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08-Sep-2017
(C)
Revenue for the interim period increased to R2.8 billion (2016: R2.6 billion), earnings before interest, taxation, depreciation, amortisation and impairments (EBITDA) rose to R578 million (2016: R523 million), profit attributable to owners of the Company climbed to R291 million (2016: R240 million), while headline earnings per share grew to 93.3 cents per share (2016: 76.5 cents per share).



Dividend

It is the Company's policy to consider dividends bi-annually. The Board has declared a cash dividend of 46.0 cents per share (2016: 38.0 cents per share), declared out of the after-tax profits for the six months ended 30 June 2017. Based on Afrox's policy, the dividend is covered two times by headline earnings per share.



Company outlook

The South African economic environment is expected to remain weak in the foreseeable future, with Emerging Africa impacted by lower economic growth and lack of investment in infrastructure projects. Despite the economic headwinds, Afrox will continue its endeavours to develop specific growth opportunities in Atmospheric Gases and LPG and to focus on recovery of cost inflation plus various initiatives to improve productivity.



Board of directors

Sue Graham Johnston resigned as Chairperson with effect from 1 September 2017 and Bernd Eulitz was reappointed as Chairman with effect from 1 September 2017. Dorian Devers resigned as Chief Financial Officer (CFO) and Executive Director on 9 May 2017. The Board would like to express their gratitude to Ms Johnston and Mr Devers for their valuable contribution to Afrox.



Matthias Vogt was appointed as CFO and Executive Director with effect from 1 August 2017.



Nolitha Fakude was appointed as a non-executive director with effect from 1 March 2017.
01-Sep-2017
(Official Notice)
The Company?s results for the half-year ended 30 June 2017 are expected to be published on or about 8 September 2017. Accordingly, Afrox invites all stakeholders (shareholders, media and analysts) to attend the Company?s 2017 interim results presentation. There will also be a live webcast of the presentation, which can be accessed by following this link: www.corpcam.com/Afrox08092016
18-Aug-2017
(Official Notice)
Afrox is in the process of finalising their results for the half year ended 30 June 2017 (?Results?) and shareholders are accordingly advised that the Company expects to report:

- earnings per share (?EPS?) to be between 93.0 cents and 103.0 cents per share, the afore mentioned being 20% and 32% higher than the 77.8 cents per share for the previous corresponding period, respectively; and

- headline earnings per share (?HEPS?) to be between 92.0 cents and 102.0 cents per share, the afore mentioned being 20% and 33% higher than the 76.5 cents per share for the previous corresponding period, respectively.



The increase in EPS and HEPS is largely due to an increase in volumes in most areas of the business, improved operational efficiencies together with an increase in interest earned. The Results are expected to be published on or about 8 September 2017.
27-Jun-2017
(Official Notice)
The company reports that under the new B-BBEE codes Afrox has progressed its rating from a Level 8 in 2016 to a Level 4 in 2017.



The company?s annual compliance report prepared pursuant to section 13(G)(2) of the Broad-Based Black Economic Empowerment Act No. 53 of 2003 is available on the company?s website (www.afrox.co.za). Full disclosure of the company?s B-BBEE Journey Map 2016 to 2020 is also available on Afrox?s website (www.afrox.co.za). The company remains fully committed to further improving its B-BBEE contributor status going forward.



15-Jun-2017
(Official Notice)
Shareholders are advised of the resignation of Ms Sue Graham Johnston, effective on 1 September 2017.



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.
08-Jun-2017
(Official Notice)
Afrox shareholders are advised that following the resignation of Mr Dorian Devers as Chief Financial Officer of Afrox, as published on SENS on 9 May 2017, Mr Matthias Vogt has been appointed as the Chief Financial Officer and executive director of Afrox, with effect from 1 August 2017.
25-May-2017
(Official Notice)
Afrox shareholders (?Shareholders?) are advised that at the 88th annual general meeting (?AGM?) of Shareholders held on Thursday, 25 May 2017, all the ordinary and special resolutions, as set out in the notice of AGM dated 23 February 2017, were approved by the requisite majority of Shareholders present or represented by proxy.
09-May-2017
(Official Notice)
Afrox shareholders are advised of the resignation of Dorian Devers as Chief Financial Officer of Afrox, with effect from 31 July 2017. Mr Devers is relocating to New Zealand to pursue opportunities outside The Linde Group. Mr Devers has been the Chief Financial Officer and an executive director of Afrox since 28 May 2015.



Mr Devers will be serving his notice period until the end of July 2017 and the board wishes to thank him for his contribution to the Group during his tenure and wish him well going forward.



Afrox has strong succession planning in place within the finance area and is confident that a new Chief Financial Officer will be appointed before 31 July 2017.
31-Mar-2017
(Official Notice)
Shareholders of Afrox (?Shareholders?) are advised that the company?s integrated report 2016 (?Integrated Report?) has been published on the company?s website (www.afrox.com) and distributed to Shareholders.



The summarised audited consolidated financial statements for the year ended 31 December 2016, as set out in the Integrated Report, contain no modifications from the summarised audited consolidated financial results for the year ended 31 December 2016, which were published on the Stock Exchange News Service on Thursday, 23 February 2017.



The company?s detailed audited consolidated annual financial statements are available on the company?s website (www.afrox.com).



Notice of annual general meeting

Notice is hereby given that the 88th annual general meeting (?AGM?) of Shareholders will be held in the boardroom of the company, Afrox House, 23 Webber Street, Selby, Johannesburg, South Africa on Thursday, 25 May 2017 at 10:00 to transact the business as stated in the notice of the AGM, forming part of the Integrated Report.
01-Mar-2017
(Official Notice)
Afrox shareholders are advised that Ms Nolitha Fakude has been appointed to the Afrox board of directors as an independent non-executive director with immediate effect. Ms Fakude will also serve as a member of the Company?s Nominations, Governance and Management of Resources Committee.
27-Feb-2017
(Official Notice)
Shareholders are advised that following the announcement by the South African Minister of Finance on 22 February 2017, the dividend withholding tax rate increased from 15% to 20%, with effect from 22 February 2017.



Shareholders are referred to Afrox?s audited results for the year ended 31 December 2016, released on SENS on 23 February 2017 (?Results?), wherein the board of directors declared a final gross cash dividend of 56.0 cents per share. In light of the above, shareholders are advised that the net dividend will therefore be 44.8 cents per share for shareholders who are not exempt from dividend tax.



All other information contained in the Results remains unchanged.
23-Feb-2017
(C)
Revenue for the year increased to R5.537 billion (2015: R5.473 billion), earnings before interest and taxation jumped to R848 million (2015: R508 million), profit for the year attributable to owners of the company rose to R597 million (2015: R414 million), while headline earnings per share grew to 189.4 cents per share (2015: 139.2 cents per share).



Dividend

A gross final cash dividend of 56 cents per ordinary share, being the final dividend for the year ended 31 December 2016, has been declared.



Outlook

The economic environment in South Africa is expected to remain subdued; however, Afrox will continue to focus on opportunities to grow market share and productivity improvements to enable growth.
20-Feb-2017
(Official Notice)
The Company?s results for the full-year ended 31 December 2016 are expected to be published on or about 23 February 2017. Accordingly, Afrox invites all stakeholders (shareholders, media and analysts) to attend the Company?s 2016 year-end results presentation. The details are as follows:

* Date: 23 February 2017

* Time: 10h30 to 11h30

* Venue: Afrox House, 23 Webber Street, Selby, Johannesburg.



Please RSVP to: investor.relations@afrox.linde.com by no later than 12h00 on 22 February 2017.



There will also be a live webcast of the presentation, which can be accessed by following this link: www.corpcam.com/Afrox23022017
30-Jan-2017
(Official Notice)
Afrox is in the process of finalising their results for the year ended 31 December 2016 (?Results?) and shareholders are accordingly advised that the Company expects to report:

- earnings per share (?EPS?) to be between 186 cents and 199 cents per share, the afore mentioned being 39% and 49% higher than the 134 cents per share for the previous corresponding period, respectively; and

- headline earnings per share to be between 182 cents and 196 cents per share, the afore mentioned being 31% and 41% higher than the 139 cents per share for the previous corresponding period, respectively.



The increase in EPS is largely due to improved margins from operational efficiencies and a reduction in fixed costs, as a result of the restructuring initiatives initiated in previous corresponding period, together with the settled litigation. The Results are expected to be published on or about 22 February 2017.
24-Nov-2016
(Official Notice)
Afrox informed shareholders that ArcelorMittal South Africa (?AMSA?) and Afrox have reached an agreement regarding the early termination of the supply contracts dispute, which has resulted in a full and final settlement of all legal proceedings between the parties. Under the agreement, AMSA settled Afrox?s claims in a number of tranches to the total amount of R165 000 000 (excluding VAT).
09-Sep-2016
(Official Notice)
Afrox announced 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.
08-Sep-2016
(Official Notice)
Afrox announces to shareholders that the company has:

*Signed a ten-year R45 million liquefied petroleum gas (?LPG?) supply agreement, with one of South Africa?s largest poultry producers, which supplies stores such as Woolworths, Nandos and OBC. Under the agreement, Afrox will also erect 16 bulk tanks.

*Signed agreements to supply a major concentrated solar power project with pressure storage vessels, Nitrogen and LPG. The contract with the Northern Cape solar power project is worth R59 million. The project, to construct a 100 MW parabolic trough plant with a five-hour thermal energy storage system using molten salts, will form part of the largest solar complex in Africa.

*Signed a five-year R60 million agreement to supply a national network of petrol stations with Handigas for onward sale to forecourt customers. The deal, which will run until 2021, and will see Afrox?s LPG brand Handigas being made available at 244 garages across South Africa.

*Signed a five-year R24 million agreement to supply a South African petrochem company with welding consumables. The supply contract will run until 2021.



07-Sep-2016
(C)
Revenue for the interim period decreased to R2.6 billion (R2.7 billion). EBITDA grew to R523 million (R486 million). Profit attributable to owners more than doubled to R240 million (R108 million). Furthermore, headline earnings per share shot up to 76.5 cents per share (37.4 cents per share).



Dividend

It is the company's policy to consider dividends twice annually. The Board of directors have declared a gross interim cash dividend of 38.0 cents per share for the six months ended 30 June 2016 (2015: 18.0 cents). The dividend is covered two times by headline earnings per share.



