SacOil Holdings Limited CAUTIONARY ANNOUNCEMENT (7873A)

TIDMSAC

RNS Number : 7873A

SacOil Holdings Limited

24 February 2014

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")

CAUTIONARY ANNOUNCEMENT

Shareholders are hereby advised that the Company has entered into an expression of interest ("EoI") dated 19 February 2014 with The Instituto De Gestão Das Participações Do Estado, an entity that manages investment portfolios and shares on behalf of the Government of the Republic of Mozambique, and The Public Investment Corporation (SOC) Limited to investigate gas opportunities relating to the future distribution of gas in Southern Africa.

The purpose of the EoI is purely to govern the preliminary discussions, and formalise the relationship, between the parties. These discussions are at a very early stage, with the intention of concluding a formal memorandum of understanding by the end of March 2014.

The above-mentioned may have a material effect on the price of SacOil's shares and accordingly shareholders are advised to exercise caution when dealing in the Company's shares until a further announcement is made.

Johannesburg

24 February 2014

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 (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

MSCQKQDBNBKDKBB

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