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Afrox - Results Of Capitalisation Share Award

Release Date: 20/07/1999 17:38:56      Code(s): AFX
AFRICAN OXYGEN LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 05/00089/06)
("AFROX")
RESULTS OF THE CAPITALISATION SHARE AWARD AND RIGHT OF ELECTION TO RECEIVE THE
INTERIM CASH DIVIDEND OF 16,5 CENTS PER ORDINARY SHARE IN LIEU THEREOF
HSBC SIMPSON MCKIE (PTY) LIMITED IS AUTHORISED TO ANNOUNCE THAT THE RIGHT OF
ORDINARY SHAREHOLDERS REGISTERED AT THE CLOSE OF BUSINESS ON FRIDAY, 11 JUNE
1999 TO ELECT TO RECEIVE THE INTERIM CASH DIVIDEND OF 16,5 CENTS PER ORDINARY
SHARE INSTEAD OF THE AWARD OF CAPITALISATION SHARES ("THE NEW ORDINARY
SHARES"), CLOSED AT 12:00 ON FRIDAY, 16 JULY 1999.
ELECTIONS TO RECEIVE THE INTERIM CASH DIVIDEND OF 16,5 CENTS PER ORDINARY SHARE
WERE MADE IN RESPECT OF 231 641 286 ORDINARY SHARES RESULTING IN A TOTAL
DIVIDEND PAYMENT OF R38 220 812,19. ACCORDINGLY, 1 573 174 NEW ORDINARY SHARES
OUT OF A POSSIBLE 6 021 592 NEW ORDINARY SHARES ARE TO BE ISSUED PURSUANT TO
THE CAPITALISATION SHARE AWARD, BEING A 26,13% ACCEPTANCE OF SUCH AWARD.
FOLLOWING THE ISSUE OF THE NEW ORDINARY SHARES THE ISSUED ORDINARY SHARE
CAPITAL OF AFROX WILL CONSIST OF 315 133 922 ORDINARY SHARES OF 5 CENTS EACH.
LISTING OF NEW ORDINARY SHARES
THE LISTING OF 1 573 174 NEW ORDINARY SHARES IN AFROX WILL COMMENCE ON THE
JOHANNESBURG STOCK EXCHANGE AND THE NAMIBIAN STOCK EXCHANGE WITH EFFECT FROM
THE COMMENCEMENT OF BUSINESS ON WEDNESDAY, 21 JULY 1999.
POSTING OF SHARE CERTIFICATES AND CHEQUES
SHARE CERTIFICATES IN RESPECT OF NEW ORDINARY SHARES AND CHEQUES IN RESPECT OF
DIVIDENDS AND/OR PAYMENTS IN LIEU OF FRACTIONAL ENTITLEMENTS TO NEW ORDINARY
SHARES WILL BE POSTED TO THE RELEVANT SHAREHOLDERS ON OR ABOUT WEDNESDAY, 21
JULY 1999.
JOHANNESBURG
20 JULY 1999
INVESTMENT HOUSE AND SPONSORING BROKER IN SOUTH AFRICA
HSBC SIMPSON MCKIE (PTY) LIMITED
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
REG. NO. 84/01736/07
SPONSORING BROKER IN NAMIBIA
HSBC
WIKUS HANEKOM
MEMBER OF THE NAMIBIAN STOCK EXCHANGE TRADING AS HSBC SIMPSON MCKIE NAMIBIA



                                        
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