SacOil Holdings Limited Appointment of Vice President Finance (7969I)
July 31 2012 - 2:02AM
UK Regulatory
TIDMSAC
RNS Number : 7969I
SacOil Holdings Limited
31 July 2012
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")
Appointment of Vice President Finance and Change to the board of
directors
SacOil, the independent African upstream oil & gas company,
is pleased to announce the appointment of Mr Craig Campbell as Vice
President Finance of SacOil with effect from 1 September 2012.
Following the appointments of Willem de Meyer as Vice President
Commercial and Jordaan Fouche as Vice President Technical and New
Business, the appointment of Craig is a further key step in
strengthening SacOil's management team and to executing the
Company's growth strategy given his experience in financial
management and project financing of resource assets.
Craig has served in senior financial roles and on the boards of
resources companies listed on the JSE Limited, AIM market of the
London Stock Exchange, Australian Securities Exchange and Toronto
Stock Exchange. He has extensive exposure to and knowledge of the
development of significant resource exploration projects, corporate
governance and corporate finance as well as international financial
reporting standards across a number of jurisdictions. Craig is a
member of the South African Institutes of Chartered Accountants and
Directors.
The Board takes this opportunity to welcome Craig in
anticipation of the valuable contribution he will make to the
SacOil group.
Further to the above, Mrs Carina de Beer has resigned as
Financial Director of SacOil with effect from 30 July 2012 though
she will remain with the Company for the next six months to ensure
a smooth transition of responsibilities. The Board wishes to thank
Carina for her commitment to SacOil over the past two years.
A further announcement will be made as soon as the appointment
of a new financial director to the board of SacOil has been
finalised.
31 July 2012
JSE Sponsor
Nedbank Capital
For further information please contact:
finnCap Limited (Nominated Adviser and
Broker) +44 (0) 20 7220 0500
Matthew Robinson / Christopher Raggett
First Energy Capital (Joint Broker UK)
Majid Shafiq
Travis Inlow +44 (0) 20 7448 0200
GMP Securities Europe LLP (Joint Broker
UK)
James Pope
Chris Beltgens +44 (0) 20 7647 2800
Keyter Rech Investor Solutions (SA) +27 (0) 11 447 2993
Vanessa Ingram
Lynne Bothma
The Riverbed Agency (SA)
Raphala Mogase +27 (0) 11 783 7903
Pelham Bell Pottinger (UK)
Philip Dennis +44 (0) 20 7861 3919
Nick Lambert +44 (0) 20 7861 3936
Rollo Crichton-Stuart +44 (0) 20 7861 3918
This information is provided by RNS
The company news service from the London Stock Exchange
END
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