SacOil Holdings Limited Appointment of Directors (2408J)
July 12 2013 - 9:30AM
UK Regulatory
TIDMSAC
RNS Number : 2408J
SacOil Holdings Limited
12 July 2013
SACOIL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE share code: SCL AIM share code: SAC
ISIN: ZAE000127460
("SacOil" or the "Company")
Appointment of Directors
SacOil is pleased to announce the formal appointment of Mr
Ignatius Sehoole as non-executive director and Mr Vusumzi Pikoli as
independent non-executive director of the Company with immediate
effect.
Mr Sehoole is a Chartered Accountant by qualification. He serves
as a member of the Board of Directors of the Public Investment
Corporation SOC Limited (the "PIC"). The other governance roles
that he fulfils at the PIC are as follows:
-- the Chairman of the Audit and Risk Committee;
-- the Chairman of the Social and Ethics Committee;
-- a member of the Human Resources and Remuneration Committee;
-- a member of the REAM Committee; and
-- a member of the Directors' Affairs Committee.
He also serves on the Board of Harith Fund Managers Proprietary
Limited, in which the PIC is a shareholder. Outside of the PIC, Mr
Sehoole serves on the Board of the Specialist Committee on Company
Law, as well as on the Accounting Standards Board. Previously he
was a member of the King Committee on Corporate Governance, a
President of the South African Institute of Chartered Accountants
and, until March 2010, the Chairman of the Audit Committee at the
National Treasury.
Mr Pikoli, an advocate by qualification, was previously the
National Director of Public Prosecutions, and was the head of the
National Prosecuting Authority. Prior to that he served as the
Director-General of the Department of Justice and Constitutional
Development. He is a former trustee of the Constitutional Court
Trust, and formerly a member of the International Association of
Anti-Corruption Authorities. Until February 2012 he was a director
of the Forensic Investigation division at SizweNtsalubaGobodo. He
previously also headed the forensics department at Gobodo Inc.
Currently he is an independent director on the Board of Cricket
South Africa, where he chairs the Social and Ethics Committee.
Mr Tito Mboweni, the Chairman of the Board of SacOil, commented
as follows on the appointments:
"I am delighted that these two gentlemen of highest standing
have agreed to join the board of SacOil Holdings Limited. Their
integrity and highest ethical standards will be an added bonus for
our business. I look forward to working with them in growing this
business into a giant pan-African enterprise".
The following further information in relation to the
appointments of Messrs Sehoole and Pikoli is disclosed in
accordance with Schedule 2(g) of the AIM Rules for Companies:
Full name: Ignatius Simon Sehoole
Age: 53
Current directorships and partnerships: Directorships and partnerships
held in the last 5 years:
---------------------------------------- -------------------------------------
Harith Fund Managers (Pty) Ltd PricewaterhouseCoopers Incorporated
---------------------------------------- -------------------------------------
Public Investment Corporation MTN Group Limited
SOC Limited
---------------------------------------- -------------------------------------
MTN Mobile Money Holdings (Pty) Accounting Standards Board
Ltd
---------------------------------------- -------------------------------------
MTN Service Provider (Pty) Ltd Mobile Telephone Networks (Pty)
Ltd
---------------------------------------- -------------------------------------
Sizasana Investment Holdings Thuthuka Education Upliftment
(Pty) Ltd Fund (Association Inc under Section
21)
---------------------------------------- -------------------------------------
Stand 163000 Jansen Park (Pty) Oltio (Pty) Ltd
Ltd
Mr Ignatius Sehoole does not currently hold any shares in the
capital of SacOil.
Full name: Vusumzi Patrick Pikoli
Age: 55
Current directorships and partnerships: Directorships and partnerships
held in the last 5 years:
---------------------------------------- ----------------------------------------
Cricket South Africa National Director of Public Prosecution
---------------------------------------- ----------------------------------------
Vee Pee Forensic Consultants Director General - Department
(Pty) Ltd of Justice and Constitutional
Development
---------------------------------------- ----------------------------------------
Rondolite (Pty) Ltd
---------------------------------------- ----------------------------------------
Bureau Of Justice Assistance
(Association Inc Under Section
21)
---------------------------------------- ----------------------------------------
Sizwentsalubagobodo Advisory
Services (Pty) Ltd
Mr Pikoli does not currently hold any shares in the capital of
SacOil.
12 July 2013
ENDS
JSE Sponsor
Nedbank Capital
For further information please contact:
finnCap Limited (Nominated Adviser and
Broker) +44 (0) 20 7220 0500
Matthew Robinson / Christopher Raggett
FirstEnergy Capital (Joint Broker UK)
Majid Shafiq
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GMP Securities Europe LLP (Joint Broker
UK)
Rob Collins
James Pope +44 (0) 20 7647 2800
Keyter Rech Investor Solutions (SA)
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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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