Outlook

With the economic environment in South Africa expected to remain weak, Afrox will continue to focus on opportunities to grow markets, increase market share and contain costs to enable growth. Although the trading conditions remain difficult, Afrox's business remains strong with significant capacity to grow in the future.
07-Sep-2016
(Official Notice)
Shareholders are advised of the resignation of Mr Bernd Eulitz as at 7 September 2016. Mr Eulitz, a member of Linde Group AG (?Linde Group?) board of directors and head of Linde Group?s operating segment Europe, Middle East and Africa, was appointed chairman on 1 June 2015 for the duration of the restructuring programme.



Appointment of Chairman

Shareholders are further advised that Ms Sue Graham Johnston has been elected chairman of the board and will assume the responsibilities with immediate effect . Ms Graham Johnston is currently the Managing Director of Region Africa and United Kingdom (?UK?) for Linde Group, the holding company of Afrox.



Due to the position she holds, Ms Graham Johnston will not be considered an independent chairman. Dr Khotso Mokhele will accordingly remain as the lead independent director in terms of the applicable legislation, King Code and international best practice, which Afrox continues to uphold.



02-Sep-2016
(Official Notice)
The Company?s results for the half-year ended 30 June 2016 are expected to be published on or about 7 September 2016. Accordingly, Afrox invites all stakeholders (shareholders, media and analysts) to attend the Company?s 2016 interim results presentation. The details are as follows:

* Date: 8 September 2016

* Time: 11h00 to 12h00

* Venue: Afrox House

* 23 Webber Street

* Selby

* Johannesburg



Please RSVP to: investor.relations@afrox.linde.com by no later than 12h00 on 7 September 2016. There will also be a live webcast of the presentation, which can be accessed by following this link: www.corpcam.com/Afrox08092016
02-Aug-2016
(Official Notice)
Afrox is in the process of finalising their results for the 6 months ended 30 June 2016 (?Results?) and shareholders are accordingly advised that the company expects to report:

* earnings per share (?EPS?) to be between 72 cents and 79 cents per share, the afore mentioned being 106% and 126% higher than the 35 cents per share for the previous corresponding period, respectively; and

* headline earnings per share to be between 71 cents and 78 cents per share, the afore mentioned being 90% and 109% higher than the 37 cents per share for the previous corresponding period, respectively.



The increase in EPS is largely due to improved margins, as a result of the restructuring initiatives initiated in 2015. The previous corresponding period includes expenditure in respect of the restructuring provisions, where such expenditure was not incurred in the 6 months ended 30 June 2016.



The Results are expected to be published on or about 8 September 2016.
26-May-2016
(Official Notice)
Afrox shareholders (?Shareholders?) are advised that at the 87th annual general meeting (?AGM?) of Shareholders held on Thursday, 26 May 2016, all the ordinary and special resolutions, as set out in the notice of AGM dated 31 March 2016, were approved by the requisite majority of Shareholders present or represented by proxy.



The total number of Afrox shares eligible to vote at the AGM is 342 852 910.
12-May-2016
(Official Notice)
Shareholders are advised that Afrox has signed an import agreement with Petredec Ltd., one of the largest global liquefied petroleum gas (?LPG?) traders, and Bidvest Tank Terminals, the owners of the current import facility leased by Afrox, to ensure security of supply of LPG for existing customers in South Africa and to provide the ability to grow Afrox?s LPG business.



Nitrogen contract

Shareholders are further advised that Afrox has gained the contract to supply bulk Nitrogen to Limpopo-based frozen fruits exporter, Westfalia Fruit Products (Pty) Ltd.. The 5-year 10-tonnes-a-day contract, based on Linde-patented Cryowave technology, marks Afrox?s continued expansion into this growth sector.
04-May-2016
(Official Notice)
Shareholders are advised that Afrox has signed a contract with alternative energy company Renergen Ltd., through its subsidiary TETRA 4 (Pty) Ltd. (?TETRA 4?), for the commercialisation of the Free State Helium and Natural Gas (?NG?) field.



The 187 000 hectare Helium/NG field in Virginia, near Welkom, has proven reserves of 25 billion cubic feet of Natural Gas and Helium and the contract will enable Afrox to locally source and supply Helium to numerous specialised and industrial markets by 2018/19.



Under the agreement, TETRA 4 has contracted the Helium offtake to The Linde Group, via its Global Helium business. JSE listed Afrox, a member of The Linde Group, will operate the processing plant and market the Helium.
31-Mar-2016
(Official Notice)
Shareholders of Afrox (?Shareholders?) are advised that the company?s integrated report 2015 (?Integrated Report?) has been published on the company?s website (www.afrox.com) and distributed to Shareholders.



The audited summarised consolidated financial statements for the year ended 31 December 2015, as set out in the Integrated Report, contain no modifications from the audited summarised consolidated financial results for the year ended 31 December 2015 which were published on the Stock Exchange News Service on Monday, 29 February 2016.



The company?s detailed audited consolidated annual financial statements are available on the company?s website (www.afrox.com).



Notice of annual general meeting

Notice is hereby given that the 87th annual general meeting (?AGM?) of Shareholders will be held in the Boardroom of the company, Afrox House, 23 Webber Street, Selby, Johannesburg, South Africa on Thursday, 26 May 2016 at 10:00 to transact the business as stated in the notice of the AGM forming part of the Integrated Report.
01-Mar-2016
(Official Notice)
Shareholders are advised that Afrox has:

- Been awarded a three-year contract extension to supply bulk liquid nitrogen, compressed and special gases and welding consumables to a South African oil refinery. The contract, which will run until 2018, is worth R60 million.

- Been awarded a five-year contract extension to supply liquefied petroleum gas (?LPG?) and industrial gases to a Pretoria-based distributor. The contract, which will run until 2020, is worth R40 million.

- Gained the supply base of bulk nitrogen to Shoprite?s national distribution fleet as the company looks to phase in truck-mounted CryoFridge installations to chill containers.

- Signed new contracts with distributors in Pretoria, Rustenburg and Kuruman for the supply of LPG, welding consumables and industrial gases. The contracts, which will run until 2020, are worth R65 million.
29-Feb-2016
(C)
Revenue for the year decreased to R5.473 billion (2014: R5.834 billion). Earnings before interest, taxation, depreciation, amortisation and impairments ("EBITDA") increased to R1.004 billion (2014: R818 million), profit for the year attributable to owners of the Company soared to R414 million (2014: R83 million), while headline earnings per share jumped to 139.2 cents per share (2014: 36.2 cents per share).



Dividend

The Company retains its policy whereby headline earnings cover the dividend twice. In compliance with this policy and due to the level of restructuring costs incurred in the second half of the year, a final dividend for 2015 of 51 cents per share was declared, bringing the total dividend for 2015 to 69 cents per share (2014: 24 cents per share).



Outlook

Afrox will continue to be a profitable, robust and strongly cash-generative business. However, the difficult economic conditions are expected to continue in South Africa. Afrox's focus in the medium term will be on delivering the turnaround benefits in South Africa and realising any growth opportunities in parts of their portfolio.
25-Feb-2016
(Official Notice)
The Company?s results for the year ended 31 December 2015 are expected to be published on or about 29 February 2016. Accordingly, Afrox invites all stakeholders (shareholders, media and analysts) to attend the Company?s 2015 year-end results presentation. The details are as follows:

*Date: 29 February 2016

*Time: 11h00 to 12h00

*Venue: Afrox House, 23 Webber Street, Selby, Johannesburg



Please RSVP to: investor.relations@afrox.linde.com by no later than 12h00 on 26 February 2016.



There will also be a live webcast of the presentation, which can be accessed by following this link: http://www.corpcam.com/Afrox28082015





02-Feb-2016
(Official Notice)
Shareholders are advised that Afrox has been awarded/retained the following contracts:

- Afrox has retained the V-A Waterfront contract for the supply of bulk Liquefied Petroleum Gas (?LPG?) for the next five years. The R55 million contract comes at a time when the V-A Waterfront is continuing development projects across the property, which will present Afrox with opportunities to grow the current portfolio.

- Afrox has been awarded a R100 million contract to supply Liquid Carbon Dioxide to Kingsley Beverages? new carbonated soft drinks plant in Roodepoort. This follows an initial supply contract, signed with Kingsley Beverages in 2013 and worth R150 million, to supply plants in Malvern and Springs.

- Afrox has signed an LPG supply extension contract valued at about R260 million over five years with a major re-seller in Botswana, which operates from numerous sites across the country.
29-Jan-2016
(Official Notice)
Afrox is in the process of finalising their results for the 12 months ended 31 December 2015 and shareholders are accordingly advised that the company expects to report:

* earnings per share to be between 131 cents and 136 cents per share, the aforementioned being 388% and 407% higher than the 26.8 cents per share for the previous corresponding period, respectively; and

* headline earnings per share to be between 135 cents and 142 cents per share, the aforementioned being 272% and 292% higher than the 36.2 cents per share for the previous corresponding period, respectively.



The increase in forecast earnings per share and headline earnings per share is largely due the improvement in margins as a result of the reduction in fixed costs and the successful finalisation of the restructuring activities.



The company?s Results are expected to be published on or about 29 February 2016.
07-Oct-2015
(Official Notice)
Shareholders are advised that Afrox has retained its contract to supply Carbon Dioxide to the Peninsula Beverages Company (Pty) Ltd. (?Peninsula Beverages?) for the carbonation of soft drinks. The new gas supply contract commences in October 2015 and is worth more than R100 million.
11-Sep-2015
(Official Notice)
Shareholders are advised that Afrox has been awarded the contract to supply bulk Oxygen and Nitrogen to SAPPI?s Ngodwana Mill in Mpumalanga. The contract commences in April 2016.
09-Sep-2015
(Official Notice)
Shareholders are advised that Afrox has signed a seven-year contract extension with a major supplier to the South African retail industry in the Western Cape for the exclusive supply of LPG until 2022, worth more than R200 million.
02-Sep-2015
(Official Notice)
Shareholders are advised that Afrox has retained the Massbuild LP Gas supply agreement to September 2020. Massbuild operates four complementary brands:

*Builders Warehouse, which operates large DIY and home improvement stores in major urban areas;

*Builders Express, a chain of smaller neighbourhood home and garden improvement stores;

*Builders Superstore, is a value home improvement format in townships and towns, servicing surrounding rural areas; and

*Builders Trade Depot, a chain of building contractor outlets located in industrial sites in peri-urban and urban areas focusing on delivering the core range for all phases of building projects.
28-Aug-2015
(Official Notice)
Afrox retains R57 million De Beers Group of Companies contract



Shareholders are advised that Afrox has retained the De Beers Group of Companies (?De Beers?) contract for the supply of industrial and medical gases, welding consumables and bulk LPG for the next five (5) years. The contract comes at the time when De Beers has invested R20 billion in building an underground mine beneath the operating open pit Venetia operation. The underground operation will begin production in 2021 continuing well into the 2040s, which will present Afrox with opportunities to grow the current portfolio.
27-Aug-2015
(Official Notice)
Afrox retains R70 million Anglo American Platinum Ltd. contract. Shareholders are advised that Afrox has retained its contract to supply Anglo American Platinum Ltd. (?Anglo American Platinum?) with its compressed gases requirements over the next five (5) years. Afrox remains the preferred gas supplier for all Anglo American Platinum operations in Rustenburg and Polokwane.
27-Aug-2015
(C)
Revenue for the interim period June 2015 decreased to R2.7 billion (R2.9 billion), while EBITDA increased to R486 million (R442 million). Profit attributable to equity holders was lower at R108 million (R163 million). Headline earnings per share came in at 37.4cps (49.5cps).



