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Archive for June 2013

Appointment of Directors

SacOil is pleased to announce the formal appointment of Mr Tito Titus Mboweni as its new independent non-executive Chairman, and Ambassador Mzuvukile Jeff Maqetuka and Mr Stephanus (Steve) Hilgard Muller as independent non-executive directors of the Company, with effect from 10 June 2013.

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Shareholders are referred to the announcement released by the Company on the morning of 31 May 2013, which communicated the resignation of three directors of the Company. Subsequent to the release of the announcement, trading in the shares of the Company was suspended on both the JSE and AIM.

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