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SCL
SCL
SCL - Sacoil Holdings Limited - Issue of Equity (AIM)
SACOIL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
AIM share code: SAC
JSE share code: SCL
ISIN: ZAE0000127460
31 January 2012
SacOil Holdings Limited
("SacOil" or the "Company")
Issue of Equity (AIM)
SacOil, the independent Pan-African upstream oil and gas company, announces
that it has raised ZAR5,000,000 by the issue of 11,111,112 new ordinary
shares of no par value in SacOil ("Ordinary Shares") to Peregrine Securities
Pty Ltd ("Peregrine") at a price of ZAR0.45 per Ordinary Share being a 10%
discount to the 30 day VWAP of Ordinary Shares on 16 January 2012, the day
prior to the signing of an irrevocable undertaking by Peregrine to subscribe
for Ordinary Shares.
Application has been made for these Ordinary Shares to be listed on the JSE
Limited ("JSE") and admitted to trading on the AIM Market of the London Stock
Exchange plc and such listing and admission are expected to occur by no later
than 1 February 2012.
For further information, please contact:
JSE Sponsor
The Standard Bank of South Africa Limited
AIM Nominated Adviser and Joint Broker
finnCap Ltd
Matthew Robinson / Christopher Raggett +44 (0)20 7220 0500
Joint Broker (United Kingdom)
Shore Capital Stockbrokers Ltd
Jerry Keen / Bidhi Bhoma +44 (0)20 7408 4090
Public Relations (South Africa)
The Riverbed Agency (SA)
Raphala Mogase / Bongiwe Moeli +27 (0) 11 783 7903
Public Relations (United Kingdom)
Pelham Bell Pottinger (UK)
Philip Dennis/ Nick Lambert/Rollo Crichton- +44 (0)20 7861 3232
Stuart
Date: 01/02/2012 07:05:50 Produced by the JSE SENS Department.
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