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Dealing in securities by a director

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21 Jun 2017

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”)

DEALING IN SECURITIES BY A DIRECTOR

In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings Requirements, the following information, relating to the dealings in the securities by a director, is disclosed:

Director:

Dr Thabo Kgogo

Status:

Executive Director - SacOil

Transaction date:

20 June 2017

Number of share:

(1)  200

(2)  130 800

Price per share:

(1)  19 cents

(2)  20 cents

Transaction value:

(1)  R38.00

(2)  R26 160.00

Type of securities:

Ordinary shares

Nature of transaction:

Purchase of shares on the open market

Extent of interest:

Direct beneficial

Written clearance obtained:

Yes

 

JSE Sponsor

PSG Capital Proprietary Limited

21 June 2017

 

For further information please contact:

SacOil Holdings Limited

Damain Matroos

+27 (0)10 591 2260

Buchanan (Financial PR adviser)

Ben Romney / Chris Judd

+44 (0)20 7466 5000

 

ABOUT SACOIL

SacOil is a South African based independent African oil and gas company, listed on the JSE. The Company has a diverse portfolio of assets spanning production in Egypt; exploration and appraisal in the Democratic Republic of Congo, Malawi and Botswana; midstream project relating to crude trading in Nigeria and a majority interest in Afric Oil, the petroleum product wholesaler.  Our focus as a Group is on delivering energy for the African continent by using Africa’s own resources to meet the significant growth in demand expected over the next decade.  The Company continues to evaluate industry opportunities throughout Africa as it seeks to establish itself as a leading, full-cycle pan-African oil and gas company.