Afrox -
African Oxygen Limited
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
ISIN Code: ZAE000030920
South African Share Code: AFX
Namibian Share Code: AOX
("Afrox" or "the Company")
14 JULY 2003
African Oxygen Limited (Afrox) and Afrox Healthcare Limited have today issued a
joint cautionary announcement that advises that Afrox is in the process of
considering its strategic options with regard to its shareholding in Afrox
Healthcare Limited.
These discussions may or may not lead to a change in the shareholding of Afrox
in Afrox Healthcare Limited.
Afrox Managing Director, Rick Hogben, says "Afrox Healthcare is a successful
business and has delivered good returns for Afrox but, as one would expect, the
Board continually assesses the markets and businesses in which we operate.
"In terms of good corporate governance, the cautionary announcement was issued
to protect current and prospective investors in both Afrox and Afrox Healthcare.
It is not an indication that any corporate action will necessarily emanate from
the strategic review process.
"I take this opportunity to assure our employees in Afrox Healthcare and our
supporting doctors that we are fully aware of their importance to the company
and are taking that into account in our deliberations."
ends
Issued by
African Oxygen Limited
Date: 14/07/2003 09:01:03 AM Supplied by www.sharenet.co.za
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