SacOil Holdings Limited FURTHER CAUTIONARY ANNOUNCEMENT (7484D)
February 02 2015 - 8:00AM
UK Regulatory
TIDMSAC
RNS Number : 7484D
SacOil Holdings Limited
02 February 2015
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")
FURTHER CAUTIONARY ANNOUNCEMENT
In compliance with JSE Limited ("JSE") Listings Requirement 3.9
an issuer that has published a cautionary announcement must provide
updates thereon in the required manner and within the time limits
prescribed.
With reference to the cautionary announcement published on 18
December 2014 on the Stock Exchange News Service of the JSE and on
the Regulatory News Service of the London Stock Exchange, SacOil
shareholders ("Shareholders") are advised that the Company is still
in the process of considering its portfolio rationalisation, which,
if successfully concluded, may have a material effect on the price
of SacOil ordinary shares ("Shares"). 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 continue to exercise
caution when
dealing in their Shares until a further announcement is made in
this regard.
JSE Sponsor
PSG Capital Proprietary Limited
2 February 2015
For further information please contact:
SacOil Holdings Limited +27 (0)11 575
Tariro Mudzimuirema 7232
finnCap Limited (Nominated Adviser
and Broker) +44 (0) 20
Matthew Robinson / Christopher Raggett 7220 0500
FirstEnergy Capital (Financial Adviser
and Joint Broker UK) +44 (0) 20
Travis Inlow 7448 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 / Tshepo Mophiring 3030
This information is provided by RNS
The company news service from the London Stock Exchange
END
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