SacOil Holdings Limited Transaction Completion (4601V)

TIDMSAC

RNS Number : 4601V

SacOil Holdings Limited

28 October 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")

Transaction Completion

Further to the announcement dated 23 October 2014, where the Board of SacOil confirmed that all the conditions precedent, as contained in the sale and purchase agreement dated 9 September 2014, to acquire Mena International Petroleum Company Ltd had been met and the acquisition had become unconditional, the Company can now confirm that application has been made for the 183,666,947 ordinary shares in the Company ("Consideration Shares") to be admitted to trading on AIM and it is expected that dealings will commence on 29 October 2014.

Following the admission to trading on AIM of the Consideration Shares on 29 October 2014, the Company's issued share capital will consist of 3,269,836,208 Ordinary Shares.

The total number of voting rights in the Company will be 3,269,836,208. The voting rights on all these shares are identical. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules following 29 October 2014.

28 October 2014

Johannesburg

JSE Sponsor

Nedbank Capital

 
  For further information please 
   contact: 
 finnCap Limited (Nominated 
  Adviser and Broker) 
 Matthew Robinson / Christopher      +44 (0) 20 7220 
  Raggett                             0500 
 FirstEnergy Capital (Financial 
  Adviser and Joint Broker UK) 
                                     +44 (0) 20 7448 
 Majid Shafiq / Travis Inlow          0200 
 
   Instinctif Partners London 
   (UK Investor Relations)             +44 (0)20 7457 
   David Simonson / Anca Spiridon      2020 
 Instinctif Partners Johannesburg 
  (SA Investor Relations) 
 Nicholas Williams / Fred Cornet     +27 (0)11 447 3030

This information is provided by RNS

The company news service from the London Stock Exchange

END

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