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SCL - Sacoil Holdings Limited - Issue of Equity (AIM)

Release Date: 01/02/2012 07:05
Code(s): SCL
Wrap Text

SCL - Sacoil Holdings Limited - Issue of Equity (AIM) SACOIL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1993/000460/06) AIM share code: SAC JSE share code: SCL ISIN: ZAE0000127460 31 January 2012 SacOil Holdings Limited ("SacOil" or the "Company") Issue of Equity (AIM) SacOil, the independent Pan-African upstream oil and gas company, announces that it has raised ZAR5,000,000 by the issue of 11,111,112 new ordinary shares of no par value in SacOil ("Ordinary Shares") to Peregrine Securities Pty Ltd ("Peregrine") at a price of ZAR0.45 per Ordinary Share being a 10% discount to the 30 day VWAP of Ordinary Shares on 16 January 2012, the day prior to the signing of an irrevocable undertaking by Peregrine to subscribe for Ordinary Shares. Application has been made for these Ordinary Shares to be listed on the JSE Limited ("JSE") and admitted to trading on the AIM Market of the London Stock Exchange plc and such listing and admission are expected to occur by no later than 1 February 2012. For further information, please contact: JSE Sponsor The Standard Bank of South Africa Limited AIM Nominated Adviser and Joint Broker finnCap Ltd Matthew Robinson / Christopher Raggett +44 (0)20 7220 0500 Joint Broker (United Kingdom) Shore Capital Stockbrokers Ltd Jerry Keen / Bidhi Bhoma +44 (0)20 7408 4090 Public Relations (South Africa) The Riverbed Agency (SA) Raphala Mogase / Bongiwe Moeli +27 (0) 11 783 7903 Public Relations (United Kingdom) Pelham Bell Pottinger (UK) Philip Dennis/ Nick Lambert/Rollo Crichton- +44 (0)20 7861 3232 Stuart Date: 01/02/2012 07:05:50 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.

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