SCN Sacoven

TIDMSCN

RNS Number : 3575A

Sacoven PLC

07 June 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 of cautionary announcement

Sacoven Shareholders ("Shareholders") are referred to the cautionary announcements dated 25 November 2015, 8 March 2016 and 19 April 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 second 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.

6 June 2016

JSE Sponsor

KPMG Services Proprietary Limited

AIM Nomad and Broker

Liberum Capital Limited

Clayton Bush / Christopher Britton

Tel: +44 (0) 20 3100 2000

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

Niall McCallum +44 (0) 1534 823000

This information is provided by RNS

The company news service from the London Stock Exchange

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June 07, 2016 02:00 ET (06:00 GMT)

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