SAC Sacoil

TIDMSAC

RNS Number : 3615G

SacOil Holdings Limited

11 May 2011

SACOIL HOLDINGS LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1993/000460/06)

JSE share code: SCL

AIM share code: SAC

ISIN: ZAE0000127460

("SacOil" or "the Company")

DEALING 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 of director: Colin Bird

Designation: Executive director

Date of transaction: 6 May 2011

Price of securities: R2.14

Number of ordinary shares: 2,552,610

Total value R5,462,585

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 Colin Bird'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

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 LonsaCapital (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.

Bryanston

11 May 2011

Sponsor

Standard Bank

 
 Legal Adviser 
 Deneys Reitz Inc. 
 

For further information, please contact:

United Kingdom Enquiries

Tavistock Communications

Jos Simson/ Ed Portman

Tel: +44 (0)20 7920 3150

South African Enquiries

The Riverbed Agency

Raphala Mogase / Bongiwe Moeli

Tel: +27 (0)11 783 7903

finnCap Ltd

Nominated Adviser

Matthew Robinson/Ed Frisby

Tel: +44 (0) 20 7600 1658

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSQFLBFFEFEBBX