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Results of the Annual General Meeting

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02 Oct 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”)

RESULTS OF THE ANNUAL GENERAL MEETING               

In terms of paragraph 3.91 of the JSE Listings Requirements, shareholders are hereby advised that all the ordinary resolutions and special resolutions, as set out in the notice of the Annual General Meeting (“AGM”) save for Ordinary Resolution 3.1 which was withdrawn at the AGM, were passed by the requisite majority of shareholder votes cast by shareholders present or represented by proxy at the AGM held on 1 October 2015 at 12 Culross Road, Bryanston, South Africa.

Altogether 80.65% of voteable shares in issue, being 2 637 053 320 shares, were represented at the AGM.

The detailed results of the voting are as follows:

  

Resolution

Number of shares voted

 

% voted of  issued shares

%

ABSTAINED of issued shares

% AGAINST of shares

voted

% FOR of shares

voted

Ordinary No. 1.1:

Confirmation of appointment of executive director, T Kgogo

 

2 637 014 487

80.65

0.01

0.00

100

Ordinary No. 1.2:

Confirmation of appointment of executive director, D Matroos

 

2 637 014 487

80.65

0.01

0.01

99.99

Ordinary No. 2:

Reappointment of auditors, Ernst & Young

 

2 637 014 487

80.65

0.01

0.00

100

Ordinary No. 3.1:

Re-election of director who retires by rotation, G Moseneke

 

WITHDRAWN

 

 

 

 

Ordinary No. 3.2:

Re-election of director who retires by rotation, I Sehoole

 

2 618 839 487

80.09

0.56

0.00

100

Ordinary No. 3.3:

Re-election of director who retires by rotation, V Pikoli

 

2 637 014 487

80.65

0.01

0.69

99.31

Ordinary No. 4.1:

Election of audit committee chairman, S Muller

2 637 014 487

80.65

0.01

0.00

100

 

 

 

 

 

 

Ordinary No. 4.2:

Election of audit committee member, V Pikoli

2 637 014 487

80.65

0.01

0.69

99.31

 

 

 

 

 

 

Ordinary No. 4.3: Election of audit committee member, M Maqetuka

 

2 637 014 487

80.65

0.01

0.069

99.31

Ordinary No. 5: Endorsement of the Company’s remuneration policy

 

2 637 014 487

80.65

0.01

0.7

99.3

Ordinary No. 6:  Approval for the general authority to directors to allot and issue authorised but unissued ordinary shares

            

2 637 014 487

80.65

0.01

1.77

98.23

Ordinary No. 7:  Approval for the general authority to issue shares for cash

 

2 637 014 487

80.65

0.01

1.77

98.23

Ordinary No. 8:  Approval for the authority to sign all required documentation

 

2 637 014 487

80.65

0.01

0.00

100

Special No. 1: Approval for the general authority to acquire / repurchase shares

 

2 637 014 487

80.65

0.01

0.00

100

Special No. 2: Approval of the remuneration of non-executive directors

 

2 637 014 487

80.65

0.01

0.7

99.3

Special No. 3: Approval of financial assistance in terms of Section 44 and 45 of the Companies Act

 

2 618 839 487

80.09

0.56

0.00

100

Bryanston

2 October 2015

 

JSE Sponsor

PSG Capital Proprietary Limited

 

For further information please contact:

SacOil Holdings Limited                    

Damain Matroos                       

+27 (0)11 463 6884

 

finnCap Limited (Nominated Adviser and broker)                                   

Christopher Raggett and James Thompson

+44 (0) 20 7220 0500

 

FirstEnergy Capital (Financial Adviser and Joint Broker UK)                      

Hugh Sanderson / David van Erp

+44 (0) 20 7448 0200