Results Of The Annual General Meeting Of Sasol Held On 22 November 2013
JOHANNESBURG, South Africa, Nov. 22, 2013 /PRNewswire/ -- Sasol shareholders are advised that the results of the business conducted at the annual general meeting held on Friday 22 November 2013 in Parktown, Johannesburg, South Africa (including a percentage of the total number of shares voted) are as follows:
1. Annual general meeting
1.1. The audited annual financial statements of the Company, including the reports of the directors, external auditors, audit committee and the nomination, governance, social and ethics committee for the financial year ended 30 June 2013 were presented.
1.2. Ms V N Fakude, Dr M S V Gantsho, Ms I N Mkhize and Mr M J N Njeke
retired by rotation at the meeting in terms of clause 22.2.1 of the Company's Memorandum of Incorporation ("Sasol's MOI") and were re-elected individually for a further term of office:
| Directors |
For |
Against |
Abstain |
| V N Fakude |
99.96% |
0.04% |
829,300 |
| M S V Gantsho |
98.66% |
1.34% |
1,265,525 |
| I N Mkhize |
99.96% |
0.04% |
828,478 |
| M J N Njeke |
91.12% |
8.88% |
894,957 |
1.3. Mr P Victor was appointed by the Board in terms of clause 22.4.1 of Sasol's MOI during the course of the year, he retired at the annual general meeting and was elected for a further term:
| Directors |
For |
Against |
Abstain |
| P Victor |
99.97% |
0.03% |
833,202 |
1.4. PricewaterhouseCoopers Incorporated was appointed as auditors of the Company until the next annual general meeting.
| For |
Against |
Abstain |
| 99.96% |
0.04% |
616,822 |
1.5. The members of the audit committee, Mr C Beggs, Ms I N Mkhize, Mr M J N Njeke and Mr S Westwell were elected individually for the ensuing financial year in terms of sections 94(4) and 94(5) of the Companies Act, 2008 ("the Act"), read with Regulation 42 of the Companies Regulations, 2011:
| Directors |
For |
Against |
Abstain |
| C Beggs |
99.96% |
0.04% |
840,619 |
| I N Mkhize |
99.97% |
0.03% |
844,104 |
| M J N Njeke |
93.05% |
6.95% |
840,191 |
| S Westwell |
99.97% |
0.03% |
840,995 |
1.6. A non-binding advisory endorsement on the Company's remuneration policy for the year ending 30 June 2014 was obtained:
| For |
Against |
Abstain |
| 69.94% |
30.06% |
8,038,795 |
1.7. Special Resolution number 1 approving the revised annual remuneration payable by the Company to non-executive directors of the Company for their services as directors with effect from 1 July 2013, was approved:
| For |
Against |
Abstain |
| 93.83% |
6.17% |
81,812,694 |
1.8. Special Resolution number 2 to authorise the Board, subject to compliance with the requirements of Sasol's MOI, section 48 of the Act and the JSE Limited Listings Requirements ("Listings Requirements"), to approve the general repurchase by the Company or purchase by any of its subsidiaries of any of the Company's ordinary shares and/or Sasol BEE ordinary shares, was approved:
| For |
Against |
Abstain |
| 99.99% |
0.01% |
3,847,022 |
1.9. Special Resolution number 3 to authorise the Board to approve the purchase by the Company of its issued shares from a director and/or a prescribed officer of the Company, and/or person related to a director or prescribed officer of the Company, subject to the provisions of Sasol's MOI, the Act and the Listings Requirements, was approved:
| For |
Against |
Abstain |
| 99.39% |
0.61% |
2,831,685 |
Sponsor: Deutsche Securities (SA) Proprietary Limited
Contact:
Sasol Investor Relations Team
Tel.: +27 (0)11 441 3113
SOURCE Sasol
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