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Stock impact report

SOL: Sasol Limited Update on Independent Board Review and Release of 2019 Annual Financial Results

Sasol Ltd. American Depositary Shares (SSL) 
US:NYSE Investor Relations: sasol.com/investor-centre/overview
Company Research Source: PR Newswire
JOHANNESBURG, Sept. 6, 2019 /PRNewswire/ -- On 16 August 2019, Sasol announced that the Board of Directors of Sasol (the Board) had decided to delay the announcement of the Company's financial results for the year ended 30 June 2019 (2019 financial results) which were due to be released on 19 August 2019 and that the Board expected to release them on 19 September 2019. This delay was to allow for the completion of the assessment of possible internal control weaknesses identified during the independent review announced by the Board previously. The Board has resolved to commission additional work under the independent review and to stipulate for in-depth investigation into certain aspects contemplated under the original scope. This will allow a complete and thorough investigation, enabling the effective conclusion of the audit of the Company's 2019 financial results. This work includes an assessment as to whether any identified control weakness and root cause of the changes in the cost Show less Read more
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