SacOil Holdings Limited Appointment of Non-Executive Directors (5758C)
April 18 2017 - 5:05AM
UK Regulatory
TIDMSAC
RNS Number : 5758C
SacOil Holdings Limited
18 April 2017
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" or "the Group")
APPOINTMENT OF NON-EXECUTIVE DIRECTORS
Further to the announcement of 22 March 2017, SacOil are pleased
to announce that the Board has confirmed the appointments of Ms
Thuto Masasa, Mr Patrick Mngconkola and Mr Boas Seruwe as
Non-Executive Directors with immediate effect following the
completion of satisfactory due diligence as required by the AIM
Rules for Companies.
The following information is disclosed under Schedule 2(g) of
the AIM Rules for Companies:
Ms Thuto Margaret Masasa, aged 37, does not currently hold any
ordinary shares in the Company.
Current directorships and/or Former directorships
partnerships: and/or partnerships (within
the last 5 years):
Nkonki Incorporated Stratvest Explorer 1
Nkonki Corporate Finance Stratvest Explorer 2
Incorporated Stratvest Explorer 3
Nkonki Praxley Corporate StratCorp
Finance Incorporated StratCorp Property Holdings
Mpumalanga Economic Growth
Agency
Londvolota Trust
Beyond The Lemonade Stand
Wheelsonus
K2015052963 (SOUTH AFRICA)
Eliowell
Mathews College
Mr Sebenzile Patrick Mngconkola, aged 54, does not currently
hold any ordinary shares in the Company.
Current directorships and/or Former directorships
partnerships: and/or partnerships (within
the last 5 years):
Public Investments Corporation Government Employees
(SOC) Limited Pension Fund of South
V And A Waterfront Holdings Africa
Pty Ltd
Victoria And Alfred Waterfront
Holdings Pty Ltd
Growthpoint Properties Limited
Harith General Partners
(Pty) Ltd
Luminox Pty
Mr Take Boas Seruwe, aged 51, does not currently hold any
ordinary shares in the Company.
Current directorships and/or Former directorships
partnerships: and/or partnerships (within
the last 5 years):
Bakubung Business Supplies Unemployment Insurance
(Pty) Ltd Fund
Bophelo Insurance Group
(Pty) Ltd
Nzalo Insurance Services
Limited
Daybreak Farms (Pty) Ltd
Bakubung Distribution (Pty)
Ltd
Phaphamani Advertising Agency
(Pty) Ltd
Save as disclosed above there are no additional disclosures to
be made in accordance with Rule 17 or Schedule Two paragraph (g) of
the AIM rules regarding Ms Thuto Masasa, Mr Patrick Mngconkola and
Mr Boas Seruwe.
JSE Sponsor
PSG Capital Proprietary Limited
For further information please contact:
SacOil Holdings Limited
Damain Matroos
+27 (0)10 591 2260
finnCap Limited (Nominated adviser and broker)
Christopher Raggett and James Thompson
+44 (0) 20 7220 0500
Buchanan (Financial PR adviser)
Ben Romney / Chris Judd
+44 (0)20 7466 5000
ABOUT SACOIL
SacOil is a South African based independent African oil and gas
company, dual-listed on the JSE and AIM. The Company has a diverse
portfolio of assets spanning production in Egypt; exploration and
appraisal in the Democratic Republic of Congo, Malawi and Botswana;
and midstream projects including crude trading in Nigeria and a
terminal project in Equatorial Guinea. Our focus as a Group is on
delivering energy for the African continent by using Africa's own
resources to meet the significant growth in demand expected over
the next decade. The Company continues to evaluate industry
opportunities throughout Africa as it seeks to establish itself as
a leading, full-cycle pan-African oil and gas company.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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