Sacoven PLC Renewal and additional cautionary announcements (3889R)

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RNS Number : 3889R

Sacoven PLC

08 March 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")

Renewal of cautionary announcement and additional cautionary announcement

Sacoven Shareholders ("Shareholders") are referred to the cautionary announcements dated 15 October 2015 and 23 November 2015 ("Cautionary Announcements"), whereby Shareholders were advised that the Company is 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 the Cautionary Announcements are on-going and, as such, Shareholders are advised to continue to exercise caution until a full announcement is made.

Shareholders are further advised that the Company also has entered into negotiations in respect of a different transaction which, if successfully concluded, may have a material effect on the price of the Company's securities. Accordingly, Shareholders are advised to exercise caution when dealing in the Company's securities until a further announcement is made in this regard.

08 March 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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March 08, 2016 05:57 ET (10:57 GMT)