Buy
Sell
Name Symbol Market Type
Sasol Ltd NYSE:SSL NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.36 16.51% 2.54 2.59 2.34 2.40 3,575,597 21:31:28

Sasol Limited: Sasol Announces Secondary Listing on A2X to Create Further Value for Shareholders

27/01/2020 6:30am

PR Newswire (US)


Sasol (NYSE:SSL)
Historical Stock Chart

3 Months : From Jan 2020 to Apr 2020

Click Here for more Sasol Charts.

JOHANNESBURG, Jan. 27, 2020 /PRNewswire/ -- Sasol today announced its secondary listing on A2X, which is a new independent licensed stock exchange that provides an additional trading venue for a company to secondary list their shares for trade. The company's Sasol ordinary shares (SOL) will be tradeable on the new South African platform with effect from Monday, 3 February 2020.

Sasol Chief Financial Officer, Paul Victor, said: "Sasol's decision to list on A2X is part of the company's commitment to continually find ways to increase value for shareholders as well as provide them with a variety of trading venue options."

Sasol will retain its primary listing on the Johannesburg Stock Exchange (JSE) and its listing on the New York Stock Exchange (NYSE) and its issued share capital will be unaffected by the secondary listing on A2X.

"Sasol's listing on A2X does not affect its primary listing on the JSE or its listing on the NYSE," added Victor.

A2X is regulated by the Financial Sector Conduct Authority in terms of the Financial Markets Act 19 of 2012. Among the benefits the listing on A2X offers are:

  • No cost to list on A2X or ongoing fees to be listed;
  • Lower transaction costs for shareholders thereby generating material savings for the end investor; and
  • A contingency plan in that should one market experience issues, a company's shares will still be available for trade.

About Sasol:

Sasol is a global integrated chemicals and energy company. Through our talented people, we use selected technologies to safely and sustainably source, produce and market chemical and energy products competitively to create superior value for our customers, shareholders and other stakeholders.

Issued by:

Alex Anderson,
Senior Manager: Group External Communication
Direct telephone: +27 (0) 10-344-6509; Mobile: +27 (0) 71-600-9605
alex.anderson@sasol.com 

Matebello Motloung,
Manager: Group Media Relations
Direct telephone: +27 (0) 10-344-9256; Mobile: +27 (0) 82-773-9457
matebello.motloung@sasol.com

 

 

Cision View original content:http://www.prnewswire.com/news-releases/sasol-limited-sasol-announces-secondary-listing-on-a2x-to-create-further-value-for-shareholders-300993290.html

SOURCE Sasol Limited

Copyright 2020 PR Newswire

1 Year Sasol Chart

1 Year Sasol Chart

1 Month Sasol Chart

1 Month Sasol Chart
ADVFN Advertorial
Your Recent History
NYSE
SSL
Sasol
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200406 21:09:21