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SacOil Holdings Limited  -  SAC   

Result of AGM

Released 10:00 30-Nov-2012

RNS Number : 4193S
SacOil Holdings Limited
30 November 2012


(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 Group")

Results of annual general meeting and shareholder update

Shareholders are referred to the notice of the annual general meeting ("AGM") attached to the integrated annual report for the year ended 28 February 2012, posted to Shareholders on 31 August 2012.

Shareholders are advised that at the AGM held today, all the ordinary and special resolutions tabled were approved by the requisite majority of votes required from Shareholders present in person or represented by proxy, except for the following which were not approved by the requisite majority:

·     ordinary resolution number 5, relating to the endorsement of SacOil remuneration policy;

·     ordinary resolution number 7, relating to the general authority to issue shares for cash; and

·     special resolution number 2, relating to the remuneration of non-executive directors.

All of the special resolutions passed at the AGM will be filed with, and registered where required, by the Companies and Intellectual Property Commission.

A shareholder update was presented by Robin Vela, CEO of SacOil, at the annual general meeting and this presentation is now available on SacOil's website (

30 November 2012



JSE Sponsor

Nedbank Capital


For further information please contact:



finnCap Limited (Nominated Adviser and Broker)

+44 (0) 20 7220 0500


Matthew Robinson / Christopher Raggett



FirstEnergy Capital (Joint Broker UK)

Majid Shafiq/ Travis Inlow





+44 (0) 20 7448 0200




GMP Securities Europe LLP (Joint Broker UK)

James Pope/ Chris Beltgens



+44 (0) 20 7647 2800


Keyter Rech Investor Solutions (Investor Relations SA)

Vanessa Ingram/ Lynne Bothma


The Riverbed Agency (Press Relations SA)

Raphala Mogase




+27 (0) 11 447 2993



+27 (0) 11 783 7903


Pelham Bell Pottinger (Press Relations UK)


Philip Dennis

+44 (0) 20 7861 3919


Rollo Crichton-Stuart

+44 (0) 20 7861 3918




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Result of AGM - RNS