SacOil Holdings Limited RENEWAL OF CAUTIONARY ANNOUNCEMENT (4164R)

TIDMSAC

RNS Number : 4164R

SacOil Holdings Limited

25 October 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")

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the announcement dated 12 September 2013 containing details of the conversion of the Gairloch debt to equity (the "Specific Issue") and the capital raising of up to R570 million by way of a renounceable rights offer (the "Rights Offer").

As the pro forma financial effects of the Specific Issue and Rights Offer have not yet been published, in line with the JSE Listings Requirements, shareholders are advised to continue to exercise caution when dealing in the Company's securities until a further announcement is made.

25 October 2013

ENDS

Investment Bank, Corporate Advisor and JSE Sponsor

Nedbank Capital, a division of Nedbank Limited

Legal Advisor

Norton Rose Fulbright South Africa

Nominated Adviser and Broker

finnCap Limited

 
 For further information please contact: 
 SacOil Holdings Limited 
  Roger Rees / Tariro Mudzimuirema                 +27 (0)11 575 7232 
 Nedbank Capital, a division of Nedbank 
  Limited (Investment Bank, Corporate Advisor 
  and Sponsor)                                   +27 (0) 11 294 3524 
  Michelle Benade 
 
  finnCap Limited (Nominated Adviser and 
  Broker)                                         +44 (0) 20 7220 0500 
 Matthew Robinson / Christopher Raggett 
 
   FirstEnergy Capital (Joint Broker UK) 
   Majid Shafiq 
   Travis Inlow                                    +44 (0) 20 7448 0200 
 
   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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