Investor Centre
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 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).
Read MoreRenewal of Cautionary Announcement
Shareholders are referred to the announcement dated 12 September 2013 containing details of the conversion of the Gairloch debt to equity (the “Specific Issue”) and the capital raising of up to R570 million by way of a renounceable rights offer (the “Rights Offer”).
As the pro forma financial effects of the Specific Issue and Rights Offer have not yet been published, in line with the JSE Listings Requirements, shareholders are advised to continue to exercise caution when dealing in the Company’s securities until a further announcement is made.
Read MoreSacOil partners with Total in the DRC
South African oil and gas company SacOil on Wednesday announced that it had partnered with multinational oil and gas company Total on the exploration of Block III in the in the eastern part of the Democratic Republic of Congo (DRC), alongside the Uganda border.
Total had committed more than $30-million to the exploration and drilling of the first test well in early 2014, SacOil said, adding that 26 out of 27 holes drilled on adjacent blocks had resulted in rich commercial finds.
Read MoreUpdate on Suspension in Trading of Shares
Since the suspension of trading in the Company’s shares on 31 May 2013, the Company believes that it has fulfilled the conditions to warrant the lifting of the suspension of trade in the Company’s shares on the Main Board of the JSE Limited (“JSE”) and the AIM Market (“AIM”) of the London Stock Exchange.
In this respect the Company has fulfilled the following conditions:
Read MoreSacOil resumes trading on JSE and London’s AIM
SacOil resumes trading on JSE and London’s AIM OIL explorer SacOil on Monday resumed its trading on the JSE and London’s Alternative Investment Market (AIM), as new management pushes ahead with its turnaround plan. Its share closed 1c, or 3.7%, lower at 26c with nearly 3-million shares worth R758,578 trading. SacOil requested suspension of trading…
Read MoreGeneral Issue of Shares
SacOil has issued 2,777,777 new ordinary shares of no par value in the share capital of the Company (“SacOil Shares”) at an issue price of R0.27 per ordinary share (“the Issue Shares”), thereby raising a total cash amount of R750,000 (“the Cash Issue”).
Read MoreNo change statement and listing update
The annual general meeting of SacOil will be held on Friday, 29 November 2013 at 10:00 at 2nd Floor, The Gabba, Dimension Data Campus, 57 Sloane Street, Bryanston.
The record date on which members must be recorded as such in the register maintained by the transfer secretaries of the Company for the purpose of being entitled to attend and vote at the annual general meeting is Friday, 22 November 2013.
Read MoreSacOil’s focus will be developing existing assets
OIL exploration company SacOil is undergoing a “rebirth”, in which the company has set a two-year target to develop its oil assets in Africa, interim CE Roger Rees told Business Day on Tuesday
Read MoreIntegrated Annual Report 2013
By reporting on the financial and non-financial performance of the Group, SacOil Holdings Limited’s integrated report aims to provide an understandable and complete view of the business for the Group’s shareholders, potential investors and stakeholders.
Considerable effort has been expended on presenting concise and focused information. The content of this integrated report is deemed to be useful and relevant to our stakeholders, enabling them to evaluate the ability of SacOil to create and sustain stakeholder value. The Statement from the Board of Directors is provided, offering the reader a comprehensive, integrated and high level overview of the Group’s performance and outlook.
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