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Friday, April 07, 2006 10:05:06 AM
From the Sasol Co website:
Growing investor interest in Sasol, especially from North America supports the realisation that the NYSE is the most appropriate exchange for the listing of our American Depositary Receipts (ADRs).
The listing will serve a number of stakeholders, including the SA fiscus and South African shareholders. It will also assist Sasol in its global growth as a commodity supplier.
To achieve an appropriate and representative rating, it is vital to be placed among one's peer group. The NYSE is home to the most traded petroleum stocks in the world. It also offers investors greater understanding of Sasol and stability in our share price in future.
The ADRs will attract a new group of investors and significantly more marginal buyers and sellers, which should enhance demand as well as the price. //////////
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