Change in Classification of Directors
EFORA ENERGY LIMITED
(Formerly SacOil Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: EEL ISIN: ZAE000248258
(“Efora” or “the Company”)
CHANGE IN CLASSIFICATION OF DIRECTORS
In accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements and in keeping with sound corporate governance practices, the board of directors of the Company (“the Board”) wishes to advise that due to changes in his personal circumstances, Mr B Seruwe is no longer classified as an independent director.
The Board has resolved to appoint Ms Thuto Masasa, an independent director as lead independent director with immediate effect. Mr Seruwe will remain as the chairman of the Board.
23 November 2018
For further information please contact:
Efora Energy Limited
Damain Matroos +27 (0)10 591 2260
Buchanan (Financial PR adviser)
Ben Romney / Chris Judd +44 (0)20 7466 5000
Efora Energy Limited is a South African based independent African oil and gas company, listed on the JSE. The Company has a diverse portfolio of assets spanning production in Egypt; exploration in the Democratic Republic of Congo; a midstream project relating to crude trading in Nigeria and material downstream distribution operations throughout South Africa and Zimbabwe. Our focus as a Group is on delivering energy for the African continent by using Africa’s own resources to meet the significant growth in demand expected over the next decade.
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