Dealings in Securities
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SACOIL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE share code: SCL / AIM share code: SAC
ISIN: ZAE000127460
(“SacOil” or “the Company”)
Dealings in Securities
In compliance with paragraphs 3.63 to 3.65 of the Listings Requirements of the JSE Limited (“JSE”), and pursuant to the admission of SacOil to the AIM Market of the London Stock Exchange (“the Admission”) as announced on the Securities Exchange News Service in South
Africa and on RNS in the UK, on 8 April 2011, the following information is disclosed:
|
Name: |
Colin Bird |
|
Name of company: |
SacOil Holdings Limited |
|
Position: |
Executive director |
|
Date of trade: |
6 May 2011 |
|
Number of securities: |
2,552,610 |
|
Class: |
Ordinary Shares |
|
Price: |
R2.14 |
|
Total value of the transaction: |
R5,462,585 |
|
Nature of Transaction: |
AIM admission bonus payable in SacOil ordinary shares within 30 days of the Admission in terms of Colin Bird`s service agreement and as approved by SacOil shareholders at a general |
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Nature of Trade: |
Off market |
|
Extent of interest: |
Direct beneficial |
|
Name of director: |
Robin Vela |
|
Designation : |
Chief executive officer |
|
Date of transaction: |
6 May 2011 |
|
Price of securities: |
R2.14 |
|
Number of securities: |
6,489,605 |
|
Total value: |
R13,887,755 |
|
Class of securities: |
Ordinary shares |
|
Nature of transaction: |
AIM admission bonus payable in SacOil ordinary shares within 30 days of the Admission in terms of Robin Vela`s service agreement and as approved by SacOil shareholders at a general meeting held on 31 March 2011 |
|
Nature of Trade: |
Off market |
|
Extent of interest: |
Direct beneficial |
Clearance to trade was given for the above director`s dealings in accordance with paragraph 3.66 of the Listings Requirements of JSE. Following this transaction, Mr Bird`s total beneficial interest in the Company is 7,852,610 ordinary shares, representing approximately 1.1 per cent of the issued share capital of Company.
Following this transaction, Mr Vela`s total beneficial interest in the Company is 11,839,196 ordinary shares, representing approximately 1.7 per cent of the issued share capital of the Company and is a beneficial holding held by Lonsa Capital (Proprietary) Limited which is controlled by Netgame Investments (Proprietary) Limited, a company that is controlled by Robin Vela.
The Company advises that an application has been made to the London Stock Exchange for a total of 9,042,215 new ordinary shares of no par value in SacOil to be admitted to trading. These shares are expected to be admitted to trading on AIM on 13 May 2011.
Details of the AIM admission bonuses payable under these service agreements were included within SacOil`s Appendix to AIM Announcement dated 8 March 2011.
11 May 2011
Sponsor
Standard Bank
For further information
|
Nominated Adviser and Joint Broker finnCap Limited Matthew Robinson/Ed Frisby |
+44 (0) 20 7600 1658 |
|
Joint Broker Shore Capital Stockbrokers Limited Jerry Keen/Dru Danford |
+44 (0) 20 7408 4090 |
|
Tavistock (Public Relations UK) Edward Portman / Jos Simson |
+44 (0) 20 7920 3150 |
|
The Riverbed Agency (Public Relations SA) Raphala Mogase/Bongiwe Moeli |
+27 (0) 11 783 7903 |
Additional information on SacOil can be found at www.sacoilholdings.com
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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.