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SACOVEN PLC - Renewal of cautionary announcement and additional cautionary announcement

Release Date: 08/03/2016 13:00
Code(s): SCV     PDF:  
Wrap Text
Renewal of cautionary announcement and additional cautionary announcement

Sacoven Plc
(Incorporated in Jersey under the Companies (Jersey) Law 1991)
(Company number 110296)
AIM Share code: SCN
JSE Share code: SCV
ISN: JE00B7YH8W36
(the “Company”)



   Renewal of cautionary announcement and additional cautionary announcement


Sacoven Shareholders (“Shareholders”) are referred to the cautionary announcements dated
15 October 2015 and 23 November 2015 (“Cautionary Announcements”), whereby
Shareholders were advised that the Company is in discussions with respect to the potential
acquisition of a Fast Moving Consumer Goods business located in Africa, where such
acquisition will only be capable of implementation during the first half of 2016. Shareholders
are advised that the negotiations referred to in the Cautionary Announcements are on-going
and, as such, Shareholders are advised to continue to exercise caution until a full
announcement is made.

Shareholders are further advised that the Company also has entered into negotiations in
respect of a different transaction which, if successfully concluded, may have a material effect
on the price of the Company’s securities. Accordingly, Shareholders are advised to exercise
caution when dealing in the Company's securities until a further announcement is made in
this regard.

08 March 2016

JSE Sponsor
KPMG Services Proprietary Limited

AIM Nomad and Broker
Liberum Capital Limited
Clayton Bush / Christopher Britton
Tel: +44 (0) 20 3100 2000

For further information please visit the Company’s website www.sacoven.com

Niall McCallum +44 (0) 1534 823000

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