Dividend

The Board of directors have declared a gross interim cash dividend of 18.0 cents per share for the six months ended 30 June 2015 (2014: 24.0 cents).



Outlook

Challenging economic conditions for the foreseeable future, particularly in the key manufacturing, mining and steel production sectors of the South African economy will require increased focus on cost containment, which forms an integral part of the turnaround process. Although overall trading conditions remain tough, Afrox's underlying business remains strong and cash generative.
24-Aug-2015
(Official Notice)
The Company?s interim results for the 6 months ended 30 June 2015 are expected to be published on or about 27 August 2015. Accordingly, Afrox invites all stakeholders (shareholders, media and analysts) to attend the Company?s 2015 interim results presentation. The details are as follows:

*Date: 28 August 2015

*Time: 10h00 to 11h15

*Venue: Afrox House, 23 Webber Street, Selby, Johannesburg



Please RSVP to: investor.relations@afrox.linde.com by no later than 10h00 on 27 August 2015.



There will also be a live webcast of the presentation, which can be accessed by following this link http://www.corpcam.com/Afrox28082015.
15-Jul-2015
(Official Notice)
Afrox is in the process of finalising their results for the 6 months ended 30 June 2015 (?results?) and shareholders are accordingly advised that the company expects to report:

* earnings per share to be between 32 cents and 38 cents per share, the aforementioned being 39% and 28% lower than the 52.8 cents per share for the previous corresponding period, respectively; and

* headline earnings per share to be between 37 cents and 42 cents per share, the aforementioned being 25% and 15% lower than the 49.5 cents per share for the previous corresponding period, respectively.



The decrease in forecast earnings per share is due to one-time costs associated with restructuring activities necessitated by the ongoing weak demand for our products and the required reduction in our fixed cost structure to ensure the sustainability of the company in the medium to longer term.



The main contributors to the reduction in headline earnings are as follows:

* a R111 million adjustment to the provision for restructuring costs with further opportunities to restructure having been identified ; and

* a write down of R15 million of inventory due to product rationalisation as a result of the restructuring activities.



The company?s results are expected to be published on or about 27 August 2015.
29-May-2015
(Official Notice)
Afrox shareholders (?Shareholders?) are advised in terms of paragraph 3.59 of the Listings Requirements of the JSE Ltd., the following changes have been made to the Afrox board of directors (?Board?).



Appointment of Chief Financial Officer and executive director

Mr Dorian Devers has been appointed as the Chief Financial Officer and executive director of Afrox, with effect from 28 May 2015. Mr Devers is currently the Region Africa and United Kingdom Financial Director for Linde Group AG (?Linde Group?), the holding company of Afrox.



Appointment of Chairman

Following the resignation of Mr Michael Huggon, as announced on SENS on 21 May 2015, Shareholders are advised that Mr Bernd Eulitz has been elected as a member of the Board with immediate effect and will assume the responsibilities of Chairman from 1 June 2015, until the current restructuring program at Afrox has been completed.



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. Due to the positions he holds, he will not be considered an independent Chairman. Dr Khotso Mokhele will accordingly remain as the lead independent director in terms of the applicable legislation, King Code and international best practice, which Afrox strives to uphold. 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), Singapore: Managing Director, Chief Executive Officer of PanGas AG (Switzerland), Head of Sales Region East: Gases Division (Germany).



Resignation of independent non-executive director

Shareholders are further advised of the resignation of Mr David Lawrence as an independent non-executive director of the Company, with effect from 28 May 2015, after having served over nine years in this capacity. The Board would like to express their gratitude to Mr Lawrence for his valuable contribution to Afrox since joining the Board in December 2005. As Mr Lawrence was the Chairman of the Nomination, Governance, Management of Resources Committee (?NGMR Committee?), Mr Lean Strauss will be assuming the role of Chairman of the NGMR Committee with immediate effect.
28-May-2015
(Official Notice)
Afrox shareholders (?Shareholders?) are advised that at the 86th annual general meeting (?AGM?) of Shareholders held on Thursday, 28 May 2015, all the ordinary and special resolutions, as set out in the notice of AGM dated 13 April 2015, were approved by the requisite majority of Shareholders present or represented by proxy. The total number of Afrox shares eligible to vote at the AGM is 342 852 910. The number of shares voted in person or by proxy was 269 767 126 representing 78.68% of the total issued share capital of the same class of Afrox.
21-May-2015
(Official Notice)
Afrox shareholders are advised of the resignation of Mr Michael Huggon as Chairman of the Afrox board (the ?Board?). Mr Huggon has announced his intention to leave The Linde Group (the holding company of Afrox) and as a result will step down as a non-executive director and Chairman of the Board, with effect from 30 May 2015, to pursue interests outside of The Linde Group.



The Board is actively considering the successor to Mr Huggon and an announcement will be made in due course. Should a new Chairman not have been appointed by 30 May 2015, Dr Khotso Mokhele, lead independent non-executive director, will assume the responsibilities of interim Chairman, until the new Chairman is appointed.
20-Apr-2015
(Official Notice)
Shareholders of Afrox (?Shareholders?) are advised that the company has distributed the notice of annual general meeting (?AGM?) (the ?Notice?) to Shareholders, which Notice is also available on the company?s website (www.afrox.com).



Notice is hereby given that the 86th AGM of the company will be held in the Boardroom of the company, Afrox House, 23 Webber Street, Selby, Johannesburg, South Africa on Thursday, 28 May 2015 at 10:00 to transact the business as stated in the Notice.
30-Mar-2015
(Official Notice)
Afrox has announced that South African Schalk Venter, currently Managing Director AEL Mining Services (AELMS) and Executive member of AECI, is to become the new Managing Director of Afrox - the industrial gases and welding products group. Schalk will also be appointed as director on the company?s board. His appointment as Managing Director is effective from 18 May 2015.



He succeeds Brett Kimber, who resigned as Managing Director of Afrox after three years with the company.
30-Mar-2015
(Official Notice)
Shareholders of Afrox (?Shareholders?) are advised that the Company?s integrated report 2014 (?Integrated Report?) has been published on the Company?s website (www.afrox.com) and distributed to Shareholders.



The audited summarised consolidated financial statements for the year ended 31 December 2014, as set out in the Integrated Report contain no modifications from the audited summarised consolidated financial results for the year ended 31 December 2014 which were published on the Stock Exchange News Service on Thursday, 26 February 2015.



The company?s detailed audited consolidated annual financial statements are available on the company?s website (www.afrox.com).
26-Feb-2015
(C)
Revenue for the year remained unchanged at R5.8 billion. EBITDA decreased to R818 million (R880 million). EBIT also fell to R200 million (R514 million). Profit attributable to owners tumbled to R83 million (R309 million). In addition, headline earnings per share took a knock to 36.2cps (995.3cps).



Dividend

The company retains its policy whereby headline earnings cover the dividend twice. In compliance with this policy and due to the level of restructuring costs incurred in the second half of the year, no final dividend can be declared.



Outlook

Afrox remains both profitable and cash generative. The main focus in 2015 will be on the effective restructuring of the company and benefits should start to be progressively realised from the fourth quarter of 2015.
26-Feb-2015
(Official Notice)
Afrox shareholders (?shareholders?) are advised of the resignation of Nicholas Thomson as Finance Director of Afrox with effect from 31 May 2015, to pursue opportunities outside the Group. Mr Thomson has been Finance Director since 1 April 2012.



Mr Thomson will be serving a three month notice period and the board wishes to thank him for his contribution to the Group during his tenure and wishes him well going forward.



Appointment of Independent Non-executive director

Shareholders are further advised of the appointment of Giullean Johann Strauss, as an independent non-executive director of the Company, with effect from 26 February 2015.



Giullean Johann Strauss will also serve as a member of the company?s Audit Committee.
23-Feb-2015
(Official Notice)
Afrox invites all stakeholders (shareholders, media and analysts) to attend the Company?s 2014 year-end results presentation. The details are as follows:

* Date: 2 March 2015

* Time: 14h00 to 15h00

* Venue: Afrox House, 23 Webber Str, Selby, Johannesburg.



Please RSVP to investor.relations@afrox.linde.com. There will also be a live webcast of the presentation through Business Day Live, which can be accessed by following this link http://www.corpcam.com/Afrox02032015
29-Jan-2015
(Official Notice)
13-Jan-2015
(Official Notice)
Change to the board of directors



Afrox shareholders are hereby advised of the resignation of Mr Brett Kimber as the Managing Director of the Company, effective 12 January 2015. Mr Kimber has decided to leave the Company to pursue other career opportunities.



A recruitment process to seek a suitable replacement has been commissioned and further announcements will follow in due course.



Afrox Chairman, Mr Mike Huggon, will assume transitional responsibility for the executive management of the Company until a successor is identified.
28-Nov-2014
(Official Notice)
Afrox shareholders ("Shareholders") are advised that following the business review provided to Shareholders in the interim financial results released on SENS on 21 August 2014, Afrox has initiated a program of cost reduction aimed at improving its profitability.



This program has been initiated due to prevailing depressed market conditions which have led to volume erosion. It is expected that these market conditions will remain in the medium term. Accordingly the company needs to significantly reduce its fixed cost base to ensure an acceptable level of trading performance in the future.



In the execution of this program, the company will explore different options to reduce its fixed cost base over the short and medium term. These options include inter alia the:

* reduction of overheads;

* streamlining of management; and

* review of the geographic footprint, distribution network, the business and product portfolios



The company is fully committed to these improvement initiatives; however it sincerely regrets the material impact on employees that these initiatives are likely to have. All reasonable options to mitigate the impact of these initiatives on our employees will be considered during the execution of this program.



