SacOil Holdings Limited Appointment of Vice President Finance (7969I)

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

BOABGGDRUDXBGDG

Sacoil (LSE:SAC)
Historical Stock Chart
From May 2024 to Jun 2024