Archive for November 2013
SacOil Circular to Shareholders
A general meeting of SacOil shareholders will be held at 2 Floor, The Gabba, Dimension Data Campus, 57 Sloane Street, Bryanston, Johannesburg on Friday, 6 December 2013 (the “General Meeting”), commencing at 10:00, or at any adjournment thereof, to consider and, if deemed appropriate, to approve the resolutions as more fully set out in the notice of general meeting attached to the General Meeting Circular.
The record date to determine shareholders who will be eligible to participate and vote at the General Meeting is Friday, 29 November 2013.
Read MorePublishing of General Meeting Circular
Further to the announcement released on the Stock Exchange News Service of the JSE Limited (“JSE”) and on the Regulatory News Service of the London Stock Exchange on 12 September 2013 (the “Announcement”), shareholders are advised that the circular relating to:
- the Specific Issue (as defined in the Announcement);
- the Rights Offer (as defined in the Announcement);
- the proposed Whitewash Resolution (as defined in the Announcement); and
- the proposed appointment of Gairloch Limited nominated directors,
(the “General Meeting Circular”)
has today, 7 November 2013, been posted to SacOil shareholders and has been made available on SacOil’s website, www.sacoilholdings.com.
Read MoreAddendum to Notice of Annual General Meeting
On 23 September 2013 the Company circulated a notice of Annual General Meeting (“the Notice”) dealing with, inter alia, the election of Audit Committee members. The JSE Limited subsequently informed the Company that its Audit Committee would not be properly constituted according to the requirements of the JSE Limited Listings Requirements (“the Listings Requirements”), if Ordinary Resolution Number 3 – Election of Audit Committee Members, as contained in the Notice, was passed by the shareholders, as the Listings Requirements require an audit committee to be comprised of at least three independent non-executive directors, as recommended by the revised Code of and Report on Governance Principles for South Africa (King III).
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