SacOil Holdings Limited Trading Statement (0896I)

TIDMSAC

RNS Number : 0896I

SacOil Holdings Limited

27 May 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: ZAE0000127460

("SacOil" or "the Company" or "the Group")

TRADING STATEMENT

In accordance with paragraph 3.4 (b) of the Listing Requirements of the JSE Limited, companies are required to inform shareholders as soon as there is a reasonable degree of certainty that the earnings of the company are likely to vary by more than 20% compared to the previous reporting period.

Shareholders are hereby advised that the Group expects to report:

-- basic earnings per share between 1.25 cents and 1.49 cents per share for the year ended 28 February 2014 compared to a reported basic loss per share of 6.10 cents for the year ended 29 February 2013; and

-- headline earnings per share between 1.25 cents and 1.49 cents per share for the year ended 28 February 2014 compared to a reported headline loss per share of 8.10 cents for the year ended 29 February 2013.

The information in this trading statement has neither been reviewed nor reported on by the Company's external auditors.

The financial results for the year ended 28 February 2014 are expected to be released on or about 28 May 2014.

Johannesburg

27 May 2014

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 
  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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