Finalisation Announcement for Name Change and Share Consolidation
SACOIL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: SCL
(“SacOil” or “the Company”)
FINALISATION ANNOUNCEMENT FOR NAME CHANGE AND SHARE CONSOLIDATION
Shareholders are referred to the SENS announcement released on 3 October 2017 wherein the Company advised that the resolutions to approve the change of the name of the Company and a share consolidation were approved by the requisite number of shareholders at the Company’s Annual General Meeting.
Shareholders are hereby advised that the Company has received confirmation of the registration of the resolutions from the Companies and Intellectual Property Commission (“CIPC”).
Shareholders should take note of the dates set out below.
Receive confirmation of registration by the CIPC of the special resolutions by this date or as soon as possible thereafter
Wednesday, 25 October
Release of finalisation announcement in respect of the Name Change and Share Consolidation on SENS
Thursday, 26 October
Last date to trade under the old name and in order to take part in the Share Consolidation
Tuesday, 7 November
Expected termination date for Trading under the name of “SacOil Holdings Limited” and commencement of trading under the new name “Efora Energy Limited”, under share code EEL Short name Efora and ISIN ZAE000248258 and with the new capital structure following the Share Consolidation from the commencement of trade
Wednesday, 8 November
Announcement of fraction rate to be released on SENS
Thursday, 9 November
Record date in respect of the Name Change and Share Consolidation
Friday, 10 November
Posting of share certificates in respect of Certificated SacOil Shares following the Name Change and Share Consolidation and update of Dematerialised shareholders accounts with their CSDP and Brokers
Monday, 13 November
(1) Share certificates in the old name may not be dematerialised or rematerialised from Wednesday, 8 November 2017.
PSG Capital Proprietary Limited
26 October 2017
For further information please contact:
SacOil Holdings Limited
+27 (0)10 591 2260
Buchanan (Financial PR adviser)
Ben Romney / Chris Judd
+44 (0)20 7466 5000
SacOil 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 and appraisal in the Democratic Republic of Congo; midstream project relating to crude trading in Nigeria and a majority interest in AfricOil, the petroleum product wholesaler. 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. The Company continues to evaluate industry opportunities throughout Africa as it seeks to establish itself as a leading, full-cycle pan-African oil and gas company.
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.