Go Back Email this Link to a friend

African Oxygen Limited - Afrox Secures R1.1 Billion Lpg Contracts

Release Date: 09/09/2016 08:00:00      Code(s): AFX     
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
JSE code: AFX
NSX code: AOX
ISIN: ZAE000067120
(?Afrox? or the ?Company?)


Afrox is pleased to announce to shareholders that the Company has signed:

    -   A ten-year agreement to supply liquefied petroleum gas (?LPG?) to a major distributor in
        Lesotho. The contract with Gordons Enterprise is worth R1 billion and will secure a new LPG
        filling site in the Maseru industrial development zone, thus providing a significant increase in
        storage, to supply the increased demand in the area.

    -   A five-year agreement to supply LPG to a distributor partner in Mthatha, in the Eastern Cape.
        The contract is worth R100 million and will enable volume availability of LPG to rise by
        approximately 100% in the area.

Afrox Managing Director, Schalk Venter said: ?These two contracts demonstrate our ability to grow
existing business with strategic partners, and enabling this is our supply-on-demand contract with global
LPG supplier Petredec. Since May 2016 we have imported 30% of our LPG needs via Petredec and
BTT in Richards Bay and this security of supply will be an engine for growth in the LPG market for

9 September 2016

One Capital

Date: 09/09/2016 08:00:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             . The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.