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")
Results of Capitalisation Share Award and Right of Election to Receive the
Interim Cash Dividend of 33 cents per Share in lieu thereof
Nedbank Corporate is authorised to announce that the right of shareholders
recorded in the share register of Afrox at the close of business on Friday, 25
July 2003 to elect to receive the interim cash dividend of 33 cents per ordinary
share instead of the award of capitalisation shares of 2,33422 for every 100
existing shares held ("the new ordinary shares"), closed on Friday, 25 July
2003.
Elections to receive the interim cash dividend of 33 cents per ordinary share
were made in respect of 72 006 065 ordinary shares resulting in a total dividend
payment of R 23 762 001.45. Accordingly, 6 177 958 new ordinary shares out of a
maximum of 7 858 738 new ordinary shares are to be issued pursuant to the
capitalisation share award, being a 78.6% acceptance of such award. Following
the issue of the new ordinary shares, the issued ordinary share capital of Afrox
will consist of 342 853 084 ordinary shares of 5 cents each.
Listing of new ordinary shares
The listing of 6 177 958 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 or about Wednesday, 30 July 2003.
Issue of shares and payment of interim cash dividend
In respect of dematerialised shareholders, safe custody accounts with Central
Securities Depository Participants or brokers were updated and credited with the
entitlement in respect of the new ordinary shares and / or payments on Monday,
28 July 2003. Certificated shareholders" share certificates or cheques were
posted (or cash electronically transferred, if so elected) on Monday, 28 July
2003.
Johannesburg
28 July 2003
Sponsor
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