SacOil Holdings Limited General meeting results & Directors appointment (9345U)
December 06 2013 - 8:02AM
UK Regulatory
TIDMSAC
RNS Number : 9345U
SacOil Holdings Limited
06 December 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")
RESULTS OF GENERAL MEETING AND APPOINTMENT OF DIRECTORS
SacOil Shareholders are referred to the notice of general
meeting attached to the circular posted to Shareholders on 7
November 2013 (the "Circular") containing details of the conversion
of the Gairloch debt to equity and the capital raising of up to
R570 million by way of a renounceable rights offer.
Capitalised terms in this announcement shall have the same
meaning given to them in the Circular, unless the context indicates
otherwise.
1. Results of the General Meeting
Shareholders are advised that, at the General Meeting held
today, all the ordinary and special resolutions tabled were
approved by the requisite majority of votes required from
Shareholders present in person or represented by proxy.
The special resolution passed at the General Meeting will be
filed with, and registered where required, by the Companies and
Intellectual Property Commission.
2. Appointment of Directors
At the General Meeting, Mr Danladi Verheijen and Ms Lola
Akinleye were appointed as non-executive Directors of the Company
with effect from the Completion Date (as defined in Annexure 5 of
the Circular), which is expected to be on or about Monday, 27
January 2014.
The following further information in relation to the
appointments of Mr Verheijen and Ms Akinleye is disclosed in
accordance with Schedule 2(g) of the AIM Rules for Companies:
Full name: Mr Danladi Michael Verheijen
Age: 37
Experience and principal Danladi is the managing director
activities: of Verod Capital Management Limited
("Verod"), a West African focused
investment firm, which he co-founded
in 2008. Verod invests in high growth,
medium-sized companies across several
sectors, including consumer products,
manufacturing, technology/media and
real estate. He previously was a
Vice President at Citibank Nigeria
where he led corporate finance and
investment banking transactions.
He also had responsibility over Citibank's
equity investment portfolio and represented
the bank on the investment and advisory
committee of Nigeria's largest private
equity firm. Prior to that, he held
roles at Ocean and Oil Holdings and
at McKinsey & Company.
Current directorships Verod
and partnerships: Harvard Business School Association
of Nigeria
Christian Care for Widows and the
Aged
Directorships and partnerships Royal Exchange Finance and Investment
held in the last five Limited
years: Energy Equity Resources (Norway)
Limited
Full name: Titilola Abisoye Akinleye
Age: 41
Experience and principal Lola has over 15 years' finance and
activities: investment banking experience with
significant experience in corporate
finance advisory, equity and debt
capital raising, structured project
finance and with public and private
partnerships for development of infrastructure.
She began her career at General Electric
London and has held roles at JP Morgan,
ARM Investment Managers and Zenith
Capital.
Current directorships SMARTT Futures Resources Limited
and partnerships: VIDA Fashions Limited
Tatin True Concepts Limited
SNL Internautical Limited
Directorships and partnerships None
held in the last five
years:
Johannesburg
6 December 2013
JSE Sponsor
Nedbank Capital
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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