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Name Change and Share Consolidation Update
EFORA ENERGY LIMITED
(Formerly SacOil Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: EEL
ISIN: ZAE000248258
(“Efora” or “the Company”)
NAME CHANGE AND SHARE CONSOLIDATION UPDATE
The Company is pleased to announce that it has formally
commenced trading under the new name of Efora Energy Limited
(“Efora”), with the share code EEL and ISIN ZAE000248258.
Efora also announces the commencement of a new capital
structure following the Share Consolidation as voted for at
the Annual General Meeting held on 2 October 2017. The
Consolidation is on the basis of 10 to 1 by the consolidation
of every 10 Ordinary Shares into 1 Ordinary Share.
Commenting on the update, Efora’s CEO Dr Thabo Kgogo said:
“I am delighted to formally introduce Efora Energy to all our
stakeholders. The name change represents a symbolic and
exciting new chapter in this Company’s story as we leverage
the pancontinental footprint and diverse portfolio of assets
that we have strategically pieced together over the past few
years. The name Efora, which stands for Energy for Africa,
has been chosen as it aptly reflects our vision of playing a
meaningful role in the positive socioeconomic development of
the continent through the provision and distribution of
essential fuel products. Efora is a name that we hope will
become synonymous in the industry with credible and safe
operations, best practice Governance and long-term,
sustainable value creation for our shareholders.”
JSE Sponsor
PSG Capital Proprietary Limited
8 November 2017
For further information please contact:
Efora Energy Limited
Damain Matroos
+27 (0)10 591 2260
Buchanan (Financial PR adviser)
Ben Romney / Chris Judd
+44 (0)20 7466 5000
About Efora
Efora Energy Limited is a South African based independent
African oil and gas company, listed on the JSE. The Company
has a diverse portfolio of assets spanning production in
Egypt; exploration and appraisal in the Democratic Republic of
Congo; midstream project relating to crude trading in Nigeria
and material downstream distribution operations throughout
Southern Africa. Our focus as a Group is on delivering energy
for the African continent by using Africa’s own resources to
meet the significant growth in demand expected over the next
decade.
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