21 Aug 2012 07:00
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")
21 August 2012
Johannesburg
Withdrawal of cautionary announcement - JSE regulatory requirement
In compliance with the JSE Limited ("JSE") Listings Requirement 3.9 and with reference to various cautionary announcements, with the most recent thereof dated 9 July 2012 released on the Stock Exchange News Service of the JSE and on the Regulatory News Service of the London Stock Exchange, SacOil shareholders ("shareholders") are advised that the Company continues to look at specific potential transactions in the ordinary course of business.
However, in light of uncertainty regarding the date on which an acquisition could be completed the Board and management of SacOil feel it prudent to withdraw from discussions until the negotiating parties are in a position where decisions can be made decisively and rapidly.
Accordingly, shareholders are advised that caution is no longer required to be exercised when dealing in the Company's securities.
ENDS
JSE Sponsor
Nedbank Capital
For further information please contact:
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finnCap Limited (Nominated Adviser and Broker) | +44 (0) 20 7220 0500 | |
Matthew Robinson / Christopher Raggett | ||
First Energy Capital (Joint Broker UK) Majid Shafiq Travis Inlow |
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+44 (0) 20 7448 0200
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GMP Securities Europe LLP (Joint Broker UK) James Pope Chris Beltgens |
+44 (0) 20 7647 2800 | |
Keyter Rech Investor Solutions (SA) Vanessa Ingram Lynne Bothma
The Riverbed Agency (SA) Raphala Mogase
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+27 (0) 11 447 2993
+27 (0) 11 783 7903 |
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 | |