SacOil Holdings Limited JSE Cautionary Announcement (1548A)
December 18 2014 - 4:00AM
UK Regulatory
TIDMSAC
RNS Number : 1548A
SacOil Holdings Limited
18 December 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")
JSE CAUTIONARY ANNOUNCEMENT
In terms of paragraph 3.9 of the JSE Listings Requirements,
immediately after an issuer acquires knowledge of any material
price sensitive information and the necessary degree of
confidentiality of such information cannot be maintained, an issuer
must publish a cautionary announcement.
As such, shareholders are advised that, in line with SacOil's
strategy to focus on proven resources as a base for growth, the
Company has embarked on a process of balancing and rationalising
its portfolio of assets. The objective of the rationalisation is to
restructure the company's capital needs and focus on cash
generative assets. If successful the portfolio rationalisation may
have a material effect on the price of the Company's securities. In
particular, SacOil is considering the cancellation of an agreement
to participate in an appraisal asset in Nigeria. As yet, no
transaction has been formalized and there can be no guarantee as to
the terms or conditions attached to any cancellation of this asset.
Further updates will be made in due course.
Accordingly, shareholders are advised to exercise caution when
dealing in the Company's securities until a full announcement is
made.
JSE Sponsor
PSG Capital Proprietary Limited
18 December 2014
For further information please contact:
SacOil Holdings Limited +27 (0)11 575
Tariro Mudzimuirema 7232
finnCap Limited (Nominated Adviser and Broker) +44 (0) 20 7220
Matthew Robinson / Christopher Raggett 0500
FirstEnergy Capital (Financial Adviser and Joint
Broker UK) +44 (0) 20 7448
Travis Inlow 0200
Instinctif Partners London (UK Investor Relations) +44 (0)20 7457
David Simonson / Anca Spiridon 2020
Instinctif Partners Johannesburg (SA Investor
Relations) +27 (0)11 447
Nicholas Williams / Fred Cornet 3030
This information is provided by RNS
The company news service from the London Stock Exchange
END
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