Further details of the cost management program will be provided during January 2015.
18-Sep-2014
(Official Notice)
Shareholders are advised that Afrox has signed a ten year contract extension with Scaw Metals Group to supply 50 tons-per-day of oxygen to its Wadeville works. The new agreement, encompassing previous updates of old agreements, will be worth more than R400 million in the longer term.
10-Sep-2014
(Official Notice)
Shareholders are advised that Afrox has retained its contract to supply Sasol with compressed gases until 31 December 2020. Annual value of compressed gas sales to Sasol is currently R26 million and this five-year contract extension is expected to result in total sales to the value of R150 million. In addition, Sasol purchased a wide range of hard goods on contract from Afrox and in January 2014, this contract was also extended for a further five-year period until January 2019. The estimated total value of sales as a result of the welding contract extension is R32 million.
04-Sep-2014
(Official Notice)
Shareholders are advised that Afrox has signed a five-year contract with Exxaro FerroAlloys (Pty) Ltd, which at full capacity will be worth R147 million, for the supply of nitrogen to its plant in West Pretoria. Afrox will also be investing in upgrading its distribution pipeline to meet the demand from the Exxaro plant.

21-Aug-2014
(C)
Revenue for the interim period June 2014 increased marginally to R2 866 million (R2 859 million), while EBITDA decreased to R442 million (R449 million). Profit attributable to equity holders was lower at R163 million (R169 million). Headline earnings per share came in at 49.5cps (55.1cps).



Dividend

It is the group's policy to consider dividends twice annually. The board of directors have declared a gross interim cash dividend of 24 cents per share for the six months ended 30 June 2014 (2013: 27.0 cents). The dividend is covered two times by headline earnings per share.



Outlook

Economic conditions are likely to remain challenging for the foreseeable future, particularly in the key manufacturing, mining and steel production sectors of the South African economy. This will require increased focus on cost containment by our company due to lack of volume growth expected in the second half of 2014.
23-Jul-2014
(Official Notice)
Afrox shareholders are advised of the appointment of Nomfundo Vuyiswa Lila Qangule, as an independent non-executive director of the company, with effect from 22 July 2014. Ms Qangule will also serve as a member of the company's Audit Committee.
11-Jun-2014
(Official Notice)
Shareholders of Afrox are advised the Company has signed an R65million contract with Steinm?ller Africa, a subsidiary of the international group Bilfinger SE and leading multi-service provider to the local power generation, petrochemical and allied industries. The five-year contract is for the supply of gases, welding consumables and accessories.
04-Jun-2014
(Official Notice)
Shareholders of Afrox are advised that the Company has signed an equipment supply contract with leading wholesaler Matus, a Brandcorp Company, worth about R25 million a year. The agreement covers Transarc 6013 and Vitemax electrodes, as well as certain items of gas equipment, including the popular PortaPak welding and cutting sets.



Matus is a leading South African wholesaler, distributing a range of industrial and DIY products including compressors and welding and safety equipment through four distribution centres in Johannesburg, Cape Town, Durban and Port Elizabeth. The company sells these goods to more than 7 000 active customers who range from hardware stores, industrial supply companies, hire shops, spares shops, co-operatives, nurseries and buying groups.
28-May-2014
(Official Notice)
Shareholders of Afrox are advised that the company has signed a five-year R55m contract to supply bulk and cylinder liquefied petroleum gas ("LPG") to the leading South African hotel chain, Sun International. The contract will run until 2019.
22-May-2014
(Official Notice)
Shareholders are advised that, at the annual general meeting ("AGM") of Afrox shareholders, all the ordinary and special resolutions as set out in the notice of AGM, were passed by the requisite majority of shareholders present or represented by proxy, without modification.
30-Apr-2014
(Official Notice)
Shareholders of Afrox are advised the Chemical Energy Paper Printing Wood and Allied Workers Union (CEPPWAWU) strike has been suspended without agreement. Although the strike did impact customer service levels, this was mitigated where possible through effective contingency planning and the optimum use of non-striking personnel. As all employees have now returned to work, the company expects a speedy resumption of normal services.
28-Mar-2014
(Official Notice)
Shareholders of Afrox are advised that the company's integrated report 2013 (Integrated Report) has been published on the company's website (www.afrox.com) and distributed to Shareholders. The audited summarised consolidated financial statements for the year ended 31 December 2013, as set out in the Integrated Report contain no modifications from the audited summarised consolidated financial results for the year ended 31 December 2013 which were published on the Stock Exchange News Service on Thursday, 27 February 2014. The company's detailed audited consolidated annual financial statements are available on the company's website (www.afrox.com).



Notice of annual general meeting

Notice is hereby given that the annual general meeting (AGM) of Shareholders will be held at the company's registered office, Afrox House, 23 Webber Street, Selby, Johannesburg, South Africa on Thursday, 22 May 2014 at 10:00 to transact the business as stated in the notice of the AGM forming part of the Integrated Report.

18-Mar-2014
(Official Notice)
Shareholders of Afrox are advised that talks were held in accordance with good corporate governance and in line with all South African labour laws in October 2013 with the Chemical Energy Paper Printing Wood and Allied Workers Union ("CEPPWAWU") and the South African Chemical Workers Union ("SACWU").



As part of the negotiations, Afrox proposed to standardise grades and salaries upon union agreement. After amicable talks, Afrox's offer was accepted by SACWU and the agreement was signed with this union in early March 2014.



CEPPWAWU did not agree and notified Afrox of intent to strike. The official notice from CEPPWAWU indicates strike action will start on 19 March 2014. It will involve less than 10% of the Afrox's workforce. CEPPWAWU has informed Afrox its action will start with a go slow and overtime ban. Full work stoppage by CEPPWAWU will start on Monday, 24 March 2014.



Afrox considers its proposed grading and salaries on offer to the union, and its existing policy on long service and housing benefits, as market competitive. Afrox will continue to seek an amicable agreement with CEPPWAWU. Afrox will follow its policy of ?no work, no pay' for the duration of the strike.



The strike may impact Afrox's ability to provide normal customer services and disruptions and delays may occur. Afrox has plans in place and customers have been informed and will be involved in the contingency planning.



Afrox has a zero tolerance towards acts of intimidation and/or violence and will hold unions and their membership directly and legally accountable for any instances, and will institute legal proceedings to protect its non-striking employees and assets.
27-Feb-2014
(Official Notice)
Afrox has signed a R160 million contract with Columbus Stainless, Africa's only producer of stainless steel flat products, to supply oxygen and nitrogen via pipeline to its works in Witbank. The contract, effective 1 February 2014, forms part of a settlement reached between Columbus and Afrox. The contract secures the future of Afrox?s Witbank ASU facilities, which supply merchant liquid gases as well as oxygen to the healthcare industry.
27-Feb-2014
(C)
Revenue for the final period ended 31 December 2013 was stronger at R5.8 billion (2012: R5.6 billion) and earnings before interest, tax, depreciation, amortisation and impairments (EBITDA) improved to R880 million (2012: R798 million). Profit for the period attributable to equity holders of the company soared to R309 million (2012: R262 million), while headline earnings per share rose to 95.3cps (2012: 88.5cps).



Dividend

The board declared a final cash dividend of 20.0 cents per share (2012: 18.0 cents), which together with the interim cash dividend of 27.0 cents (2012: 27.0 cents) per share, makes a total of 47.0 cents (2012: 45.0 cents) per share before dividend tax declared out of the after tax profits of the 2013 year and which is covered just over 2.0 times by headline earnings per share.



Outlook

The challenging market conditions in South Africa are considered likely to prevail for the foreseeable future given the low growth environment reflected in the GDP forecast. However, due to our ongoing capital programme, the focus on developing our business in the rest of Africa and our recent realignment of our South African business into integrated business lines, we believe that the building blocks for future growth are firmly in place.









12-Feb-2014
(Media Comment)
According to Business Day, JSE- listed gases and welding company Afrox officially turned the first sod on the site of its new R300 million plant in Coega Industrial Development Zone (IDZ) near Port Elizabeth. The plant will service increasing demand for industrial gases in the Eastern Cape, mainly from the automotive and agro-processing industries.
11-Dec-2013
(Official Notice)
Shareholders are advised that Ms Cheryl Singh has been appointed as Company Secretary of Afrox, effective 6 January 2013.
22-Nov-2013
(Official Notice)
Notification was given of the resignation of Ms Carnita Low as the Company Secretary of Afrox, with effect from 31 December 2013.
04-Nov-2013
(Media Comment)
Business Day reported that Afrox has invested R1.5 billion in a development programme to update its operations and improve efficiency. MD Brett Kimber concluded a land-lease agreement with the Coega Development Corporation endorsing Afrox's R300 million investment in a 150-tonne a day air separation unit in Coega. The operation in Port Elizabeth will give Afrox direct access to its manufacturing and health industry customers in the Eastern Cape.
22-Aug-2013
(C)
Revenue for the interim period increased to R2.9 billion (R2.8 billion). Earnings before interest and tax fell to R271 million (R292 million). Profit attributable to equity holders decreased to R169 million (R177 million). In addition, headline earnings per share grew to 55.1cps (53.8cps).



Dividend

It is the group's policy to consider dividends twice annually. The board of directors have declared a gross interim cash dividend of 27.0cps for the six months ended 30 June 2013 (27.0cps). The dividend is covered 2.0 times by headline earnings per share.



