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Archive for October 2011

Salient dates, Circular, Identiguard, Trading Statement and Further Cautionary Announcement

Salient dates, Circular, Identiguard, Trading Statement and Further Cautionary Announcement 1. Introduction Shareholders of SacOil (“Shareholders”) are referred to the announcement released on the Securities Exchange News Service (“SENS”) of the JSE Limited (“JSE”) and on the Regulatory News Service of the London Stock Exchange on Thursday, 13 October 2011 regarding: a specific issue of…

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Circular to Shareholders

Circular to SacOil Shareholders relating to:

  • a specific issue of 111,940,298 SacOil Ordinary Shares for R75,000,000 in cash to Timtex, being a related party to SacOil, at an issue price of R0.67 per SacOil Ordinary Share;
  • a specific authority to issue up to a maximum of 339,390,036 SacOil Ordinary Shares for R197,992,500 in cash to Yorkville Advisers UK LLP, calculated using an illustrative issue price of R0.58 per SacOil Ordinary Share , collectively referred to as the “Specific Issues”;
  • a Specific Payment to Encha of R1,500,000 pursuant to a promoter’s fee; and
  • proposed amendments to the SacOil Share Option Scheme.
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Equity Distribution Agreement, Pro forma Financial and Further Cautionary Announcement

SACOIL HOLDINGS LIMITED (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”) Equity Distribution Agreement, Pro forma Financial and Further Cautionary Announcement 1. Introduction Shareholders of SacOil (“Shareholders”) are referred to the announcement released on the Securities Exchange News…

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