Sasol Ltd 6-K, filed May 22, 2020
Sasol Ltd (SSL)
6-K
2020-05-22
For: 2020-05-22
View Original
Added on
April 11, 2026
About this 6-K
Sasol Ltd filed this 6-K on May 22, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
Report on Form 6-K for May, 2020
Commission File Number 1-31615
Sasol Limited
50 Katherine Street
Sandton 2196
South Africa
(Name and address of registrant’s principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.
Form 20-F __X__
Form 40-F _____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1):
Regulation S-T Rule 101(b)(1):
Yes _____
No __X__
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7):
Regulation S-T Rule 101(b)(7):
Yes _____
No __X__
Indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934.
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934.
Yes _____
No __X__
Enclosures: SASOL LIMITED | FURTHER CAUTIONARY ANNOUNCEMENT &
TRADING STATEMENT FOR THE FINANCIAL YEAR ENDING 30 JUNE 2020
Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes:
(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”)
FURTHER CAUTIONARY ANNOUNCEMENT
Sasol refers to the cautionary announcements released on the Stock Exchange News Service on
17 March 2020 and 31 March 2020, outlining a comprehensive response strategy designed to mitigate
the impact of COVID-19 and a lower oil price. The strategy includes a cash conservation programme,
an accelerated and expanded asset disposal and partnering programme, as well as a potential rights
issue of up to US$2 billion, which remains subject to the progress of other initiatives.
Sasol shareholders are advised that implementation of the response strategy is underway, the outcome
of which may have a material effect on the price of the Company’s securities. Accordingly, shareholders
are advised to continue exercising caution when dealing in the Company’s securities until full
announcements on the asset disposal and partnering programme and the potential rights issue are
made.
TRADING STATEMENT FOR THE FINANCIAL YEAR ENDING 30 JUNE 2020
FURTHER CAUTIONARY ANNOUNCEMENT
Sasol refers to the cautionary announcements released on the Stock Exchange News Service on
17 March 2020 and 31 March 2020, outlining a comprehensive response strategy designed to mitigate
the impact of COVID-19 and a lower oil price. The strategy includes a cash conservation programme,
an accelerated and expanded asset disposal and partnering programme, as well as a potential rights
issue of up to US$2 billion, which remains subject to the progress of other initiatives.
Sasol shareholders are advised that implementation of the response strategy is underway, the outcome
of which may have a material effect on the price of the Company’s securities. Accordingly, shareholders
are advised to continue exercising caution when dealing in the Company’s securities until full
announcements on the asset disposal and partnering programme and the potential rights issue are
made.
TRADING STATEMENT FOR THE FINANCIAL YEAR ENDING 30 JUNE 2020
Sasol shareholders are also advised that for the financial year ending 30 June 2020 (FY20) headline
earnings per share (HEPS) are expected to decrease by at least 20%, compared to the HEPS of
R30,72 reported for the year ended 30 June 2019 (the comparative period). Earnings per share (EPS)
are also expected to decrease by at least 20%, compared to EPS of R6,97 reported for the comparative
period.
earnings per share (HEPS) are expected to decrease by at least 20%, compared to the HEPS of
R30,72 reported for the year ended 30 June 2019 (the comparative period). Earnings per share (EPS)
are also expected to decrease by at least 20%, compared to EPS of R6,97 reported for the comparative
period.
Our FY20 results may be impacted further by adjustments resulting from the year-end closure process,
which may result in a change in the estimated EPS and HEPS noted above. A comprehensive trading
statement will be published as soon as there is more certainty with respect to the ranges of the
decrease in HEPS and EPS.
The financial information on which this trading statement is based has not been reviewed and reported
on by the Company's external auditors. Sasol's audited FY20 results will be announced on Monday,
17 August 2020.
22 May 2020
Johannesburg
Sponsor: Merrill Lynch South Africa Proprietary Limited
which may result in a change in the estimated EPS and HEPS noted above. A comprehensive trading
statement will be published as soon as there is more certainty with respect to the ranges of the
decrease in HEPS and EPS.
