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Afrox - Results Of Capitalisation Share Award

Release Date: 23/01/2001 13:55:05      Code(s): AFX
AFRICAN OXYGEN LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1927/000089/06)
("AFROX")
RESULTS OF CAPITALISATION SHARE AWARD AND RIGHT OF ELECTION TO RECEIVE THE
FINAL CASH DIVIDEND OF 28,0 CENTS PER SHARE IN LIEU THEREOF
HSBC SECURITIES (SOUTH AFRICA) (PTY) LIMITED IS AUTHORISED TO ANNOUNCE THAT THE
RIGHT OF SHAREHOLDERS REGISTERED AT THE CLOSE OF BUSINESS ON FRIDAY, 1 DECEMBER
2000 TO ELECT TO RECEIVE THE FINAL CASH DIVIDEND OF 28,0 CENTS PER ORDINARY
SHARE INSTEAD OF THE AWARD OF CAPITALISATION SHARES OF 2,945431 FOR EVERY 100
EXISTING SHARES HELD ("THE NEW ORDINARY SHARES"), CLOSED AT 12:00 ON FRIDAY, 19
JANUARY 2001.
ELECTIONS TO RECEIVE THE FINAL CASH DIVIDEND OF 28,0 CENTS PER ORDINARY SHARE
WERE MADE IN RESPECT OF 236 542 746 ORDINARY SHARES RESULTING IN A TOTAL
DIVIDEND PAYMENT OF R66 231 968,88. ACCORDINGLY, 2 413 645 NEW ORDINARY SHARES
OUT OF A POSSIBLE 9 380 848 NEW ORDINARY SHARES ARE TO BE ISSUED PURSUANT TO
THE CAPITALISATION SHARE AWARD, BEING A 25,7% ACCEPTANCE OF SUCH AWARD.
FOLLOWING THE ISSUE OF THE NEW ORDINARY SHARES, THE ISSUED ORDINARY SHARE
CAPITAL OF AFROX WILL CONSIST OF 320 901 793 ORDINARY SHARES OF 5,0 CENTS EACH.
LISTING OF NEW ORDINARY SHARES
THE LISTING OF 2 413 645 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 WEDNESDAY, 24 JANUARY 2001.
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, 24
JANUARY 2001.
JOHANNESBURG
23 JANUARY 2001
SPONSORING BROKER IN SOUTH AFRICA
HSBC SECURITIES SOUTH AFRICA (PTY) LIMITED
REG. NO. 1999/010899/07
MEMBER OF THE JSE SECURITIES EXCHANGE SOUTH AFRICA
SPONSORING BROKER IN NAMIBIA
HSBC
PHILLIP JA VAN HEERDEN
MEMBER OF THE NAMIBIAN STOCK EXCHANGE TRADING AS
HSBC SECURITIES (NAMIBIA) (PTY) LIMITED
REG. NO.95/505
MEMBER OF THE JSE SECURITIES EXCHANGE SOUTH AFRICA



                                        
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