SacOil Holdings Limited APPOINTMENT OF NON-EXECUTIVE DIRECTORS (2332A)
23 3월 2017 - 12:00AM
UK Regulatory
TIDMSAC
RNS Number : 2332A
SacOil Holdings Limited
22 March 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
In accordance with paragraph 3.59(a) of the Listings
Requirements of the JSE Limited, SacOil is pleased to announce the
appointment of Ms Thuto Masasa, Mr Patrick Mngconkola and Mr Boas
Seruwe as non-executive directors of the Company with effect from 1
April 2017 subject to the completion of procedures required by the
Alternative Investment Market of the London Stock Exchange for the
appointment of directors.
Ms Thuto Masasa is a chartered accountant with extensive
experience established over 10 years working in commerce, assurance
and corporate advisory services in London and South Africa. Ms
Masasa is a partner at Nkonki Incorporated were she is the Head of
External Audit Services. She holds non-executive directorship at
the Mpumalanga Economic Growth Agency and is a member of audit and
risk, loans and finance committees of the South African Institute
of International Affairs. Ms Masasa is also a member of the finance
committee of the National Council of the South African Institute of
International Affairs. She will serve on the Board of Directors of
SacOil as an independent non-executive director.
Mr Mngconkola holds BTech (Business Administration) and Human
Resource Management degrees and is a deputy director at the South
African Police Service. He serves on the board of the Public
Investment Corporation SOC Limited where he is a member of the
investment, audit and risk and directors' affairs committees and
chairman of the human resources and remuneration committee. Mr
Mngconkola is also a member of the boards of the V&A Waterfront
and Growth Point Properties Limited. He will serve on the Board of
Directors of SacOil as a non-executive director.
Mr Seruwe holds BCom Accounting and MBA degrees and is the
executive chairman of AFGRI Poultry. He is also a member of the
board of the Unemployment Insurance Fund ("UIF") and the chairman
of the investment and financial advisory committees of the UIF. Mr
Seruwe has held senior appointments at the National Treasury,
Department of Public Works and PricewaterhouseCoopers and is a
former commissioner of the UIF. He will serve on the Board of
Directors of SacOil as a non-executive director.
"On behalf of the directors l look forward to welcoming Ms
Masasa, Mr Mngconkola and Mr Seruwe to the board of SacOil. The
diversity and extensive experience they will bring will be
instrumental as we continue to grow SacOil into an integrated
African oil and gas company" said Mr Tito Mboweni, SacOil's
chairman."
JSE Sponsor
PSG Capital Proprietary Limited
22 March 2017
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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March 22, 2017 11:00 ET (15:00 GMT)
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