The financial information on which this trading statement is based has not been reviewed and reported
on by the Company's external auditors. Sasol's audited FY20 results will be announced on Monday,
17 August 2020.
22 May 2020
Johannesburg
Sponsor: Merrill Lynch South Africa Proprietary Limited
Disclaimer - Forward-looking statements
Sasol may, in this document, make certain statements that are not historical facts and relate to
analyses and other information which are based on forecasts of future results and estimates of
amounts not yet determinable. These statements may also relate to our future prospects, expectations,
developments and business strategies. Examples of such forward-looking statements include, but are
not limited to, statements regarding exchange rate fluctuations, expectations regarding future cash flow,
Sasol’s ability to meet its debt covenants, Sasol’s ability to achieve the cost savings or complete its
asset disposal programme, the actions referred to herein intended to strengthen Sasol’s balance sheet
and to maintain profitability at lower oil prices and business performance outlook. Words such as
“believe”, “anticipate”, “expect”, “intend", “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”,
“forecast” and “project” and similar expressions are intended to identify such forward-looking
statements, but are not the exclusive means of identifying such statements. By their very nature,
forward-looking statements involve inherent risks and uncertainties, both general and specific, and
there are risks that the predictions, forecasts, projections and other forward-looking statements will not
be achieved. If one or more of these risks materialise, or should underlying assumptions prove
incorrect, our actual results may differ materially from those anticipated. You should understand that a
number of important factors could cause actual results to differ materially from the plans, objectives,
expectations, estimates and intentions expressed in such forward-looking statements. These factors
and others are discussed more fully in our most recent annual report on Form 20-F filed on 28 October
2019 and in other filings with the United States Securities and Exchange Commission. The list of
factors discussed therein is not exhaustive; when relying on forward-looking statements to make
investment decisions, you should carefully consider both these factors and other uncertainties and
events. Forward-looking statements apply only as of the date on which they are made, and we do not
undertake any obligation to update or revise any of them, whether as a result of new information, future
events or otherwise.
analyses and other information which are based on forecasts of future results and estimates of
amounts not yet determinable. These statements may also relate to our future prospects, expectations,
developments and business strategies. Examples of such forward-looking statements include, but are
not limited to, statements regarding exchange rate fluctuations, expectations regarding future cash flow,
Sasol’s ability to meet its debt covenants, Sasol’s ability to achieve the cost savings or complete its
asset disposal programme, the actions referred to herein intended to strengthen Sasol’s balance sheet
and to maintain profitability at lower oil prices and business performance outlook. Words such as
“believe”, “anticipate”, “expect”, “intend", “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”,
“forecast” and “project” and similar expressions are intended to identify such forward-looking
statements, but are not the exclusive means of identifying such statements. By their very nature,
forward-looking statements involve inherent risks and uncertainties, both general and specific, and
there are risks that the predictions, forecasts, projections and other forward-looking statements will not
be achieved. If one or more of these risks materialise, or should underlying assumptions prove
incorrect, our actual results may differ materially from those anticipated. You should understand that a
number of important factors could cause actual results to differ materially from the plans, objectives,
expectations, estimates and intentions expressed in such forward-looking statements. These factors
and others are discussed more fully in our most recent annual report on Form 20-F filed on 28 October
2019 and in other filings with the United States Securities and Exchange Commission. The list of
factors discussed therein is not exhaustive; when relying on forward-looking statements to make
investment decisions, you should carefully consider both these factors and other uncertainties and
events. Forward-looking statements apply only as of the date on which they are made, and we do not
undertake any obligation to update or revise any of them, whether as a result of new information, future
events or otherwise.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Sasol Limited,
has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: 22 May 2020
has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: 22 May 2020
By:
/s/ M M L Mokoka
Name:
M M L Mokoka
Title:
Company Secretary