Our new R21 billion B-BBEE possession construction – Value from day one
What are you able to anticipate from Sasol Khanyisa as an current Sasol Inzalo Public shareholder?
SHAREHOLDER LUCAS Lucas purchased 100 Sasol Inzalo Public shares at R18.30 per share in 2008. Although Lucas solely paid R18.30 per share, the worth of his share on the time was R366 per share. Third-party funders lent cash to Sasol Inzalo Public to cowl the distinction between the worth of Lucas’ share (R366) and the quantity he paid for the share (R18.30).
The Sasol share value efficiency was impacted by decrease crude oil costs and different macro-economic dynamics and, sadly, no web worth has been created. Sasol Inzalo will unwind in mid-2019.
Sasol has launched Sasol Khanyisa as a brand new B-BBEE possession construction and desires to encourage Lucas to take part within the new transaction. Once Sasol shareholders have permitted Sasol Khanyisa in November 2019, Lucas will obtain an invite to take part in Sasol Khanyisa without charge to him.
In April 2019, ought to Lucas select to take part, he’ll obtain 100 Sasol Khanyisa Public shares, funded solely by Sasol. In addition, Lucas will obtain 10 SOLBE1 shares (Sasol shares buying and selling on the Empowerment Segment of the JSE) without charge to him. These SOLBE1 shares are instantly tradeable as soon as issued on 1 June 2019.
At a SOLBE1 share value of R330 per share, this implies Lucas will obtain worth of R3 300 on day one.
Long-term profit: Thandi’s 100 Sasol Khanyisa Public shares can be held till 2028, at which level they are going to be exchanged for SOLBE1 shares. Thandi can then resolve to maintain the SOLBE1 shares as an funding to obtain dividends, or promote the shares as she prefers.
SASOL INZALO FUNDED OFFER
EXISTING SASOL INZALO PUBLIC SHAREHOLDERS WHO ELECT TO PARTICIPATE IN SASOL KHANYISA
• Lucas receives 100 Sasol Khanyisa shares for each 100 Sasol Inzalo Public shares held • And 10 SOLBE1 shares without charge (1:10) • Lucas now owns 10 SOLBE1 shares and 100 Sasol Khanyisa Public shares • Assumed worth of 10 SOLBE1 shares
IN 2028 SASOL KHANYISA PUBLIC SHARES WILL BECOME SOLBE1 SHARES TO BE KEPT OR TRADED AS PREFERRED
Immediate profit: On 1 June 2019, if Lucas elects to take part in Sasol Khanyisa, he may have 10 SOLBE1 shares value R3 300 (assuming R330 per share) that he can preserve as an funding to obtain dividends, or promote as he prefers.
Long-term profit: Lucas’ 100 Sasol Khanyisa Public shares can be held till the tip of the ten-year interval, at which level they are going to be exchanged for SOLBE1 shares. Lucas can then resolve to maintain the SOLBE1 shares as an funding to obtain dividends, or promote the shares as he prefers.
Sasol Khanyisa shares are funded by Sasol. Most of the dividend stream can be used to repay the funding price.
All SOLBE1 shares, issued without charge, are tradeable from date of problem – 1 June ‘18. Sasol Khanyisa can be topic to Sasol shareholder approval later this yr
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