African Oxygen Limited - Changes To The Board Of DirectorsRelease Date: 15/06/2017 08:00:00 Code(s): AFX
AFRICAN OXYGEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
JSE code: AFX
NSX code: AOX
(?Afrox? or the ?Company?)
CHANGES TO THE BOARD OF DIRECTORS
In accordance with paragraph 3.59 of the JSE Limited Listings Requirements (?Listings
Requirements?), Afrox shareholders (?Shareholders?) are advised of the following changes to the
Afrox board of directors (?Board?).
1. Resignation of Chairman
Shareholders are advised of the resignation of Ms Sue Graham Johnston, effective on
1 September 2017. Ms Graham Johnston, Managing Director of region Africa and United Kingdom
for Linde Group AG (?Linde Group?), the holding company of Afrox, was appointed as Chairman
of the Board and a member of the Nominations, Governance and Management of Resources
Committee on 7 September 2016. The Board would like to express their gratitude to Ms Graham
Johnston for her valuable contribution to Afrox.
2. Appointment of Chairman
Shareholders are further advised that, following the resignation of Ms Graham Johnston,
Mr Bernd Eulitz has been elected as a member of the Board and will assume the responsibilities
of Chairman of the Board and a member of the Nominations, Governance and Management of
Resources Committee with effect from 1 September 2017. Afrox welcomes Mr Eulitz back to the
Board for his second term as Chairman, a position he previously held between 1 June 2015 and
7 September 2016.
Mr Eulitz is a member of the Linde Group board of directors and is head of Linde Group?s region
Europe, Middle East and Africa. As a result of the positions held by Mr Eulitz, he will not be
considered an independent Chairman. Accordingly, Dr Khotso Mokhele will remain as the lead
independent director in terms of the Listings Requirements and the King IV Report on Corporate
Governance in South Africa, 2016.
Mr Eulitz brings to the Board a great deal of international experience. He joined Linde Group in
2004 and since then has held a number of senior posts including, Regional Business Head of the
Gases Division (South and East Asia), Managing Director (Singapore), Chief Executive Officer of
PanGas AG (Switzerland) and Head of Sales Region East: Gases Division (Germany).
15 June 2017
Date: 15/06/2017 08:00:00 Supplied by www.sharenet.co.za
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