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AFRICAN OXYGEN LIMITED - No change statement, notice of annual general meeting and changes to the board and board committees

Release Date: 18/04/2019 15:04
Code(s): AFX     PDF:  
 
Wrap Text
No change statement, notice of annual 
general meeting and changes to the board and board committees

AFRICAN OXYGEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
JSE code: AFX
NSX code: AOX
ISIN: ZAE000067120
(“Afrox” or the “Company”)

NO CHANGE STATEMENT, NOTICE OF ANNUAL GENERAL MEETING AND CHANGES TO THE
BOARD AND BOARD COMMITTEES

NO CHANGE STATEMENT

Shareholders of Afrox (“Shareholders”) are advised that the Company’s 2018 integrated report
(“Integrated      Report”)      has     been      published on     the    Company’s    website
(http://www.afrox.co.za/en/images/2018%20_Integrated%20Rreport__tcm266-536865.pdf) and will be
distributed to Shareholders today, 18 April 2019.

The summarised audited consolidated financial statements for the year ended 31 December 2018, and the
unmodified auditor’s report thereon, as set out in the Integrated Report, contain no modifications to the
summarised consolidated financial results for the year ended 31 December 2018, which were published on
the Stock Exchange News Service on Wednesday, 6 March 2019, or the auditor’s report thereon.

The Company’s detailed audited consolidated annual financial statements are available on the Company’s
website:
(http://www.afrox.co.za/en/images/2018%20Annual%20Financial%20Statements_tcm266-536952.pdf).

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the 90th 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, 30 May 2019 at 10:00 to transact the business as stated in the notice of the AGM, forming part
of the Integrated Report. The record date on which shareholders of the Company must be registered as
such in the Company’s securities register to participate in and vote at the AGM is Friday, 24 May 2019 and
the last day to trade in the ordinary shares in order to be entitled to participate in and vote at the AGM will
therefore be Tuesday, 21 May 2019.

CHANGES TO THE BOARD AND BOARD COMMITTEES

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, Shareholders are advised
that Mr K.D.K. Mokhele, the lead independent director of the Company, will retire from the Afrox board of
directors (“Board”) at the AGM and will not offer himself for re-election. The Board would like to express its
gratitude to Mr Mokhele for his valuable contribution to Afrox.

Shareholders are further advised that, following Mr Mokhele’s retirement, Mr G.J. Strauss, an independent
non-executive director of the Company, will be appointed as the lead independent director of the Company
and Chairperson of the Safety, Health, Environment and Quality (SHEQ) Committee, following the
conclusion of the AGM. Mr Strauss will remain a member of the Audit Committee and member of the
Nominations, Governance and Management of Resources (NGMR) Committee. Mr J. Panikar, a non-
executive director and Chairperson of the Board, was appointed as a member of the SHEQ and NGMR
Committees, with effect from 1 April 2019. Furthermore, with effect from the conclusion of the AGM:
- Ms N. Qangule, an independent non-executive director of the Board, will be appointed Chairperson of
  the Social, Ethics and Transformation (SET) Committee; and
- Ms N. Fakude, an independent non-executive director of the Board, will be appointed Chairperson of
  the NGMR Committee, thereby replacing Mr Strauss, and member of the SET Committee.


Johannesburg
18 April 2019

Sponsor
One Capital

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