#AGM #2025 #Johannesburg #South Africa #Sasol Limited

Highlights from Sasol Limited's Annual General Meeting

On November 14, 2025, shareholders of Sasol Limited convened for the company's Annual General Meeting (AGM), where numerous significant resolutions were examined and voted upon. The AGM presented a platform for Sasol to share its financial standing and operational strategies with its shareholders while also addressing their queries and suggestions.

Key Resolutions Passed

All resolutions submitted during the meeting received the required majority votes from the shareholders. Notably, shareholders were presented with audited annual financial statements, which illuminated the overall financial health and performance of the company for the fiscal year that concluded on June 30, 2025. The discussion also encompassed various reports including those from directors, external auditors, and several committees within the company, such as the Audit Committee and the Safety, Social and Ethics Committee.

Remuneration Policy Endorsements

One of the pivotal resolutions was the non-binding advisory resolutions concerning the company’s remuneration policy. Shareholders overwhelmingly endorsed the remuneration policy and its implementation report, reflecting a strong alignment between the company's strategic objectives and shareholder expectations. Here's how the votes broke down:

• - Resolution 1: Endorsement of the Company's remuneration policy

- Total shares voted: 468,570,017 (72.11%)
- Votes in favor: 93.93%

• - Resolution 2: Endorsement of the implementation report of the remuneration policy

- Total shares voted: 414,383,533 (63.77%)
- Votes in favor: 97.43%

Climate Change Initiatives

In a forward-looking approach, shareholders also endorsed Sasol's climate change mitigation and adaptation strategies, illustrating the company's commitment to sustainable practices. The vote for this resolution indicated significant support, with 85.30% voting in favor, demonstrating a strong shareholder consensus on the importance of environmental responsibility.

Director Elections and Committee Appointments

The AGM also saw the re-election of key directors, a move that was crucial for maintaining leadership continuity within the company. The resolutions for re-electing directors such as Mr. S Baloyi, Mr. M J Cuambe, and Ms. M B N Dube garnered overwhelming support with votes exceeding 99% in favor for most candidates.
A notable appointment was that of KPMG Inc., assigned as the independent auditor for the group based on a recommendation from the Audit Committee, again receiving substantial support from shareholders, with 99.90% voting in favor of the appointment.

Expanding Auditing Practices

The voting results reflected a strong inclination towards transparency and rigorous auditing practices, which shareholders backed through their votes for appointing new Audit Committee members. Resolutions to elect members to key committees, such as the Safety, Social and Ethics Committee, similarly illustrated aligned values among shareholders concerning corporate governance and ethical practices.

Remuneration Approval for Non-Executive Directors

Another crucial resolution involved the remuneration for non-executive directors. The passing of this resolution underscores the shareholders’ approval of the compensation structure considered appropriate for maintaining skilled leadership while ensuring corporate governance standards.

Conclusion

The AGM of Sasol Limited marks an important juncture in its operational strategy, revealing the company’s commitment to transparency, responsible leadership, and sustainability. Shareholders' proactive endorsement of various resolutions demonstrates their confidence in Sasol's strategic direction and operational management. The positive reception of vital issues surrounding climate change, remuneration, and governance points towards a future where shareholder interests align closely with responsible corporate practices. As Sasol continues to navigate through evolving market conditions, the insights and mandates established during this annual meeting will likely guide its trajectory over the coming years.