Outlook

Economic conditions are expected to remain challenging for the foreseeable future, particularly in the key manufacturing, mining and steel production sectors of the South African economy. Long term growth prospects in the rest of Africa are excellent and management is finalising the expansion strategy in this region. Of the current capital plan of R1.5 billion, R300 million has been earmarked for a new 150-tons-per-day atmospheric gases unit in the Eastern Cape, the epicentre of South Africa's motoring industry, and a state-of-the-art R400 million hub in the east coast province of KwaZulu-Natal. Overall, our outlook for the remainder of the financial year remains optimistic.
22-Jul-2013
(Media Comment)
According to Business Day, on 19 July 2013 Afrox launched its new gas regulator, which the company claims is set to transform the international industrial gas industry. The Smoothflo regulator will mainly be used in welding processes, increasing efficiency under safe conditions. Brett Kimber, Afrox MD, said the company was introducing the most technologically advanced and engineered gas pressure to make it to the global industrial market. Smoothflo's main benefit is that it was safer than other regulators.
16-Jul-2013
(Official Notice)
Afrox shareholders were advised of the resignations of Ms Morongwe Malebye, an independent non-executive director and Mr Dynes Woodrow, a non-executive director of the company. Their resignation from the board will be effective from 22 August 2013.
18-Aug-2017
(X)
African Oxygen Ltd. (Afrox) was founded in 1927 and is southern Africa?s market leader in industrial gases, LPG and welding products. We operate in South Africa and eight other African countries. We manage various operations in five other African countries on behalf of The Linde Group (Linde) ? our global gases, engineering and technology parent?company.
23-May-2013
(Official Notice)
The board of directors advise that, at the Annual General Meeting of Afrox shareholders held at the registered offices of the company on 23 May 2013, all the ordinary and special resolutions as set out in the notice of Annual General Meeting were duly passed by the requisite majority votes.
25-Apr-2013
(Official Notice)
Notification is hereby given to Afrox shareholders of the retirement of Mr Jonathan Narayadoo, an executive director of the Company and General Manager Exports. Consequently, Mr Narayadoo will no longer make himself available for re- appointment at the company's annual general meeting to be held on 23 May 2013 and his retirement will therefore be effective from the date of the AGM.
15-Apr-2013
(Media Comment)
According to Business Report, Afrox is enhancing its product manufacturing capacity after devising a new regulator for the gas cylinder market that is set to stir the global market and have a substantial effect on the group's revenue. Managing director, Brett Kimber, said the new product had the potential to double turnover contribution out of manufacturing activities up from the current 14 percent. He added that the latest Afrox regulator, to be launched this year, was highly innovative and that the company would be focussing on producing some new products to increase supply into Africa and the international channel.
11-Apr-2013
(Media Comment)
Business Day noted that Afrox has opened its new R200 million air separation unit at its Pretoria West plant. The new unit is part of a R1.5 billion capital investment make-over programme to expand the company's customer base into sub-Saharan Africa. The new unit has been designed and built to global standards.
26-Mar-2013
(Official Notice)
Shareholders were advised that the Afrox Annual Report 2012 ("Annual Report") has been published on the Company's website (www.afrox.com) and dispatched to shareholders.



The annual financial statements for the year ended 31 December 2012, as set out in the Annual Report, contain no modifications to the audited group financial results for the year ended 31 December 2012 which were published on SENS on Thursday, 28 February 2013.



Notice of annual general meeting

Notice was given that the annual general meeting ("AGM") of shareholders will be held at the company's registered office, Afrox House, 23 Webber Street, Selby, Johannesburg, South Africa on Thursday, 23 May 2013 at 10:00 to transact the business as stated in the notice of the AGM forming part of the Annual Report.
12-Mar-2013
(Media Comment)
Business Day reported that the R1.5 billion in projects that Afrox announced may be the start of a surge of capital expenditure by South African industries. Various industries are at the bottom of what analysts perceive as a looming upturn for companies involved in upgrading existing infrastructure and factories. Several large private and listed groups are expected to make investments. According to Stanlib equity analyst, the construction industry managed to work the losses of the last three years out of its system and new companies like Afrox are set to benefit.
28-Feb-2013
(C)
Revenue for the final period ended 31 December 2012 was stronger at R5.6 billion (R5.2 billion) and earnings before interest, tax, depreciation, amortisation and impairments (EBITDA) improved to R798 million (R774 million). Profit for the period attributable to equity holders of the company soared to R270 million (R183 million), while headline earnings per share decreased slightly to 91cps (91.6cps).



Dividend

The board declared a final cash dividend of 18 cents per share (2011: 23 cents), which together with the interim cash dividend of 27 cents per share (2011: 22 cents), makes a total of 45 cents per share (2011: 45 cents) that has been declared out of the after tax profits of the year and which is covered 2.0 times by headline earnings per share.



Outlook

Although overall trading conditions were challenging throughout the year, the Group's prospects remain positive and are supported by a well developed business footprint and distribution network. While increased capital investment will continue, attention will be paid to improving margins through greater efficiency, growth and reduction of costs to levels that are appropriate to the business.



Afrox is poised to move into the second phase of its 'turnaround' strategy, which will involve concentrating on growth and improving the EBITDA level from the current levels. To assist in this, an integrated business planning approach to Afrox's activities has been adopted, which will assist in identifying where investment is required to increase customer service levels, as well as identifying where future growth can be expected. In addition, the company has introduced a new integrated business line structure which will improve accountability, allow clear performance goals and objectives to be set and ensure that there is appropriate bottom-line accountability as well as efficient asset utilisation. In the coming year, attention will be focused on market opportunities supported by investment in new projects. An anticipated R1.5 billion will be devoted to the capital projects programme which will boost capacity and improve customer service in KwaZulu-Natal, Gauteng and the Eastern Cape. Our outlook remains optimistic.



28-Feb-2013
(Official Notice)
Notification was given to Afrox shareholders of the resignation of Mr Louis Van Niekerk, the Lead Independent Non-Executive Director of the Company, who has decided not to make himself available for re-appointment at the Company's Annual General Meeting on 23 May 2013 ("AGM"). Consequently, his resignation will be effective from the date of the AGM. The Board has nominated Dr Khotso Mokhele, who has been a director of the Company since 1 April 2006, as the Lead Independent Non-Executive Director from the date of Mr Louis van Niekerk's resignation.
13-Feb-2013
(Official Notice)
Afrox shareholders were advised that in respect of the year ended 31 December 2012:

*basic earnings per share are expected to be between 38% and 58% higher; and

*headline earnings per share are expected to be between 0% and 2% lower

than those for the year ended 31 December 2011 ("comparative period").



The increase in basic earnings per share is primarily derived from the consequences of the significant impairments provided against the carrying value of property, plant and equipment in the comparative period.



Afrox's results for the year ended 31 December 2012 are expected to be published on or about 28 February 2013.
22-Nov-2012
(Official Notice)
Afrox is to invest R750-million on a new state-of-the-art commercial hub in KwaZulu-Natal and on a new air separation unit (ASU) to service customers in the Eastern Cape, the company announced today, 22 November 2012.



This 111 000 square metre site will be the single biggest project Afrox has ever undertaken in South Africa and will be a benchmark for parent company, The Linde Group's industrial gases operations worldwide.



The new site will be the most advanced facility of its kind and will be Afrox's largest single filling site on the African continent, filling an average of 5 000 cylinders a day, with the capacity to increase production by up to 40%.



A further R250m of the R1.5 billion investment programme has been earmarked for a 150 tons-per-day ASU to service customers in Port Elizabeth, and the surrounding region. The stand-alone plant will be located on an established site within the Coega Industrial Development Zone, South Africa's foremost investment hotspot.



Currently, demand for industrial gases in the Eastern Cape can only be satisfied by trucking in product by road tanker, sometimes over distances ranging from 400kms to more than 1 100kms, with all the associated risks around South Africa's annual wage negotiations and road safety issues.
22-Nov-2012
(Official Notice)
Afrox shareholders were advised that Messrs. Sipho Nkosinathi Maseko and Christopher Frank Wells have been appointed as independent non-executive directors to the company's board with effect from 22 November 2012.
14-Sep-2012
(Official Notice)
Afrox shareholders are advised that Mr Richard John Newton Gearing has been appointed as a non-executive director to the company's board with effect from 10 September 2012.
23-Aug-2012
(C)
Revenue for the six months to 30 June 2012 was up 9% to R2.8 billion (2011:R2.5 billion). Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 7% to R446 million (2011:R416 million). Profit attributable to equity holders more than double to R181 million (2011: R53 million). In addition, headline earnings per share rose to 55.1cps (2011: 52.8 cps).



Dividend

The board declared a gross interim cash dividend of 27.0cps.



Outlook

Economic conditions remain challenging, with low market growth expected, particularly in the key manufacturing, mining and steel production sectors of the South African economy. Future growth prospects in the rest of Africa, which have traditionally lagged South Africa, hold exciting new opportunities. Afrox is moving from a 'turnaround' phase to a sustained and aggressive growth phase in which market opportunities will be assessed and new projects undertaken where appropriate. The projected growth in 2013 and beyond will be driven by an anticipated R1.5 billion capital projects programme which is aimed at boosting capacity and improving customer service levels in KwaZulu-Natal, Gauteng and the Eastern Cape. Overall, the company's outlook for the remainder of the financial year remains optimistic albeit in a challenging business environment.
27-Jul-2012
(Official Notice)
Afrox shareholders were advised that in respect of the six month trading period ended 30 June 2012:

*basic earnings per share are expected to be between 230% and 250% higher; and

*headline earnings per share are expected to be between 3% and 5% higher



than those of the comparative period (30 June 2011).



These increases are primarily derived from the consequences of the significant impairments provided against the carrying value of property, plant and equipment in the comparative period. Afrox's interim results for the six month period ended 30 June 2012 are expected to be published on or about 23 August 2012.
17-May-2012
(Official Notice)
The board of directors advised that, at the annual general meeting of Afrox shareholders held at the registered offices of the company on 17 May 2012, all the ordinary and special resolutions as set out in the notice of annual general meeting were duly passed by the requisite majority votes.
13-Apr-2012
(Official Notice)
Shareholders are referred to the notice of annual general meeting ("AGM") announcement published on SENS on 19 March 2012 ("the Announcement"). The announcement set out details of Afrox's AGM, to be held on Thursday 17 May 2012 at 10h00, at which the business as stated in the notice of AGM forming part of the annual financial statements ("the Notice") will be conducted. Shareholders are advised that the Notice has been revised to take into account the subsequent appointment of a new director ("Revised Notice"), which revised notice and proxy form, were posted to shareholders on 10 April 2012. The revised notice is available on the company's website (www.afrox.com).
19-Mar-2012
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 31 December 2011 have been published on the company's website (www.afrox.com) and dispatched to shareholders. The annual financial statements contain no modifications to the audited results which were published on Thursday 23 February 2012.



Notice of annual general meeting

Notice was given that the annual general meeting of shareholders will be held at the registered office, Afrox House, 23 Webber Street, Selby, Johannesburg, South Africa on Thursday 17 May 2012 at 10h00 to transact the business as stated in the notice of the annual general meeting forming part of the annual financial statements.
02-Mar-2012
(Official Notice)
Afrox shareholders are hereby advised that following the resignation of Mr Frederick Kotzee with effect from 31 March 2012, Mr Nick Thomson has been appointed Financial Director of the company, with effect from 2 April 2012.
29-Feb-2012
(Official Notice)
Afrox shareholders were advised of the resignation of Mr Frederick Kotzee as the financial director of the company, effective on 31 March 2012. A recruitment process to seek a suitable replacement for the position of financial director has been commissioned.
23-Feb-2012
(C)
Revenue for the final period ended 31 December 2011 was stronger at R5.2 billion (R4.7 billion) and earnings before interest, tax, depreciation, amortisation and impairments (EBITDA) improved to R774 million (R606 million). Profit for the period attributable to equity holders of the company soared to R183 million (R94 million), while headline earnings per share climbed by 65% to 91.6cps (55.5cps).



