 2017
Number of securities          6 344
Class of securities           Sasol ordinary shares
Vesting periods               50% after 3 years and the balance
                              after 5 years
Nature of transaction         Annual LTI Award (off-market)
Price per share*              R378
Total value of transaction*   R2 398 032
Nature and extent of
director’s interest           Direct beneficial
Clearance obtained            Yes

Director                      F E J Malherbe
Subsidiary                    Sasol South Africa (Pty) Ltd
Award date                    22 September 2017
Deemed Acceptance date        9 October 2017
Number of securities          7 320
Class of securities           Sasol ordinary shares
Vesting periods               50% after 3 years and the balance
                              after 5 years
Nature of transaction         Annual LTI Award (off-market)
Price per share*              R378
Total value of transaction*   R2 766 960
Nature and extent of
director’s interest           Direct beneficial
Clearance obtained            Yes

Director                      M Sieberhagen
Subsidiary                    Sasol South Africa (Pty) Ltd
Award date                    22 September 2017
Deemed Acceptance date        9 October 2017
Number of securities          7 320
Vesting periods               50% after 3 years and the balance
                              after 5 years
Class of securities           Sasol ordinary shares
Nature of transaction         Annual LTI Award (off-market)
Price per share*              R378
Total value of transaction*   R2 766 960
Nature and extent of
director’s interest           Direct beneficial
Clearance obtained            Yes

Director                      L J Fourie
Subsidiary                    Sasol South Africa (Pty) Ltd
Award date                    22 September 2017
Deemed acceptance date        9 October 2017
Number of securities          6 344
Vesting periods               50% after 3 years and the balance
                              after 5 years
Class of securities           Sasol ordinary shares
Nature of transaction         Annual LTI Award (off-market)
Price per share*              R378
Total value of transaction*   R2 398 032
Nature and extent of
director’s interest           Direct beneficial
Clearance obtained            Yes

Director                      B Nqwababa
Company                       Sasol Limited
Award date                    22 September 2017
Deemed Acceptance date        9 October 2017
Number of securities          42 328
Vesting periods               50% after 3 years and the balance
                              after 5 years
Class of securities           Sasol ordinary shares
Nature of transaction         Annual LTI Award (off-market)
Price per share*              R378
Total value of transaction*   R15 999 984
Nature and extent of
director’s interest           Direct beneficial
Clearance obtained            Yes

Director                      S R Cornell
Company                       Sasol Limited
Award date                    22 September 2017
Deemed Acceptance date        9 October 2017
Number of securities          42 372
Vesting periods               50% after 3 years and the balance
                              after 5 years
Class of securities           Sasol American Depository
                              Receipts
Nature of transaction         Annual LTI Award (off-market)
Price per share*              US$28.32
Total value of transaction*   US$1 199 975
Nature and extent of
director’s interest           Direct beneficial
Clearance obtained            Yes

Director                      B V Griffith
Subsidiary                    Sasol South Africa (Pty) Ltd
Award date                    22 September 2017
Deemed Acceptance date        9 October 2017
Number of securities          8 578
Vesting periods               50% after 3 years and the balance
                              after 5 years
Class of securities           Sasol American Depository
                              Receipts
Nature of transaction         Annual LTI Award (off-market)
Price per share*              US$28.32
Total value of transaction*   US$242 929
Nature and extent of
director’s interest           Direct beneficial
Clearance obtained            Yes

Director                      P R Manoogian
Subsidiary                    Sasol South Africa (Pty) Ltd
Award date                    22 September 2017
Deemed Acceptance date        9 October 2017
Number of securities          11 303
Vesting periods               50% after 3 years and the balance
                              after 5 years
Class of securities           Sasol American Depository
                              Receipts
Nature of transaction         Annual and Special Retention LTI
                              Awards(off-market)
Price per share*              US$28.32
Total value of transaction*   US$320 101
Nature and extent of
director’s interest           Direct beneficial
Clearance obtained            Yes

Director                      M Thomas
Subsidiary                    Sasol (USA) Corporation
Award date                    22 September 2017
Deemed Acceptance date        9 October 2017
Number of securities          6 559
Vesting periods               50% after 3 years and the balance
                              after 5 years
Class of securities           Sasol American Depository
                              Receipts
Nature of transaction         Annual LTI Award (off-market)
Price per share*              US$28.32
Total value of transaction*   US$185 751
Nature and extent of
director’s interest           Direct beneficial
Clearance obtained            Yes

*Strike price per share is nil. The Price per share indicated
is the closing price of the Sasol Ordinary Share / ADR on 21
September 2017, the day before the grant was made (R378 or
US$28.32) which was used to calculate the number of shares /
ADRs.
The total transaction value is the Price per share multiplied
by the number of shares / ADRs awarded.


12 October 2017
Johannesburg

Sponsor: Deutsche Securities (SA) Proprietary Limited

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