By Jaime Llinares Taboada 



  Sasol Ltd. said Friday that it expects earnings per share to fall at least 20% during the current fiscal year and warned shareholders that it has rights to issue up to $2 billion in shares under its strategy in response to the coronavirus and the oil-price drop. 


  The South Africa-based petrochemical and energy company said that its results for the year ending June 30 could also be impacted further by adjustments at the year-end closure process. 


  Sasol told shareholders that its plans designed to mitigate the impact of the coronavirus pandemic and the lower oil price could have a material effect on the price of its securities, as the strategy includes a cash conservation program, an accelerated and expanded asset-disposal and partnering program, and the potential rights to issue up to $2 billion. 


  Shares in Johannesburg at 0710 GMT were down ZAR3.67, or 4.4%, at ZAR80.49. 


  Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT