Go Back Email this Link to a friend

Sacoil Holdings Limited - Transaction Completion

Release Date: 28/10/2014 12:00:00      Code(s): SCL     
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: SCL AIM Share Code: SAC
ISIN: ZAE000127460
(?SacOil? or ?the Company?)

                                      Transaction Completion

Further to the announcement dated 23 October 2014, where the Board of SacOil confirmed that all
the conditions precedent, as contained in the sale and purchase agreement dated 9 September
2014, to acquire Mena International Petroleum Company Ltd had been met and the acquisition
had become unconditional, the Company can now confirm that application has been made for
the 183,666,947 ordinary shares in the Company (?Consideration Shares?) to be admitted to
trading on AIM and it is expected that dealings will commence on 29 October 2014.

Following the admission to trading on AIM of the Consideration Shares on 29 October 2014, the
Company's issued share capital will consist of 3,269,836,208 Ordinary Shares.

The total number of voting rights in the Company will be 3,269,836,208. The voting rights on all
these shares are identical. This figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their interest in, or a
change to their interest in, the Company under the FCA's Disclosure and Transparency Rules
following 29 October 2014.

28 October 2014


JSE Sponsor

Nedbank Capital

For further information please contact:

finnCap Limited (Nominated Adviser and Broker)

Matthew Robinson / Christopher Raggett                         +44 (0) 20 7220 0500

FirstEnergy Capital (Financial Adviser and Joint Broker UK)

Majid Shafiq / Travis Inlow                                    +44 (0) 20 7448 0200

Instinctif Partners London (UK Investor Relations)
David Simonson / Anca Spiridon                             +44 (0)20 7457 2020

Instinctif Partners Johannesburg (SA Investor Relations)

Nicholas Williams / Fred Cornet                            +27 (0)11 447 3030

Date: 28/10/2014 12:00:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             . The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.