Post by
DollarHungry on Oct 28, 2014 4:36pm
Transaction Completion
Transaction Completion Further to the announcement dated 23 October 2014, where the Board of SacOil confirmed that all the conditions precedent, as contained in the sale and purchase agreement dated 9 September 2014, to acquire Mena International Petroleum Company Ltd had been met and the acquisition had become unconditional. The Company can now confirm that application has been made for the 183,666,947 ordinary shares in the Company (“Consideration Shares”) to be admitted and traded on AIM and it is expected that dealings will commence on 29 October 2014. Following the admission to trading on AIM of the Consideration Shares on 29 October 2014, the Company's issued share capital will consist of 3,269,836,208 Ordinary Shares. The total number of voting rights in the Company will be 3,269,836,208. The voting rights on all these shares are identical. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules following 29 October 2014. - See more at: https://www.sacoilholdings.com/investor-relations/company-announcements/transaction-completion/?id=14&entryId=359#sthash.Y02EfoiS.dpuf