24th Feb 2014 13:40
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")
CAUTIONARY ANNOUNCEMENT
Shareholders are hereby advised that the Company has entered into an expression of interest ("EoI") dated 19 February 2014 with The Instituto De Gestão Das Participações Do Estado, an entity that manages investment portfolios and shares on behalf of the Government of the Republic of Mozambique, and The Public Investment Corporation (SOC) Limited to investigate gas opportunities relating to the future distribution of gas in Southern Africa.
The purpose of the EoI is purely to govern the preliminary discussions, and formalise the relationship, between the parties. These discussions are at a very early stage, with the intention of concluding a formal memorandum of understanding by the end of March 2014.
The above-mentioned may have a material effect on the price of SacOil's shares and accordingly shareholders are advised to exercise caution when dealing in the Company's shares until a further announcement is made.
Johannesburg
24 February 2014
JSE Sponsor
Nedbank Capital
For further information please contact: | ||
SacOil Holdings Limited Roger Rees / Tariro Mudzimuirema
|
+27 (0)11 575 7232 | |
Nedbank Capital, a division of Nedbank Limited (Sponsor) Michelle Benade
finnCap Limited (Nominated Adviser and Broker) | +27 (0) 11 294 3524
+44 (0) 20 7220 0500 | |
Matthew Robinson / Christopher Raggett | ||
FirstEnergy Capital (Joint Broker UK) Majid Shafiq Travis Inlow |
|
+44 (0) 20 7448 0200
|
Pelham Bell Pottinger (UK) | ||
Philip Dennis | +44 (0) 20 7861 3919 | |
Nick Lambert | +44 (0) 20 7861 3936 | |
Rollo Crichton-Stuart | +44 (0) 20 7861 3918 | |
Related Shares:
SAC.L