RESULTS OF THE ANNUAL GENERAL MEETING OF SASOL LIMITED HELD ON 14 NOVEMBER 2025
MWN-AI** Summary
Sasol Limited held its Annual General Meeting (AGM) on November 14, 2025, where all proposed resolutions received the requisite majority approval from shareholders. Noteworthy outcomes from the meeting included the presentation and acceptance of the audited financial statements for the fiscal year ending June 30, 2025, alongside reports from key committees and external auditors.
Shareholders endorsed the company's remuneration policy through a non-binding advisory resolution, with 93.93% voting in favor. A similar advisory resolution regarding the implementation report of the remuneration policy garnered a substantial 97.43% approval, despite a notable abstention rate of 8.38%. In terms of climate strategy, 85.30% of shareholders supported the company's climate change mitigation and adaptation initiatives, albeit with a 15.23% abstention rate.
Several board appointments were also made, including the re-election of directors S. Baloyi, M. J. Cuambe, M. B. N. Dube, and Dr. M. Flöel, all of whom received overwhelming support averaging over 97% for their respective positions. KPMG Inc. was appointed as the independent auditor with 99.90% approval.
Additionally, resolutions concerning the remuneration of non-executive directors and the authorization for share repurchases were addressed. The remuneration for non-executive directors received 98.07% support, while the approval for share repurchases was favored by 77.63% of voters, indicating some shareholder division on this issue.
Overall, the AGM reflected solid endorsement from shareholders for both governance and corporate strategies, reinforcing confidence in Sasol's future direction. Further details are available from Sasol Investor Relations.
MWN-AI** Analysis
The results of Sasol Limited’s Annual General Meeting (AGM) held on November 14, 2025, showcase significant corporate actions that could impact investor sentiment and stock performance in the near term. Notably, all resolutions passed with strong majorities, reflecting shareholder confidence in the company's leadership and governance structure.
The endorsement of Sasol's remuneration policy and its implementation, receiving over 93% and 97%, respectively, indicates strong consensus among shareholders about the management's incentive structures, which could be seen as a positive sign of stability and alignment with shareholder interests. However, a slight increase in abstentions for the implementation report suggests a need for the company to potentially engage more transparently with its shareholders regarding compensation.
The passing of the climate change mitigation strategy with 85.3% support is particularly noteworthy, given the increasing focus on corporate sustainability. This strategic direction could position Sasol favorably with environmentally-conscious investors and stakeholders, especially as global energy transitions accelerate. However, the relatively high abstention rate (15.23%) warrants deeper analysis; investors appear divided on the company's strategy and its effectiveness in addressing climate impacts.
The re-elections of multiple board members and the appointment of KPMG Inc. as independent auditor with near-unanimous support strengthens the governance aspect. This stability in leadership is essential for executing Sasol’s strategic goals effectively, which is crucial in a fluctuating energy market.
Lastly, the special resolution authorizing the share repurchase program suggests Sasol is looking to return value to shareholders, reflecting confidence in its financial health amid ongoing market challenges.
In conclusion, while the AGM results are encouraging, shareholders should remain vigilant about external market conditions and Sasol's operational execution in advancing its strategic initiatives. Investors might consider maintaining or increasing their positions, while keeping an eye on further developments in both governance and climate strategies.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
JOHANNESBURG, Nov. 17, 2025 /PRNewswire/ -- Sasol shareholders are hereby advised of the results of the business conducted at Sasol's annual general meeting held on 14 November 2025.
All the resolutions were passed by the requisite majority of voting rights exercised. The results are as follows:
1. The audited annual financial statements of the Company and the Group, including the remuneration report and reports of the directors, external auditors, the Audit Committee and the Safety, Social and Ethics Committee for the financial year ended 30 June 2025, were presented.
2. Non-binding advisory resolution number 1: To endorse, on a non-binding advisory basis, the Company's remuneration policy
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 570 017 | 72,11 % | 93,93 % | 6,07 % | 0,04 % |
3. Non-binding advisory resolution number 2: To endorse, on a non-binding advisory basis, the implementation report of the Company's remuneration policy
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
414 383 533 | 63,77 % | 97,43 % | 2,57 % | 8,38 % |
4. Non-binding advisory resolution number 3: To endorse, on a non-binding advisory basis, Sasol's climate change mitigation and adaptation strategy and management approach.
