On the 17th of September 2018, Sasol Inzalo Public (SIPBEE) paid out about R1.3 billion or R85.63 per share (less tax) to its investors bringing to an end the life of this broad based black economic empowerment (B-BBEE) share. The SIPBEE shares will delist from the JSE on September 18. It will be reincarnated, so to speak, as Sasol Khanyisa.
If your contact and banking details were in order you must have been paid by now. And the time it takes for the payment to reflect on your account depends on your bank.
To ensure that your contact and banking details are in order, contact Computershare where you can update these details if needs be via their call centre.
Computershare contacts are as follows:
Call Centre toll-free: 0800 000 222 or
Call Centre (International): +27(0)11 370 7700
The delisting of Sasol Inzalo on September 18 brings to an end the share’s 10 years journey. And now the focus shift to Sasol Khanyisa.
Qualifying SIPBEE shareholders would have been invited to participate in the Sasol Khanyisa allocation along the following lines.
SIPBEE shareholders were offered the following:
- Sasol Khanyisa Public share for every Sasol Inzalo Public or Groups share held, at no cost, and
- SOLBE1 share for every 10 Sasol Khanyisa Public shares that are immediately tradeable, at no cost.
As an example, if you own 100 Sasol Inzalo Public shares you will receive at no cost to you:
100 Sasol Khanyisa Public shares, funded by Sasol; and
a further 10 SOLBE1 shares
All SOLBE1 shares, issued at no cost to you, are tradeable from the date of issue.
Sasol Khanyisa shares are not listed and therefore cannot be traded. Sasol has promised that the Khanyisa shares will be tradeable after three years, that’s in 2021.