Dividend

The board declared a final cash dividend of 23cps (2010: 8cps). Together with the interim cash dividend of 22cps (2010: 19cps), a total of 45cps (2010: 27cps) was declared for the year and is covered 2.0 times in headline earnings per share.



Outlook

Many of the internal factors that restrained growth during 2010 have been resolved, clearing the way for an incremental return to operational and financial strength, barring unforeseen events. Continued low economic growth, which impact on manufacturing and infrastructure spend in South Africa, remains a real concern and as a result our outlook remains cautiously optimistic.
18-Nov-2011
(Official Notice)
Notification is hereby given of the resignation of Mr SM Pityana as an Independent Non-Executive Director of Afrox, with effect from 31 December 2011.

04-Nov-2011
(Official Notice)
28-Oct-2011
(Official Notice)
Shareholders were advised that the quarterly results of Linde AG, ultimate holding company of Afrox, for the period ended 30 September 2011 have been released. Please refer to www.linde.com.
08-Aug-2011
(Official Notice)
Afrox shareholders were referred to the cautionary announcements published on SENS on 1 July 2011 and 19 July 2011 and in the South African press on 4 July 2011 and 20 July 2011 respectively ("the announcements").



Shareholders were therefore advised that the circumstances referred to in the announcements are no longer relevant and therefore caution is no longer required to be exercised by shareholders when dealing in the company's securities.
04-Aug-2011
(Official Notice)
Afrox shareholders are referred to the announcement published on the Securities Exchange News Service on 30 June 2011 relating to the resignation of the Managing Director, Mr Tjaart Kruger, and are hereby advised that his resignation from the company will be effective on 31 August 2011.

21-Jul-2011
(Official Notice)
Afrox shareholders were advised that the unaudited financial results for the six months ended 30 June 2011 were published on 19 July 2011("the results"). The presentation made to investor analysts with regard to the results is now available on the Afrox website at: www.Afrox.com. This presentation addresses specific aspects contained in the results as well as additional information regarding Afrox's future challenges.
19-Jul-2011
(C)
Revenue for the interim period increased to R2.5 billion (2010: R2.3 billion). Earnings before interest, tax, depreciation, amortisation and impairments (EBITDA) rose to R416 million (2010: R354 million), but profit attributable to equity holders of the company decreased to R53 million (2010: R118 million). Furthermore, headline earnings per share improved to 52.8cps (2010: 38.8cps).



Dividend

It is the group's policy to consider dividends twice annually. The board of directors have declared an interim cash dividend of 22cps for the six months ended June 2011 (2010: 19.0 cents). The dividend is covered two times by earnings per share adjusted for benefit fund gains.



Outlook

Market conditions, compared to the corresponding 2010 period, remain challenging for the remainder of the year, with only minimal growth in the South African economy expected. Growth in Africa, which traditionally lags that of South Africa, is expected to be muted. The group is optimistic that the continued focus on current business strategies, backed by continued cost management will contribute to an improved performance during the second six months of 2011, compared to the same period of last year.
19-Jul-2011
(Official Notice)
Afrox's results for the six months ended 30 June 2011 are expected to be released on 19 July 2011. In respect of the six months ended 30 June 2011, and comparing it with the comparable six month period of last year ("comparable period") the group advised shareholders that:

* headline earnings per share is expected to improve by 37% on those of the comparable period (included is a once-off gain on benefit funds of 7 cents per share, excluding the once-off, the expected improvement would be 19%).

* basic earnings per share is expected to reduce by 55% on those of the comparable period as a result of plant impairment.
01-Jul-2011
(Official Notice)
Afrox shareholders were advised that there are circumstances that may have a material effect on the price of the company's securities. Accordingly, Afrox shareholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.
30-Jun-2011
(Official Notice)
Afrox shareholders were advised of the resignation of Mr Tjaart Kruger as the managing director of the company, effective on a date to be determined in the third quarter of this year. A recruitment process to seek a suitable replacement for the position of managing director has been commissioned immediately and further announcements will follow in due course.
19-May-2011
(Official Notice)
The board of directors advise that, at the annual general meeting of Afrox shareholders held at the registered offices of the company, all the ordinary and special resolutions as set out in the notice of annual general meeting were duly passed by the requisite majority votes except for ordinary resolution number seven. The special resolutions will be submitted for filing, as applicable, at the Companies and Intellectual Property Commission in due course.
05-May-2011
(Official Notice)
Shareholders were advised that the quarterly results of Linde AG, ultimate holding company of Afrox, for the quarter ended March 2011, have been released. Please refer to www.linde.com.
03-May-2011
(Official Notice)
Shareholders are referred to the notice of annual general meeting ("AGM") announcement published on SENS on 15 March 2011 ("the announcement"). The announcement set out details of Afrox's AGM, to be held on Thursday 19 May at 10h00, at which the business as stated in the notice of AGM forming part of the annual financial statements ("the notice") will be conducted. Shareholders were advised that the notice has subsequently been revised to take into account the provisions of the Companies Act No. 71 of 2008 ("the revised notice"), which revised notice and proxy form was posted to shareholders on 28 April 2011.
11-Apr-2011
(Official Notice)
As a result of organisational changes and restructuring within the Linde Group, the responsibilities of various executives within the Linde Group have changed. Accordingly and in line with the new designated executive responsibilities, there have been resultant changes to the non-executive directors of the Afrox board. Shareholders are therefore advised of the following changes to the Afrox board:

*Mr Kent Masters has resigned as a non-executive director and as the chairman of the Afrox board, with effect from 20 May 2011;

*Mr Michael Stewart Huggon has been appointed as a non-executive director of Afrox with effect from 11 April 2011 and as the chairman of the Afrox board with effect from 20 May 2011;

*Mr Jurgen Nowicki has resigned as a non-executive director of Afrox with effect from 20 May 2011; and

*Mr Matthias Plotho has been appointed as a non-executive director of Afrox with effect from 20 May 2011.
24-Mar-2011
(Official Notice)
Shareholders are advised that Ms Karen Oliver has resigned as a non-executive director of Afrox with effect from 31 March 2011.
15-Mar-2011
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 31 December 2010 was published on the company's website (www.afrox.com) and dispatched to shareholders on Tuesday, 15 March 2011 The annual financial statements contain no modifications to the audited results which were published on Thursday 17 February 2011.



Notice of annual general meeting

Notice is hereby given that the annual general meeting of shareholders will be held at the registered office, Afrox House, 23 Webber Street, Selby, Johannesburg, South Africa on Thursday 19 May 2011 at 10h00 to transact the business as stated in the notice of the annual general meeting forming part of the annual financial statements.
16-Feb-2011
(C)
For the year ended 31 December 2010 revenue decreased by 2% to R4.7 billion from R4.8 billion and earnings before interest, tax, depreciation and amortisation (EBITDA) reduced by 24% to R606 million (R801 million).Headline earnings per share decreased to 55.5cps (Headline earnings per share of 74.6cps).



Dividend

The board has resolved to declare a final cash dividend of 8cps( 2009: 19 cps). Together with the interim cash dividend of 19cps (2009: 19cps), a total of 27cps (2009: 38cps) is paid for the year and is covered 2.1 times based on headline earnings per share (2009: 2.0 times).



Outlook

Afrox is focusing on protecting its strong position in industrial gases, LPG and hardgoods with continued investment in plant expansion and modernisation, the benefits of which are likely to start coming through from 2011 onwards. A number of sizeable one-off costs should not recur in 2011, and the Group is well geared to benefit from improved market conditions and growth opportunities.
04 Jan 2011 15:50:35
(Official Notice)
11 Nov 2010 14:34:14
(Official Notice)
Shareholders are advised that Afrox will be impairing assets at two of its manufacturing facilities. These impairments and associated costs will result in a negative pre-tax impact in 2010 of R112 million. Annualised savings are estimated at R25 million (effective in 2011) and R50 million (effective in 2012).



Trading statement

Accordingly the group advised shareholders that for the year ending 31 December 2010, basic earnings per share are expected to be between 40% and 60% lower than those of the previous corresponding period and headline earnings per share are expected to be between 10% and 30% lower than those of the previous corresponding period, after taking into account the impairment detailed above. Shareholders are advised that Afrox's results for the twelve months ending 31 December 2010 are expected to be released on or about 17 February 2011.
04 Nov 2010 11:31:21
(Official Notice)
Shareholders were advised that the quarterly results of Linde AG, ultimate holding company of Afrox, for the quarter ended September 2010 has been released. Please refer to www.linde.com.
26 Aug 2010 16:20:31
(C)
Revenue was down 3% to R2 312 million (2009: R2 374 million), EBITDA declined to R354 million (2009: R405 million), and operating profit decreased to R217 million (2009: R254 million), while income attributable to ordinary shareholders fell to R118 million (2009: R120 million). However headline earnings per share increased slightly to 38.8cps (2009: 38.7cps).



Dividends

The board of directors have declared an interim cash dividend of 19.0 cents per ordinary share for the six months ended June 2010 (2009: 19.0cps)



Outlook

No significant improvement is expected in the South African economy in the second-half of 2010 with only moderate recovery expected in the rest of Africa. Focus will remain on cost management and customer service. As such Afrox maintains a cautious outlook.
02 Aug 2010 11:15:01
(Official Notice)
Shareholders are advised that the interim results of Linde AG, ultimate holding company of Afrox, for the period January to June 2010 have been released. Please refer to www.linde.com.
13 Jul 2010 15:01:49
(Official Notice)
Shareholders are advised that Ms Carnita Low has been appointed as company secretary to Afrox, effective 1 October 2010.
21 May 2010 10:03:47
(Official Notice)
Shareholders are advised that Mr. D M Woodrow has been appointed as a non-executive director of Afrox, effective 20 May 2010. Furthermore, shareholders are advised that Mr. F Kotzee, financial director of Afrox, has been appointed as an executive director of Afrox, effective 20 May 2010.
20 May 2010 15:06:38
(Official Notice)
The board of directors advise that, at the annual general meeting of shareholders, all the ordinary resolutions were duly passed by the requisite majority votes. The special resolution granting a general mandate to the directors to conduct share buy-backs at the appropriate time and within prescribed limits was similarly adopted, and is in the process of being submitted to the Companies and Intellectual Property Registration Office, for registration.
15 Mar 2010 16:52:55
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 31 December 2009 was published on the company's website today (www.afrox.com) and will be dispatched to shareholders on Wednesday, 17 March 2010. The annual financial statements contain no modifications to the audited results which were published on Thursday, 18 February 2010.



