Issue of Equity (5133W)
January 31 2012 - 11:00AM
UK Regulatory
TIDMSAC
RNS Number : 5133W
SacOil Holdings Limited
31 January 2012
SACOIL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
AIM share code: SAC
JSE share code: SCL
ISIN: ZAE0000127460
31 January 2012
London
SacOil Holdings Limited
("SacOil" or the "Company")
Issue of Equity ('AIM')
SacOil, the independent Pan-African upstream oil and gas
company, announces that it has raised ZAR5, 000,000 by the issue of
11,111,112 new ordinary shares of no par value in SacOil ("Ordinary
Shares") to Peregrine Securities Pty Ltd ('Peregrine') at a price
of ZAR0.45 per Ordinary Share being a 10% discount to the 30 day
VWAP of Ordinary Shares on 16 January 2012, the day prior to the
signing of an irrevocable undertaking by Peregrine to subscribe for
Ordinary Shares.
Application has been made for these Ordinary Shares to be listed
on the JSE Limited ('JSE') and admitted to trading on the AIM
Market of the London Stock Exchange plc and such listing and
admission are expected to occur no later than 1 February 2012.
For further information, please contact:
JSE Sponsor
The Standard Bank of South Africa Limited
AIM Nominated Adviser and Joint Broker
finnCap Ltd
Matthew Robinson / Christopher Raggett +44 (0)20 7220 0500
Joint Broker (United Kingdom)
Shore Capital Stockbrokers Ltd
Jerry Keen / Bidhi Bhoma +44 (0)20 7408 4090
Public Relations (South Africa)
The Riverbed Agency (SA)
Raphala Mogase / Bongiwe Moeli +27 (0) 11 783 7903
Public Relations (United Kingdom)
Pelham Bell Pottinger (UK)
Philip Dennis/ Nick Lambert/Rollo Crichton-Stuart +44 (0)20 7861 3232
This information is provided by RNS
The company news service from the London Stock Exchange
END
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