As filed with the Securities and Exchange
Commission on March 8, 2023
Registration No. 333-_____
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
SASOL LIMITED
(Exact name of registrant as specified in its charter)
Republic of South Africa |
Not Applicable |
(State or other jurisdiction of
incorporation or organization) |
(I.R.S. Employer
Identification No.) |
Sasol Place
50 Katherine Street
Sandton 2196 South Africa
(Address of Principal Executive Offices) |
THE SASOL 2022 LONG-TERM
INCENTIVE PLAN
(Full title of the plan)
Puglisi &
Associates
850 Library Avenue, Suite 204
P.O. Box 885
Newark, Delaware 19715
(302) 738-6680
(Name and address of agent for service)
With a copy to: |
With a copy to: |
Hanre Rossouw, Chief Financial Officer
Sasol Place
50 Katherine Street
Sandton 2090 South Africa
+ 27 010 344 3060 |
Gillian Emmett Moldowan, Esq.
Shearman & Sterling LLP
599 Lexington Avenue
New York, NY 10022
(212) 848-4000 |
Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.
See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”
and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer |
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Accelerated filer |
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☐ |
Non-accelerated filer |
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☐ |
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Smaller reporting company |
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☐ |
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Emerging growth company |
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☐ |
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 7(a)(2)(B) of the Securities Act. ☐
Part I
INFORMATION REQUIRED IN THE SECTION 10(a)
PROSPECTUS
The information specified in Items 1 and 2
of Part I of Form S-8 is omitted from this filing in accordance with the provisions of Rule 428 under the Securities Act of 1933, as amended
(the “Securities Act”), and the introductory note to Part I of Form S-8. The documents containing the information specified
in Part I have been or will be delivered to the participants in the Sasol 2022 Long-Term Incentive Plan (the “Plan”) as required
by Rule 428(b) under the Securities Act.
Part II
INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT
Item 3. Incorporation of Documents by Reference.
This Registration Statement on Form S-8 hereby
incorporates by reference the contents of the following reports of the Registrant filed with the Securities and Exchange Commission (the
“Commission”) pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), except for any
portion of that is furnished but not filed with the Commission:
(a) The Annual
Report on Form 20-F of the Registrant for the year ended 30 June 2022, as filed with the Commission on 31 August 2022 (the “Form
20-F”) (Commission file No. 001-31615); and
(b) The description
of the Shares, set forth under the caption “10.B. Memorandum and Articles of Association” in Item 10, and the description
of the ADSs set forth under the caption “12.D. American depositary shares” in Item 12, of the Form 20-F.
In addition, all documents filed by the Registrant
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a post-effective amendment to this Registration
Statement indicating that all securities offered have been sold or that deregisters all securities then remaining unsold shall be deemed
to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such document incorporated
by reference. Statements contained in the documents incorporated by reference shall be deemed to be modified or superseded hereby to the
extent that statements contained in this Registration Statement, or in any subsequently filed documents that are amendments hereto or
that are incorporated herein by reference, shall modify or replace such statements.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
The Registrant regulates the indemnification
and insurance of directors and prescribed officers in its Memorandum of Incorporation (the “MOI”). In this regard, the MOI
follows section 78 of the South African Companies Act, 2008 (the “Companies Act”), except that under the MOI no director
is liable for: (i) the acts, receipts, neglect or default of any other director; (ii) for joining, for the sake of conformity, in any
receipt or other act; (iii) for loss or expense suffered or incurred by the Registrant as a result of the insufficiency or deficiency
of title to any property acquired by order of the directors for and on behalf of the Registrant; (iv) for the insufficiency or deficiency
of any shares, debentures or other instruments irrespective of their form or title, issued or authorized to be issued by the Registrant
(“Securities”) in or upon which any of the money of the Registrant shall be invested; (v) for any loss or damage arising
from the bankruptcy, insolvency or unlawful act of any person with whom money or Securities were deposited; (vi) for any loss or
damage occasioned by any error of judgment or oversight on the director’s part; or (vii) for any other loss, damage or misfortune
of whatever nature which occurred in the execution of the duties of the director’s office or in relation thereto, unless the same
occurred in consequence of his own negligence, neglect, breach of duty or disregard of a trust.
The MOI provides that the Registrant may not
directly or indirectly pay any fine that may be imposed on a director, or on a director of a related company, as a consequence of that
director having been convicted of an offense in terms of any national legislation unless the conviction was based on strict liability.
The MOI further provides that the Registrant may advance expenses to a director to defend litigation in any proceedings arising out of
the director’s service to the Registrant and may directly or indirectly indemnify a director for any liability, other than in respect
of (a) any liability arising in terms of a section 77(3)(a), (b) or (c) of the Companies Act (i.e., if the director: acted in the name
of the Registrant, signed anything on behalf of the Registrant, or purported to bind the Registrant or authorize the taking of any action
by or on behalf of the Registrant, despite knowing that the director lacked the authority to do so; acquiesced in the carrying on of the
Registrant’s business despite knowing that it was being conducted in a manner prohibited by section 22(1) of the Companies Act;
or was a party to an act or omission by the Registrant despite knowing that the act or omission was calculated to defraud a creditor,
employee or shareholder of the Registrant or had another fraudulent purpose); (b) willful misconduct or willful breach of trust on the
part of the director; or (c) any fine that may not be paid as referenced in the first sentence of this paragraph. The MOI also provides
that the Registrant may directly or indirectly indemnify a director for any litigation expenses referenced in the immediately preceding
sentence, irrespective of whether it has advanced those expenses, if the proceedings are abandoned or exculpate the director or arise
in respect of any indemnifiable liability.
The Registrant is entitled to claim restitution
from a director or a related company for any money paid directly or indirectly by the Registrant to or on behalf of that director in any
manner inconsistent with section 78 of the Companies Act.
The Registrant may purchase insurance to protect
a director against any indemnifiable liability or expenses. The Registrant may also purchase insurance to protect the Registrant against
any contingency including but not limited to any expense that may be indemnified or advanced or indemnifiable liability. As permitted
by the MOI, the Registrant has purchased directors liability insurance from third parties for indemnification of its directors for wrongful
acts, as well as to reimburse the Registrant for any indemnification that it provides to its directors for wrongful acts.
For the purposes of this Item 6, “director”
includes a former director, an alternate director, a prescribed officer, a person (including a juristic person) who is a member of a committee
of the board of directors of the Registrant, irrespective of whether or not the person is also a member of the board of directors of the
Registrant, and a person who is a member of the audit committee of the Registrant.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
_________________
Item 9. Undertakings.
(a) The Registrant undertakes:
(1) To file, during
any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i) to include
any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) to reflect
in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration
Statement; and
(iii) to include
any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material
change to such information in this Registration Statement;
provided, however, that
the undertakings set forth in paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to Section 13 or Section 15(d) of the
Exchange Act that are incorporated by reference in this Registration Statement.
(2) That, for
the purpose of determining any liabilities under the Securities Act, each such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide offering thereof.
(3) To remove
from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination
of the offering.
(4) To file a
post-effective amendment to the Registration Statement to include any financial statements required by Item 8.A of Form 20-F at the start
of any delayed offering or throughout a continuous offering.
(b) The Registrant further undertakes that,
for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section
13(a) or 15(d) of the Exchange Act that is incorporated by reference in this Registration Statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide offering thereof.
(c) Insofar as indemnification for liabilities
arising under the Securities Act may be permitted to the Registrant’s directors, officers and controlling persons pursuant to the
foregoing provisions, or otherwise, the Registrant has been advised that, in the opinion of the Commission, such indemnification is against
public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than for the Registrant’s payment of expenses incurred or paid by one of the Registrant’s directors,
officers or controlling persons in the successful defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, then, unless in the opinion of the Registrant’s counsel the
matter has been settled by controlling precedent, the Registrant will submit to a court of appropriate jurisdiction the question whether
such indemnification is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such
issue.
SIGNATURES
Pursuant to the requirements of the Securities
Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Johannesburg,
South Africa on March 8, 2023.
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SASOL
LIMITED |
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By: |
/s/ Michelle du Toit |
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Name: |
Michelle du Toit |
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Title: |
Company
Secretary |
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POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each
person whose signature appears below constitutes and appoints Michelle du Toit and Vuyo Dominic Kahla, and each of them severally,
his or her true and lawful attorney or attorneys, with power of substitution and resubstitution to sign in his or her name, place and
stead in any and all such capacities, this Registration Statement to be filed by the Registrant with the Commission in connection with
the Plan, and any and all amendments thereto (including post-effective amendments) and any documents in connection therewith, and any
registration statement filed by the Registrant pursuant to Rule 462(b) under the Securities Act, as amended, which relates to the Registration
Statement, and to file any of the same with the Commission. Each of said attorneys shall have power to act with or without the other,
and shall have full power and authority to do and perform, in the name and on behalf of each such officer and director of the Registrant
who shall have executed this Power of Attorney, every act whatsoever which such attorneys, or any one of them, may deem necessary or
desirable to be done in connection therewith as fully and to all intents and purposes as such officer or director of the Registrant might
or could do in person.
Pursuant to the requirements of the Securities
Act, this Registration Statement has been signed below by the following persons in the indicated capacities on March 8, 2023.
Signatures |
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Title |
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/s/
Fleetwood Grobler |
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President and Chief Executive Officer, Executive Director |
Fleetwood
Grobler |
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(principal
executive officer) |
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/s/ Hanre Rossouw |
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Chief
Financial Officer, Executive Director |
Hanre Rossouw |
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(principal financial officer and principal accounting officer) |
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/s/
Vuyo D. Kahla |
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Vuyo D. Kahla |
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Executive Director |
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/s/
Muriel B.N. Dube |
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Muriel B. N. Dube |
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Director |
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/s/
Manuel Joáo Cuambe |
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Manuel Joáo Cuambe |
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Director |
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/s/
Martina Flöel |
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Martina Flöel |
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Director |
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/s/ Gesina Maria Beatrix Kennealy |
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Gesina Maria Beatrix Kennealy |
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Director |
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/s/ Nomgando Nomalungelo Angelina Matyumza |
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Nomgando Nomalungelo Angelina Matyumza |
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Director |
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Kathy C. Harper |
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Director |
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/s/
Sipho A. Nkosi |
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Sipho A. Nkosi |
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Director |
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/s/ Mpho Elizabeth Kolekile Nkeli |
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Mpho Elizabeth Kolekile Nkeli |
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Director |
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Stanley Subramoney |
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Director |
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/s/ Andreas
Schierenbeck |
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Andreas Schierenbeck |
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Director |
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/s/ Stephen Westwell |
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Stephen Westwell |
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Director |
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