11 May 2011 07:55
SACOIL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE share code: SCL
AIM share code: SAC
ISIN: ZAE0000127460
("SacOil" or "the Company")
DEALING IN SECURITIES
In compliance with paragraphs 3.63 to 3.65 of the Listings Requirements of the JSE Limited ("JSE"), and pursuant to the admission of SacOil to the AIM Market of the London Stock Exchange ("the Admission") as announced on the Securities Exchange News Service in South Africa and on RNS in the UK, on 8 April 2011, the following information is disclosed:
Name of director: Colin Bird
Designation: Executive director
Date of transaction: 6 May 2011
Price of securities: R2.14
Number of ordinary shares: 2,552,610
Total value R5,462,585
Class of securities: Ordinary shares
Nature of transaction: AIM admission bonus payable in SacOil ordinary shares within 30 days of the
Admission in terms of Colin Bird's
service agreement and as approved by SacOil shareholders at a general meeting held on 31 March 2011
Nature of Trade: Off market
Extent of interest: Direct beneficial
Name of director: Robin Vela
Designation: Chief executive officer
Date of transaction: 6 May 2011
Price of securities: R2.14
Number of securities: 6,489,605
Total value: R13,887,755
Class of securities: Ordinary shares
Nature of transaction: AIM admission bonus payable in SacOil ordinary shares within 30 days of the
Admission in terms of Robin Vela's
service agreement and as approved by SacOil shareholders at a general meeting held on 31 March 2011
Nature of Trade: Off market
Extent of interest: Direct beneficial
Clearance to trade was given for the above director's dealings in accordance
with paragraph 3.66 of the Listings Requirements of JSE.
Following this transaction, Mr Bird's total beneficial interest in the Company is 7,852,610 ordinary shares, representing approximately 1.1 per cent. of the issued share capital of Company.
Following this transaction, Mr Vela's total beneficial interest in the Company is 11,839,196 ordinary shares, representing approximately 1.7 per cent. of the issued share capital of the Company and is a beneficial holding held by LonsaCapital (Proprietary) Limited which is controlled by Netgame Investments (Proprietary) Limited, a company that is controlled by Robin Vela.
The Company advises that an application has been made to the London Stock Exchange for a total of 9,042,215 new ordinary shares of no par value in SacOil to be admitted to trading. These shares are expected to be admitted to trading on AIM on 13 May 2011.
Details of the AIM admission bonuses payable under these service agreements were included within SacOil's Appendix to AIM Announcement dated 8 March 2011.
Bryanston
11 May 2011
Sponsor
Standard Bank
Legal Adviser |
Deneys Reitz Inc. |
For further information, please contact:
United Kingdom Enquiries
Tavistock Communications
Jos Simson/ Ed Portman
Tel: +44 (0)20 7920 3150
South African Enquiries
The Riverbed Agency
Raphala Mogase / Bongiwe Moeli
Tel: +27 (0)11 783 7903
finnCap Ltd
Nominated Adviser
Matthew Robinson/Ed Frisby
Tel: +44 (0) 20 7600 1658