Annual Financial Statements for the year ended 30 June 2021 0 - Book - Page 47
Fair value at
Change in
beginning
fair value
of year2 for the year3
R’000
R’000
Prescribed Officers
HC Brand
BV Griffith
BE Klingenberg
Total
Effect of
SARs
expired
R'000
Fair value
at end
of year2
R’000
238
421
689
(226)
(413)
(585)
(8)
–
(92)
4
8
12
1 348
(1 224)
(100)
24
SASOL LIMITED GROUP
CONSOLIDATED FINANCIAL STATEMENTS
e. Fair value of share appreciation right holdings1
1. Plan closed since 2015.
2. Fair values at the beginning and end of year have been determined using the IFRS 2 option values on 30 June 2020 and 30 June 2021.
3. Change in fair value for the year results from changes in share price.
No SARs were exercised by Prescribed Officers during the year.
g. Progress against minimum shareholding requirement (MSR):
Vested shares subject to continued employment
only until 2022/2025
(excluding accrued dividend equivalents, including RLTIs)
Beneficial
Shareholding
Minimum
MSR
Shareholding
Requirement Achievement
period (CY)
(MSR)
HC Brand
R4 270 000
BV Griffith
$465 000
BE Klingenberg R5 943 147
BP Mabelane
R5 075 000
CK Mokoena
R4 188 219
2026
2026
2026
2026
2026
Beneficial
shareholding –
30 June
2021
Post tax
vesting –
September
20211, 2
R4 593 749
–
–
–
R787 340
R782 091
$107 695
R1 770 542
–
R457 640
Beneficial
shareholding
Number
value
of shares
(including
to vest –
September
2021 post
% MSR 22 September
2022
tax vesting) Achieved
R5 375 840
$107 695
R1 770 542
–
R1 244 980
126%
23%
30%
–
30%
2 050
2 402
2 723
–
2 982
Number
of shares
to vest2023/2025
20 076
23 048
28 512
–
20 291
Total
Pre-tax
number
value of
of vested
vested
shares
subject shares subject
only to
only to
continued
continued
employment employment
22 125
25 450
31 235
–
23 273
R5 023 076
$416 355
R7 091 201
–
R5 283 658
NOTES TO THE FINANCIAL STATEMENTS
f. Share appreciation rights (SARs) exercised
1. Includes the 2nd tranche of the award made on 26 September 2016. The CPT applied to this award was 47% (EVP – Klingenberg) and 68,19%
(SVP-Brand & Griffith).
h. Beneficial shareholding (number of shares)
Beneficial shareholding1
Executive directors
FR Grobler2
P Victor2
VD Kahla2
Non-executive directors
SA Nkosi
MBN Dube3
ZM Mkhize3
NNA Matyumza
Total
2021
2020
Total
beneficial
shareholding
Total
beneficial
shareholding
20 402
12 507
4 557
16 441
8 739
–
–
24
181
6
6
24
181
–
37 677
25 391
2021
2020
SASOL LIMITED COMPANY
2. Includes the 1st tranche of the award made on 3 September 2018. The CPT applied to this award is 44,7% (EVP – Klingenberg & Mokoena) and 66,8%
(SVP – Brand & Griffith).
Beneficial shareholding1
Prescribed officers
HC Brand2
CK Mokoena2
19 091
3 468
17 700
–
Total
22 559
17 700
1. There have been no changes to directors’ interests between the end of the financial year and the date of approval of the Annual Financial Statements.
2. Comprises Sasol Ordinary Shares.
3. Comprises Sasol BEE Ordinary Shares.
45
Sasol Annual Financial Statements 2021
OTHER
Total
Total
beneficial
beneficial
shareholding shareholding