25th Oct 2013 11:30
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")
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the announcement dated 12 September 2013 containing details of the conversion of the Gairloch debt to equity (the "Specific Issue") and the capital raising of up to R570 million by way of a renounceable rights offer (the "Rights Offer").
As the pro forma financial effects of the Specific Issue and Rights Offer have not yet been published, in line with the JSE Listings Requirements, shareholders are advised to continue to exercise caution when dealing in the Company's securities until a further announcement is made.
25 October 2013
ENDS
Investment Bank, Corporate Advisor and JSE Sponsor
Nedbank Capital, a division of Nedbank Limited
Legal Advisor
Norton Rose Fulbright South Africa
Nominated Adviser and Broker
finnCap Limited
For further information please contact: | ||
SacOil Holdings Limited Roger Rees / Tariro Mudzimuirema
|
+27 (0)11 575 7232 | |
Nedbank Capital, a division of Nedbank Limited (Investment Bank, Corporate Advisor and 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