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AFROX - RESULTS OF CAPITALISATION SHARE AWARD

Release Date: 20/07/1999 17:38
Code(s): AFX
Wrap Text
AFRICAN OXYGEN LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 05/00089/06)
("AFROX")

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

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