Notice of annual general meeting

Notice is hereby given that the annual general meeting of shareholders will be held at the registered office, Afrox House, 23 Webber Street, Selby, Johannesburg, South Africa on Thursday, 20 May 2010 at 10h00 to transact the business as stated in the notice of the annual general meeting forming part of the annual financial statements.
01 Mar 2010 10:11:29
(Official Notice)
Shareholders were advised that following the retirement of Mr Cor van Zyl as financial director at the end of February 2010, Mr F Kotzee has been appointed as financial director of Afrox, effective 1 April 2010. Mr Tjaart Kruger will act as interim financial director from 1 March 2010 to 31 March 2010.
18 Feb 2010 15:44:07
(C)
For the year ended 31 December 2009 revenue decreased by 15% to R4.8 billion from R5.6 billion and earnings before interest, tax, depreciation and amortisation (EBITDA) reduced 17% to R838 million. Operating profit decreased to R537 million for the 2009 period (R753 million : 2008). Headline earnings per ordinary share in cents for 2009 was 74,6 cent (133,5 cents : 2008). The board resolved to declare a final cash dividend of 19 cents per share (2008: 25 cents). Together with the interim cash dividend of 19 cents per share (2008: 42 cents), a total of 38 cents per share (2008: 67 cents) is paid for the year and is covered 2,0 times in earnings per share (2008: 2.0 times), which is consistent with our guiding principals.



Outlook

Focal points for 2010 remain working capital management, productivity improvement and the minimising the complexity of doing business. There is every indication that any recovery will be off a low base and slow. Therefore we have to stay close to our customers and alert to competitive threats. While African Operations turned in solid performance towards the end of year, the company are acutely aware of increased competitor activity, economic variances and pressures in local geographic markets, which may indicate certain volatility in returns as the company progress through 2010. The coming year will be challenging and as such Afrox maintain a cautious outlook but are optimistic that the company's 2009 cost reduction and productivity initiatives, coupled with decisive change management action, will strengthen the group's ability to service customers and optimise market position.
02 Feb 2010 10:13:10
(Official Notice)
Shareholders are advised that Afrox's results for the twelve months ended 31 December 2009 are expected to be released on or about Thursday, 18 February 2010.
28 Jan 2010 16:08:51
(Official Notice)
Shareholders were advised that Mr Alan Watkins has resigned as a non-executive director of Afrox, effective 28 February 2010. Ms Ay'esha Seedat has been appointed as acting company secretary, effective 1 February 2010.
05 Jan 2010 14:34:54
(Official Notice)
Retirement of Mr CPJG van Zyl as the Financial Director of Afrox, with effect from 28 February 2010

Resignation of Mr MM Manjingolo as the company secretary of Afrox, with effect from 31 January 2010.
01 Dec 2009 16:39:29
(Official Notice)
Shareholders are advised that Mr Jonathan Narayadoo has been appointed as an executive director of Afrox with effect from 1 December 2009.
27 Aug 2009 15:14:05
(C)
Revenue declined to R2.4 billion (R2.7 billion). EBITDA decreased to R433 million (R573 million) and operating profit dropped to R282 million (R450 million). Net attributable profit for the period declined R127 million (R282 million). In addition, headline earnings fell to 38.7cps (89.8cps).



Dividend

An interim ordinary dividend of 19cps has been declared.



Outlook

Infrastructure spending in South Africa continues to remain an opportunity. Afrox is competitive in this area amid increasing competition. Our Level 4 Black Economic Empowerment rating is having a positive impact on business retention and new tenders.



Key drivers remain working capital reduction, reduction in the cost of doing business and liquidity. Operational and structural changes are on course to strip-out R200 million in underlying costs. This programme will be completed by year-end. Identification of savings is now part of the business process and from this, Afrox expects to achieve ongoing efficiencies. In the present climate Afrox maintains a cautious outlook amid indications that these results to 30 June 2009 are likely to reflect business trends through to fiscal year-end. The company will remain profitable and cash flow positive for the full year.
07 May 2009 16:12:04
(Official Notice)
Afrox announced a raft of measures to counter economic crisis. The company confirmed operational and structural changes to deliver R200 million in cost savings by the end of 2009. Measures announced at its annual general meeting held on 7 May 2009 include:

*A reduction in filling sites, elimination of minimally profitable or slow moving product ranges, and optimisation of routes to market.

*A review of all outlets is complete and closure of branches that do not meet minimum return thresholds is underway.

*A head-count reduction of close to 15% will be achieved by the third quarter.
07 May 2009 16:09:35
(Official Notice)
The board of directors advise that, at the annual general meeting of shareholders held at the registered offices of the company today, other than the ordinary resolution approving the general authority to issue shares for cash, all the ordinary resolutions were duly passed by the requisite majority votes. The special resolution granting a general mandate to the directors to conduct share buy-backs at the appropriate time and within prescribed limits was similarly adopted, and is in the process of being submitted to the Companies and Intellectual Property Registration Office, for registration.
30 Mar 2009 17:24:39
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 31 December 2008 were dispatched to shareholders Thursday, 19 March 2009, and contain no modifications to the audited results which were published on Thursday, 26 February 2009. The audited results of Afrox as referred to above and the annual financial statements were audited by Afrox's auditors, KPMG Inc and their report is available for inspection at Afrox's registered office (Afrox House, 23 Webber Street, Selby, Johannesburg).



Notice is hereby given that the annual general meeting of shareholders will be held at the registered office, Afrox House, 23 Webber Street, Selby, Johannesburg, South Africa on 07 May 2009 at 09:00 to transact the business as stated in the notice of the annual general meeting forming part of the annual financial statements.
26 Feb 2009 18:10:07
(C)
For the year ended 31 December 2008 revenue increased by 18% to R5,7 billion and operating profit declined by 10% to R753 million compared to the restated results for the twelve month period ended December 2007. Net attributable declined to R412 million (R463 million). In addition, headline earnings per share fell to 133.5cps (188.9cps).



Dividend

A final ordinary dividend of 25cps has been declared.



Prospects

Afrox's major capital investment programme has now been completed with the result that significantly reduced expenditure is anticipated for the immediate future. Focal points for 2009 include tighter working capital management, reducing overhead cost, minimising the cost and complexity of doing business, and preserving liquidity at a time when credit is tight. The African operations are performing well but management expects deteriorating conditions towards the middle of the year due to the impact of the lower commodity prices. No improvement in trading conditions are expected before 2010, when the infrastructure build-up, lower inflation and the easing of interest rates will, hopefully, have stemmed job losses and steadied volumes. Until such time as general confidence returns, however, Afrox's traditional customer base will remain under extreme pressure.
11 Feb 2009 16:35:42
(Official Notice)
Afrox's results for the twelve months ended 31 December 2008 are expected to be released on or about 26 February 2009. In compliance with the Listings Requirements of the JSE Ltd and in respect of the twelve months ended 31 December 2008, and comparing with the previous fifteen month period ("previous corresponding period"), as a result of the change in the financial year end during 2007, the group hereby advises shareholders that:

*basic earnings per share and headline earnings per share are expected to be between 25% and 35% below those of the previous corresponding period.



In respect of the twelve months ended 31 December 2008, and comparing it with the comparable twelve month period of last year ("comparable period"), the group hereby advises shareholders that:

*basic earnings per share and headline earnings per share are expected to be between 5% and 15% below those of the comparable period.
24 Nov 2008 13:18:23
(Official Notice)
The three months ended 30 September 2008 were characterised by a challenging operating environment as a result of the general slowdown in the economic conditions in South Africa. These factors did not prevail at the time Afrox issued its Interim results announcement for the six months ended 30 June 2008. Given the current market conditions, Afrox expects the negative trend experienced to continue beyond the third quarter. In response the company has implemented strategies to identify, manage and reduce risk posed by uncertainties of the global economic climate.



This announcement relates to the actual results for the third quarter ended 30 September 2008, and must be read in conjunction with the Interim results announcement for the six months ended 30 June 2008, where it is stated that the outlook is expected to improve in the second half of 2008.
21 Aug 2008 15:34:01
(C)
Afrox's results for the six months to 30 June 2008 show revenue at R2.6 billion with operating profits at R450 million. Net profit attributable to ordinary shareholders for the period was R282 million and headline earnings per share amounted to 89.8c. These results are not comparable to the comparative interim period because the period to 30 June 2007 was nine months.



Dividend

An interim ordinary dividend of 42cps has been declared.



Prospects

The outlook is expected to improve in the second half of 2008, as the full benefits of the previously announced capex programme and organisation restructure are realised. This is already reflected in the improved production volumes at our Germiston cylinder-filling hub. The Brits plant has also increased production of MIG-wire over the last few months with record production levels of low hydrogen welding electrodes achieved during June 2008. Despite the general slowdown in the South African economy, Afrox expects demand for its products to remain strong for the remainder of the financial year based on the level of infrastructure development.
07 Aug 2008 15:54:32
(Official Notice)
Afrox's results for the six months ended 30 June 2008 are expected to be released on or about 21 August 2008. In compliance with the Listings Requirements of the JSE Limited and in respect of the six months ended 30 June 2008, and comparing with the previous nine month period, because of the change in the financial year end in 2007, the group hereby advises shareholders that:

*basic earnings per share and headline earnings per share are expected to be between 20% and 30% below those of the previous corresponding period.

In respect of the six month ended 30 June 2008, and comparing it with the comparable six month period of last year, the group hereby advises shareholders that:

*basic earnings per share and headline earnings per share are expected to be between 15% and 25% higher than those of the comparable period.

