Name Change and Share Consolidation Update
EFORA ENERGY LIMITED
(Formerly SacOil Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: EEL
(“Efora” or “the Company”)
NAME CHANGE AND SHARE CONSOLIDATION UPDATE
The Company is pleased to announce that it has formally commenced trading under the new name of Efora Energy Limited (“Efora”), with the share code EEL and ISIN ZAE000248258.
Efora also announces the commencement of a new capital structure following the Share Consolidation as voted for at the Annual General Meeting held on 2 October. The Consolidation is on the basis of 10 to 1 by the consolidation of every 10 Ordinary Shares into 1 Ordinary Share.
Commenting on the update, Efora’s CEO Dr Thabo Kgogo said:
“I am delighted to formally introduce Efora Energy to all our stakeholders. The name change represents a symbolic and exciting new chapter in this Company’s story as we leverage the pancontinental footprint and diverse portfolio of assets that we have strategically pieced together over the past few years. The name Efora, which stands for Energy for Africa, has been chosen as it aptly reflects our vision of playing a meaningful role in the positive socioeconomic development of the continent through the provision and distribution of essential fuel products. Efora is a name that we hope will become synonymous in the industry with credible and safe operations, best practice Governance and long-term, sustainable value creation for our shareholders.”
PSG Capital Proprietary Limited
8 November 2017
For further information please contact:
Efora Energy Limited
+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 and appraisal in the Democratic Republic of Congo; midstream project relating to crude trading in Nigeria and material downstream distribution operations throughout Southern Africa. 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.
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.