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African Oxygen Limited - Sanctioning Of The Scheme Of Arrangement And
Finalisation Announcement
African Oxygen Limited(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
JSE share code: AFX NSX share code: AOX
ISIN: ZAE000030920(`Afrox` or `the company`)
SANCTIONING OF THE SCHEME OF ARRANGEMENT AND FINALISATION ANNOUNCEMENT
1. SANCTIONING OF THE SCHEME OF ARRANGEMENT BY THE HIGH COURT OF SOUTH AFRICA
Further to the announcement published on the Securities Exchange News Service ofthe JSE Securities Exchange South Africa on Monday, 6 June 2005 and in the press
on Tuesday, 7 June 2005, Afrox shareholders are advised that the scheme of
arrangement in terms of section 311 of the Companies Act, 1973 (Act 61 of 1973),
as amended, proposed by Afrox African Investments (Proprietary) Limited, awholly-owned subsidiary of Afrox, between Afrox and its shareholders (`the
scheme`), was sanctioned by the High Court of South Africa (Witwatersrand Local
Division) on Tuesday, 21 June 2005. The Order of Court sanctioning the scheme
will be lodged with the Registrar of Companies for registration. Once suchregistration has been completed, all conditions precedent of the scheme will
have been met and the scheme will become unconditional.
2. SALIENT DATES AND TIMES
2005 Last day to trade to participate in the Friday, 24 June
scheme
First day to trade in Afrox shares ex- Monday, 27 June
entitlement to the scheme consideration under Afrox`s new ISIN number ZAE000067120
Record date on which shareholders must be Friday, 1 July
recorded as such in the register of
shareholders to be scheme participants and so become entitled to receive the scheme
consideration, at the close of trading on
Operative date of the scheme Monday, 4 July
The scheme consideration and new share certificates expected to be posted to scheme
participants holding certificated shares (if
documents of title are received on or prior Monday, 4 July
to the record date of the scheme) or, failing that, within five business days of the
receipt of the relevant documents of title by
the transfer secretaries from
Safe custody accounts to be updated at the Monday, 4 July CSDP or broker in the case of scheme
participants who have dematerialised their
Afrox shares
Note:Shareholders may not dematerialise or rematerialise their existing Afrox shares
from Friday, 24 June 2005. Dematerialisation and rematerialisation of Afrox
shares will recommence from Monday, 4 July 2005.
Johannesburg21 June 2005
Investment bank and transaction sponsor
Standard Bank
AttorneysBowman Gilfillan Inc.
Reporting accountants and auditors
PricewaterhouseCoopers Inc.
SponsorBarnard Jacobs Mellet Corporate FinanceDate: 21/06/2005 02:55:16 PM Produced by the JSE SENS Department
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