African Oxygen Limited
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
ISIN : ZAE000030920
South African Share Code : AFX
Namibian Share Code : AOX
("Afrox")
Results of capitalisation share award and right of election to receive the final
cash dividend of 37 cents per share in lieu thereof
HSBC Investment Services (Africa) (Pty) Limited is authorised to announce that
the right of shareholders recorded in the share register of Afrox at the close
of business on Friday, 24 January 2003 to elect to receive the final cash
dividend of 37 cents per ordinary share instead of the award of capitalisation
shares of 2,6171 for every 100 existing shares held ("the new ordinary shares"),
closed on Friday, 24 January 2003.
Elections to receive the final cash dividend of 37 cents per ordinary share were
made in respect of 86 725 300 ordinary shares resulting in a total dividend
payment of R32 088 361,00. Accordingly, 6 374 318 new ordinary shares out of a
possible 8 644 302 new ordinary shares are to be issued pursuant to the
capitalisation share award, being a 73,7% acceptance of such award. Following
the issue of the new ordinary shares, the issued ordinary share capital of Afrox
will consist of 336 675 126 ordinary shares of 5 cents each.
Listing of new ordinary shares
The listing of 336 675 126 new ordinary shares in Afrox will commence on the JSE
Securities Exchange South Africa and the Namibian Stock Exchange with effect
from the commencement of business on Tuesday, 28 January 2003.
Posting of share certificates, dividend cheques and updating/crediting of CSDP
or broker accounts
In respect dematerialised shareholders, safe custody accounts with the Central
Securities Depository Participant ("CSDP") or broker were credited with the
entitlement in respect of the new ordinary shares and / or payments on Monday,
27 January 2003. Certificated shareholders` share certificates or cheques were
posted (or electronically transferred, if so elected) on Monday, 27 January
2003.
Johannesburg
27 January 2003
Sponsor in South Africa
HSBC Investment Services (Africa) (Pty) Ltd
Sponsoring broker in Namibia
HSBC Securities (Namibia) (Pty) Limited
Member of the Namibian Stock Exchange
Date: 27/01/2003 04:49:59 PM Produced by the JSE SENS Department
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