Sasol Celebrates 10 Years on the New York Stock Exchange
NEW YORK, April 9, 2013 /CNW/ - Sasol today celebrated its 10 year anniversary of its listing on the New York Stock Exchange (NYSE).
Sasol CEO David Constable and Sasol's executive management will ring the closing bell to mark the occasion.
Sasol's shares trade in the form of American Depositary Receipts (ADRs) and listed at US$10,73 per share. One Sasol ADR is the equivalent to one Sasol ordinary share traded on the Johannesburg Stock Exchange (JSE).
The NYSE listing has made it possible for Sasol access the U.S. capital market, which is the world's largest, while growing its profile in this investment community as a compelling investment proposition.
Sasol is currently in the front-end engineering and design phase, for an integrated gas-to-liquids project and a world-scale ethane cracker, in Louisiana. The proposed investment is estimated to be between $16 and $21 billion, making it the largest foreign investment in the State of Louisiana's history.
Committed to excellence in all we do, Sasol is an international integrated energy and chemical company that leverages the talent and expertise of our more than 34 000 people working in 38 countries. We develop and commercialise technologies, and build and operate world-scale facilities, to produce a range of product streams, including liquid fuels, chemicals and electricity.
While continuing to support our home-base of South Africa, Sasol is expanding internationally based on a unique value proposition, which links our diverse businesses into an integrated value chain supported by top-class functions.
Alex Anderson, Group Media Manager Direct telephone +27(11)441-3295; Mobile +27(0)71-600-9605; email@example.com
Jacqui O'Sullivan, GM: Group Communication Direct telephone +27(11)441-3252; Mobile +27(0)82-883-9697; firstname.lastname@example.org
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CO: Sasol ST: New York NI: CHM
-0- Apr/09/2013 18:09 GMT