SacOil Holdings Limited Addendum to Notice of Annual General Meeting (4961S)
November 07 2013 - 10:00AM
UK Regulatory
TIDMSAC
RNS Number : 4961S
SacOil Holdings Limited
07 November 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")
Addendum to Notice of Annual General Meeting
Shareholders are referred to the announcement dated 12 September
2013 regarding the establishment of various Board sub-committees
and the announcements dated 17 September 2013 and 23 September 2013
containing details of the Company's annual general meeting,
scheduled to be held on Friday, 29 November 2013 at 10:00 at 2nd
Floor, The Gabba, Dimension Data Campus, 57 Sloane Street,
Bryanston ("the Annual General Meeting").
On 23 September 2013 the Company circulated a notice of Annual
General Meeting ("the Notice") dealing with, inter alia, the
election of Audit Committee members. The JSE Limited subsequently
informed the Company that its Audit Committee would not be properly
constituted according to the requirements of the JSE Limited
Listings Requirements ("the Listings Requirements"), if Ordinary
Resolution Number 3 - Election of Audit Committee Members, as
contained in the Notice, was passed by the shareholders, as the
Listings Requirements require an audit committee to be comprised of
at least three independent non-executive directors, as recommended
by the revised Code of and Report on Governance Principles for
South Africa (King III).
In order to ensure compliance with the Listings Requirements the
Notice must be amended to include an ordinary resolution that
proposes, for election as Audit Committee members, directors who
meet the requirements of the Listings Requirements. Accordingly,
the Company has today distributed to shareholders an addendum to
the Notice, which amends Ordinary Resolution Number 3 by replacing
Ignatius Sehoole, who is a non-executive director, with Vusi
Pikoli, an independent non-executive director, to ensure compliance
with the Listings Requirements.
The date, time and location of the Annual General Meeting remain
unchanged.
7 November 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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