Sacoven PLC Update on cautionary announcements (5526V)

TIDMSCN

RNS Number : 5526V

Sacoven PLC

19 April 2016

Sacoven Plc

(Incorporated in Jersey under the Companies (Jersey) Law 1991)

(Company number 110296)

AIM Share code: SCN

JSE Share code: SCV

ISN: JE00B7YH8W36

(the "Company")

Further renewal and withdrawal of additional cautionary announcement

Sacoven Shareholders ("Shareholders") are referred to the cautionary announcements dated 25 November 2015 and 08 March 2016 ("Cautionary Announcements"). Shareholders are advised that the Company is still in discussions with respect to the potential acquisition of a Fast Moving Consumer Goods business located in Africa, where such acquisition will only be capable of implementation during the first half of 2016. Shareholders are advised that the negotiations referred to in this Cautionary Announcement are on-going and, as such, Shareholders are advised to continue to exercise caution until a full announcement is made.

Shareholders are also advised that negotiations have been terminated with regards to the alternative transaction first announced on 8 March 2016 and the contents referred to therein have ceased to have any relevance or effect on the company, caution is no longer required to be exercised relating to this additional cautionary.

19 April 2016

JSE Sponsor

KPMG Services Proprietary Limited

AIM Nomad and Broker

Liberum Capital Limited

Clayton Bush / Christopher Britton

Tel: [phone]

For further information please visit the Company's website www.sacoven.com

Niall McCallum [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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April 19, 2016 02:00 ET (06:00 GMT)