Shareholders are advised that the forecast financial information contained in this trading update has neither been reviewed nor reported on by the company's external auditors.
09 May 2008 11:46:33
(Official Notice)
At the annual general meeting of shareholders held at the registered offices of the company on Friday, 9 May 2008, all the ordinary resolutions as set out in the notice of annual general meeting contained in the company's 2007 annual financial statements, were duly passed by the requisite majority votes. The special resolution granting a general mandate to the directors to conduct share buy-backs at the appropriate time and within prescribed limits was similarly adopted, and is in the process of being submitted to the Registrar of Companies.
28 Mar 2008 14:39:16
(Official Notice)
Shareholders are advised that the annual financial statements for the year ended 31 December 2007 will be dispatched to shareholders on or about 28 March 2008, and contain no modifications to the audited results which were published on Thursday, 14 February 2008. The audited results of Afrox as referred to above and the annual financial statements were audited by Afrox's auditors, KPMG Inc and their report is available for inspection at Afrox's registered office (Afrox House, 23 Webber Street, Selby, Johannesburg).



The annual general meeting of shareholders will be held at the registered office, Afrox House, 23 Webber Street, Selby, Johannesburg, South Africa on Friday, 9 May 2008 at 09:00 to transact the business as stated in the notice of the annual general meeting forming part of the annual financial statements.
14 Feb 2008 15:33:31
(C)
During the fifteen-month period ended 31 December 2007, revenue was R5.9 billion, with operating profit coming in at R1.1 billion. On an annual comparable basis, revenue increased by 16% to R 4.8 billion, with operating profit up 19% to R854 million. Profit for the period attributable to ordinary shareholders amounted to R603 million. In addition, headline earnings on a per share basis of 196.5cps was achieved.



Dividend

A final ordinary dividend of 46cps has been declared for the fifteen months to 31 December 2007.



Outlook

Afrox, under new executive leadership and with full backing from Linde, is building on acknowledged strengths and systematically addressing deficiencies in capacity and service delivery. Electricity shortages in South Africa require a concerted national effort in pursuit of the stated savings objective. Afrox is fully resolved to maximise efficiencies, re-schedule production where feasible, and partner with affected customers to ensure minimal disruption. Afrox's reach across the economy is such that it has good defensive properties but is nevertheless well positioned in areas offering potential, not least infrastructure. Real growth is budgeted for in the medium term, accelerated by profitability gains arising from the restructuring and re-focus on core capabilities.
06 Feb 2008 13:04:54
(Official Notice)
Afrox's results for the fifteen months ended 31 December 2007 are expected to be released on or about 14 February 2008. In respect of the fifteen months ended 30 December 2007, the group hereby advises shareholders that:

*core headline earnings per share are expected to be between 50% and 60% higher than those reported for the twelve months ended 30 September 2006;

*headline earnings per share are expected to be between 0% and 10% higher than those reported for the previous corresponding period; and

*basic earnings per share are expected to be between 25% and 35% below those reported for the previous corresponding period.

In the previous corresponding period, the earnings were strongly impacted by the profit realised from the disposal of the healthcare investment, the share of associate profits derived from the healthcare interest and a pension fund surplus. Shareholders are advised that the forecast financial information contained in this trading update has neither been reviewed nor reported on by the company's external auditors.
11 Jul 2006 09:36:22
(Media Comment)
Business Day noted that Afrox was planning to raise storage capacity in an effort to prevent future gas shortages.
05 May 2006 10:35:03
(Media Comment)
Business Day reported that Afrox had acquired Refrigeration Equipment for an undisclosed amount.
26 Apr 2006 16:36:51
(C)
The industrial business saw a 19% increase in revenue to R1.87 billion with operating profit increasing by 16% to R360.4 million and net profit attributable to shareholders increasing 15% to R242,0 million. (This comparison excludes the healthcare results). These results were achieved in mixed trading conditions where overheads were well controlled, but the high oil price impacted on both Handigas and company margins. In addition, closure of three refineries in the first quarter of the financial year led to a national liquefied petroleum gas shortage, which impacted negatively on the business. Revenue for the group rose to R1.87 billion (R4.07 billion) with operating profit dropping to R378.4 million (R605.5 million). Profit to ordinary shareholders decreased to R288.5 million (R1.26 billion). The group reported headline earnings of 93.7cps (94.7cps).



Dividend

Afrox declared a dividend of 48.0cps (40.0cps), an increase of 20% on the comparable period last year. The dividend is covered 1.95 times by earnings.



Prospects

Afrox's strategy is to sustain core business while using strong infrastructure, and product and service offerings to expand into new markets, and new geographies. The group's capital expenditure programme will help deliver this strategy and ensure that the group is positioned to further improve earnings growth.
18 Apr 2006 16:54:14
(Official Notice)
Afrox's interim results for the six months ended 31 March 2006 are expected to be released on 26 April 2006. Basic earnings per share are expected to be in the region of between 257c and 274c lower than those reported for the previous corresponding period. The reason for the decline in basic earnings per share is that the exceptional surplus in the previous corresponding period will not be repeated. The headline earnings per share will not be impacted by the exceptional surplus.
08 Mar 2006 16:26:01
(Official Notice)
On 6 March 2006 BOC and Linde announced that they had reached agreement on the terms of a recommended cash offer by Linde for the entire issued and to be issued share capital of BOC. It is intended that the offer will be implemented by way of a court approved scheme of arrangement under which BOC shareholders will receive GBP1600p in cash for each BOC share held by them. The directors of BOC, who have been so advised by BOC's financial advisers, JP Morgan Cazenove Limited and Merrill Lynch International, have indicated that they consider the terms of the offer to be fair and reasonable.
28 Feb 2006 16:58:26
(Official Notice)
At the annual general meeting held today, all the ordinary resolutions were passed by the requisite majority votes. The special resolution granting a general mandate to the directors to conduct share buy-backs at the appropriate time and within prescribed limits was similarly adopted, and is in the process of being submitted to the Registrar of Companies for registration.
28 Feb 2006 16:23:54
(Official Notice)
Rick Cottrell and Conrad Strauss have retired from the board of the company as independent non-executive directors with effect from 28 February 2006.
24 Jan 2006 17:19:59
(Official Notice)
The BOC Group (BOC) has noted the recent movement in its share price and confirmed that it received an unsolicited, preliminary proposal from Linde AG. The proposal was subject to a number of pre-conditions including financing, anti-trust approvals and due diligence. The BOC board has met together with its advisors and unanimously rejected the proposal because of its pre-conditions and its failure to value fully the growth prospects of BOC.
13 Dec 2005 11:28:36
(Media Comment)
Business Day's 13 December 2005 edition, noted that Afrox is to embark on a R300 million expansion by approving six new projects.
01 Dec 2005 11:37:40
(Official Notice)
The annual general meeting of shareholders will be held at the registered office, Afrox House, 23 Webber Street, Selby, Johannesburg, South Africa on Tuesday, 28 February 2006 at 09:00.
01 Dec 2005 11:33:42
(Official Notice)
The board of directors of the company has appointed the following independent non-executive directors to the board with effect from 1 December 2005:

*Mr David Lawrence

*Mr Sipho Pityana

*Mr Khotso Mokhele
03 Nov 2005 16:13:06
(C)
14 Oct 2005 12:38:00
(Official Notice)
Afrox's final results for the year ended 30 September 2005 are expected to be released on 3 November 2005. the group advises shareholders that basic earnings per share are expected to be 226c higher than those reported for the previous corresponding period. The major reason for the growth in basic earnings per share is due to the exceptional surplus that was realised from the disposal of the healthcare investment. The headline earnings per share will not be impacted by the exceptional surplus from the disposal. Shareholders are advised that the forecast financial information contained in this trading update has neither been reviewed nor reported on by the company's external auditors.

30 Sep 2005 14:24:36
(Official Notice)
Alan Ferguson has been appointed as a non-executive Director to the Afrox board of directors with effect from 3 October 2005.
20 Sep 2005 11:35:57
(Media Comment)
Afrox has commissioned a new gas-mixing and filling system at its Germiston plant costing the group R3.3 million. According to Business Day the facility is capable of producing 750 cylinders of gas mixtures a month and enable the company to prepare a large range of mixtures. The company also pointed out that the plant had a gas-detection system that would detect any leaks of toxic and flammable gas.

15 Sep 2005 15:22:39
(Media Comment)
Business Report, on 15 September 2005, noted that a recent trend to substitute electricity for more cost efficient gas power was one of the major contributing factors that fuelled Afrox`s growth. This, together with the tendency of restaurants and fast food outlets to move away from single-destination shops to multi-destination centres, enabled Afrox to acquire 12 new bulk liquefied petroleum gas supply contracts worth several million rands.

11 Aug 2005 10:35:16
(Media Comment)
A year after being awarded a contract by Sasol to provide welding consumables and accessories, Business Report stated that the contract would add R5m to Afrox`s revenue.
22 Jun 2005 13:08:30
(Media Comment)
Afrox has secured a contract to export gas equipment. Ros Beart, spokesperson for Afrox, told Business Day that the contract with BOC is estimated to be worth between R15m and R20m.
21 Jun 2005 15:00:21
(Official Notice)
Further to the announcement published on SENS on Monday, 6 June 2005 Afrox shareholders are advised that the scheme of arrangement in terms of s311 of the Companies Act, 1973 (Act 61 of 1973), as amended, proposed by Afrox African Investments (Pty) Ltd, a wholly-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 such registration has been completed, all conditions precedent of the scheme will have been met and the scheme will become unconditional.



Salient Dates

*Last day to trade to participate in the scheme Friday, 24 June

*First day to trade in Afrox shares ex-entitlement to the scheme consideration under Afrox`s new ISIN number ZAE000067120 on Monday, 27 June

*Record date on which shareholders must be 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 Friday, 1 July

*Operative date of the scheme Monday, 4 July
21 Jun 2005 11:45:03
(Media Comment)
Afrox`s share price fell 18% on 20 June 2005 reacting to the group`s payment of its 415c special dividend on the sale of Afrox Healthcare.
06 Jun 2005 15:03:50
(Official Notice)
At the scheme meeting of Afrox, the scheme of arrangement in terms of the Companies Act, proposed by Afrox African Investments (Pty) Ltd (`Subco`), a wholly-owned subsidiary of Afrox, between Afrox and its shareholders has been agreed to by shareholders representing 99.84% of the total number of votes exercisable by shareholders present and voting in person or by proxy at the scheme meeting held on Monday, 6 June 2005.



At the general meeting of Afrox shareholders held on Monday, 6 June, the requisite majorities of Afrox shareholders approved:

*the special resolution required to amend the company`s articles of association to authorise the company to approve the acquisition of shares issued by it

*the special resolution required to approve the company`s acquisition of shares issued by it upon the terms and subject to the conditions of the scheme

*the special resolution required to approve the acquisition by Subco of shares in the company upon the terms and subject to the conditions of the scheme

*the ordinary resolution required to authorise any director or the secretary of the company to give effect to the above special resolutions.



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