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
369 882 500 | 56,92 % | 85,30 % | 14,70 % | 15,23 % |
5. Ordinary resolution number 1- 1: To re-elect Mr S Baloyi as a director of the Company
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 568 886 | 72,11 % | 99,84 % | 0,16 % | 0,04 % |
6. Ordinary resolution number 1- 2: To re-elect Mr M J Cuambe as a director of the Company
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 318 312 | 72,07 % | 99,54 % | 0,46 % | 0,08 % |
7. Ordinary resolution number 1- 3: To re-elect Ms M B N Dube as a director of the Company
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 446 576 | 72,09 % | 97,74 % | 2,26 % | 0,06 % |
8. Ordinary resolution number 1- 4: To re-elect Dr M Flöel as a director of the Company
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 453 252 | 72,09 % | 99,50 % | 0,50 % | 0,06 % |
9. Ordinary resolution number 2- 1: To elect Ms N X Maluleke as a director of the Company
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 445 187 | 72,09 % | 99,91 % | 0,09 % | 0,06 % |
10. Ordinary resolution number 3: To appoint KPMG Inc, nominated by the Company's Audit Committee, as independent auditor of the Company and the Group
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 594 286 | 72,12 % | 99,90 % | 0,10 % | 0,04 % |
11. Ordinary resolution number 4- 1: To elect Mr D G P Eyton as member of the Audit Committee of the Company to hold office until the end of the next AGM
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 459 363 | 72,10 % | 99,20 % | 0,80 % | 0,06 % |
12. Ordinary resolution number 4- 2: To elect Ms K C Harper as member of the Audit Committee of the Company to hold office until the end of the next AGM
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 459 584 | 72,10 % | 99,55 % | 0,45 % | 0,06 % |
13. Ordinary resolution number 4- 3: To elect Ms G M B Kennealy (Chairman) as member of the Audit Committee of the Company to hold office until the end of the next AGM
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 459 505 | 72,10 % | 99,19 % | 0,81 % | 0,06 % |
14. Ordinary resolution number 4- 4: To elect Ms N X Maluleke as member of the Audit Committee of the Company to hold office until the end of the next AGM
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 455 694 | 72,10 % | 99,91 % | 0,09 % | 0,06 % |
15. Ordinary resolution number 4- 5: To elect Mr S Subramoney as member of the Audit Committee of the Company to hold office until the end of the next AGM
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 427 164 | 72,09 % | 99,51 % | 0,49 % | 0,07 % |
16. Ordinary resolution number 5- 1: To elect Mr S Baloyi as member of the Safety, Social and Ethics Committee of the Company to hold office until the end of the next AGM
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 569 207 | 72,11 % | 99,42 % | 0,58 % | 0,04 % |
17. Ordinary resolution number 5- 2: To elect Ms M B N Dube as member of the Safety, Social and Ethics Committee of the Company to hold office until the end of the next AGM
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 453 851 | 72,09 % | 98,07 % | 1,93 % | 0,06 % |
18. Ordinary resolution number 5- 3: To elect Mr D G P Eyton (Chairman) as member of the Safety, Social and Ethics Committee of the Company to hold office until the end of the next AGM
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 327 603
| 72,08 %
| 99,42 %
| 0,58 %
| 0,08 %
|
19. Ordinary resolution number 5- 4: To elect Dr M Flöel as member of the Safety, Social and Ethics Committee of the Company to hold office until the end of the next AGM
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 452 955 | 72,09 % | 99,30 % | 0,70 % | 0,06 % |
20. Ordinary resolution number 5- 5: To elect Mr V D Kahla as member of the Safety, Social and Ethics Committee of the Company to hold office until the end of the next AGM
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 447 364 | 72,09 % | 99,57 % | 0,43 % | 0,06 % |
21. Ordinary resolution number 5- 6: To elect Ms N X Maluleke as member of the Safety, Social and Ethics Committee of the Company to hold office until the end of the next AGM
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 453 014 | 72,09 % | 99,92 % | 0,08 % | 0,06 % |
22. Special resolution number 1: To approve the remuneration payable to non-executive directors of the Company for their services as directors
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 465 304 | 72,10 % | 98,07 % | 1,93 % | 0,06 % |
23. Special resolution number 2: To authorise the Board to approve the general repurchase by the Company or by any of its subsidiaries, of any of the Company's ordinary shares and/or Sasol BEE Ordinary Shares
Total number of shares voted | Percentage shares voted* | Percentage for** | Percentage against** | Percentage abstained* |
468 586 487 | 72,12 % | 77,63 % | 22,37 % | 0,04 % |
* Based on the total number of Sasol Ordinary Shares and Sasol BEE Ordinary Shares in issue, being 649 775 104, as at Friday, 7 November 2025, being the Record Date of the annual general meeting.
** Based on the total number of shares that voted for or against a resolution at the annual general meeting.
For further information, please contact:
Sasol Investor Relations,
Tiffany Sydow, VP Investor Relations
Telephone: +27 (0) 71 673 1929
investor.relations@sasol.com
SOURCE Sasol Limited
FAQ**
What were the key highlights from the audited annual financial statements presented at the Sasol Ltd SASOF annual general meeting held on November 2025?
How did shareholders respond to the non-binding advisory resolution on Sasol Ltd SASOF's remuneration policy, and what percentage voted in favor?
What significant support was shown for Sasol Ltd SASOF's climate change mitigation strategy during the voting at the annual general meeting?
What were the results of the voting on the special resolution regarding the general repurchase of shares for Sasol Ltd SASOF, and how did shareholders express their approval or disapproval?
**MWN-AI FAQ is based on asking OpenAI questions about Sasol Ltd (OTC: SASOF).
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