28 Oct 2014
SACOIL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: SCL AIM Share Code: SAC
(“SacOil” or “the Company”)
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 and traded 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
For further information please contact:
finnCap Limited (Nominated Adviser and Broker)
Matthew Robinson / Christopher Raggett
+44 (0) 20 7220 0500
FirstEnergy Capital (Financial Adviser and Joint Broker UK)
Majid Shafiq / Travis Inlow
+44 (0) 20 7448 0200
Instinctif Partners London (UK Investor Relations)
David Simonson / Anca Spiridon
+44 (0)20 7457 2020
Instinctif Partners Johannesburg (SA Investor Relations)
Nicholas Williams / Fred Cornet
+27 (0)11 447 3030