SCL - SacOil Holdings Limited - Legal action taken against SacOil
SCL
SCL
SCL - SacOil Holdings Limited - Legal action taken against SacOil
SacOil Holdings Limited
Incorporated in the Republic of South Africa
Registration number: 1993/000460/06
Share code: SCL
ISIN code: ZAE000127460
("SacOil" or "the Company")
Legal action taken against SacOil
SacOil shareholders ("Shareholders") are referred to the previous announcement
published on SENS on 15 September 2010 ("the Announcement") in which
Shareholders were advised that the Company had been cited as defendant in an
action instituted by one Joseph Gadifele Modibane ("the Plaintiff") in the North
Gauteng High Court.
Shareholders are advised that the Company is now in receipt of a second summons
from the Plaintiff citing the Company as first defendant in another action
instituted in the North Gauteng High Court. In his particulars of claim the
Plaintiff alleges that the content of the Announcement was defamatory of the
Plaintiff and claims payment from the Company of damages in the amount of R80
000 000.
The Company believes the claim is without substance and has instructed its legal
representatives, Deneys Reitz, to vigorously defend the action.
Midrand
22 September 2010
Sponsor
BDO Corporate Finance
Date: 22/09/2010 16:47:01 Produced by the JSE SENS Department.
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