Adrian Hammond

Alex Comer

Chris Nicholson

Gerhard Engelbrecht

Sean Ungerer

David Fraser

Debella Beksa

Erika Ive

Faisal

Gustavo Campos

Herbert Kharivhe

Jarrett Geldenhuys

Jesse Armstrong

Nick Rogers

Nishal Ramloutan

Sashank

Sashank Lanka

Shoiab

Stella Cridge

- **Sandstorm Gold Royalties** has completed a plan of arrangement with Royal Gold, Inc., resulting in Royal Gold's indirect acquisition of all Sandstorm common shares.  **[314590_20251020VA01375:0]** 
- Sandstorm shareholders received **0.0625 of a share of common stock of Royal Gold for each Sandstorm Share held**.  **[314590_20251020VA01375:0]** 
- Sandstorm Shares are expected to be **delisted from the Toronto Stock Exchange and the New York Stock Exchange** within two to three business days following October 20, 2025.  **[314590_20251020VA01375:0]** 
- Sandstorm will also apply to Canadian securities regulators to cease being a reporting issuer and will deregister its shares under the U.S. Securities Exchange Act of 1934.  **[314590_20251020VA01375:0]**

Sandstorm Gold Royalties Completes Arrangement with Royal Gold

- The Supreme Court of British Columbia has granted the final order for Sandstorm Gold Ltd.'s plan of arrangement with **Royal Gold Inc.**, under which Royal Gold will indirectly acquire all outstanding common shares of Sandstorm.  **[314590_20251015VA98918:0]** 
- Sandstorm shareholders will receive **0.0625 of a share of common stock of Royal Gold for each Sandstorm Share held**.  **[314590_20251015VA98918:0]** 
- The transaction is anticipated to close on **October 20, 2025**, subject to customary closing conditions.  **[314590_20251015VA98918:0]** 
- Following completion, Sandstorm expects to **delist its shares from the Toronto Stock Exchange and the New York Stock Exchange**.  **[314590_20251015VA98918:0]**

Sandstorm Gold Royalties Receives Court Approval for Arrangement with Royal Gold

- **Royal Gold Inc.** has received all government regulatory approvals for the acquisition of **Sandstorm Gold Ltd.**, including Canadian and South African antitrust approvals.  **[314590_20250929VA86200:0]** 
- The **Sandstorm Transaction** is anticipated to close early in the **fourth quarter of 2025**, subject to customary closing conditions, including approvals by Royal Gold's stockholders and Sandstorm's shareholders.  **[314590_20250929VA86200:0]** 
- Sandstorm shareholders are reminded of the special meeting on **October 9, 2025**, to vote on the plan of arrangement with Royal Gold, with the proxy voting deadline on **October 7, 2025**.  **[314590_20250929VA86200:0]** 
- The Board of Directors of Sandstorm unanimously **recommends** that shareholders vote **FOR** the resolution approving the Arrangement.  **[314590_20250929VA86200:0]**

Sandstorm Gold Royalties Receives Regulatory Approval for Royal Gold Acquisition

- Sandstorm Gold Royalties has filed meeting materials for a special shareholder meeting on **October 9, 2025**, to approve an arrangement with Royal Gold, Inc..  **[314590_20250915VA72819:0]** 
- Shareholders of record as of **September 8, 2025**, will vote on the arrangement, which entails receiving **0.0625 shares of Royal Gold common stock for each Sandstorm Share held**.  **[314590_20250915VA72819:0]** 
- The arrangement represents an implied value of approximately **$3.5 billion** and offers a **21% premium** to Sandstorm's 20-day volume-weighted average price as of July 3, 2025.  **[314590_20250915VA72819:0]** 
- The Board of Directors and a special committee of independent directors of Sandstorm unanimously **recommend voting FOR** the Arrangement Resolution.  **[314590_20250915VA72819:0]** **[314590_20250915VA72819:1]**

Sandstorm Gold Royalties Files Meeting Materials for Royal Gold Arrangement Vote

- Sasol Ltd. reported a **14% decline** in adjusted EBITDA to **R52 billion** for H2 2025, but achieved a **75% improvement** in free cash flow to **ZAR12.6 billion** and reduced net debt (excluding leases) to **$3.7 billion**, meeting its target of staying under $4 billion.  **[314590_tx_318918_2]** **[314590_tx_318918_5]** **[314590_tx_318918_6]** **[314590_tx_318918_1]** 
- The company successfully contained cash fixed cost increases to **1% below inflation** and achieved a Southern Africa value chain breakeven price of **$59 per barrel**, in line with its target.  **[314590_tx_318918_1]** **[314590_tx_318918_5]** 
- International Chemicals' adjusted EBITDA increased by **more than $120 million** to **$411 million** in H2 2025, with a margin improvement from **6% to 9%**, and is projected to reach **$450 million to $550 million** with a **10-13% margin** in FY 2026.  **[314590_tx_318918_1]** **[314590_tx_318918_3]** 
- Sasol is progressing its emission reduction roadmap, having secured **more than 900 megawatts** of renewable energy in South Africa and bringing the **97-megawatt Damlakhte solar plant** online.  **[314590_tx_318918_1]** **[314590_tx_318918_8]**  For FY 2026, the company targets Secunda production of **7 million to 7.2 million tonnes** and aims to continue deleveraging towards a **$3 billion net debt target** between FY 2027 and FY 2028.  **[314590_tx_318918_2]** **[314590_tx_318918_7]**

Sasol Ltd. Reports H2 2025 Financial and Operational Results

SASOL (SSL)