SACOIL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE share code: SCL AIM share code: SAC
(“SacOil” or the “Company”)
JSE CAUTIONARY ANNOUNCEMENT
In terms of paragraph 3.9 of the JSE Listings Requirements, immediately after an issuer acquires knowledge of any material price sensitive information and the necessary degree of confidentiality of such information cannot be maintained, an issuer must publish a cautionary announcement.
As such, shareholders are advised that SacOil has entered into non-binding negotiations (“the Potential Transaction”) which, if successfully concluded, may have a material effect on the price of the Company’s securities.
Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until a full announcement is made.
CLARIFICATION OF RECENT MEDIA COVERAGE
SacOil advises that, contrary to a recent press report, it is not in discussions and/or negotiations to make an acquisition of a production asset in Nigeria nor is it seeking to acquire any asset producing 5,000 barrels of oil per day. However, SacOil in its normal course of business continuously seeks opportunities to expand and optimise its portfolio of upstream assets, and will engage in informal discussions from time to time with several parties regarding such opportunities.
11 August 2014
For further information please contact:
SacOil Holdings Limited
+27 (0)11 575 7232
Nedbank Capital, a division of Nedbank Limited (Sponsor)
+27 (0) 11 294 3524
finnCap Limited (Nominated Adviser and Broker)
Matthew Robinson / Christopher Raggett
+44 (0) 20 7220 0500
FirstEnergy Capital (Joint Broker UK)
+44 (0) 20 7448 0200
Pelham Bell Pottinger (UK)
+44 (0) 20 7861 3919
+44 (0) 20 7861 3936
+44 (0) 20 7861 3918
IMPORTANT NOTICE TO SHAREHOLDERS REGARDING THEIR SHARES
If you are in any doubt as to what action you should take, consult your CSDP, Broker, Banker, Legal Adviser, Accountant or other professional advisers immediately.
Or visit our Shareholder Information page for more information regarding your shareholding and share certificate.