Notification of resignation of the designated auditor and modification of ordinary resolution 3 of the notice of AGM 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”) NOTIFICATION OF RESIGNATION OF THE INDIVIDUAL DESIGNATED AUDITOR AND MODIFICATION OF ORDINARY RESOLUTION 3 OF THE NOTICE OF ANNUAL GENERAL MEETING Afrox shareholders (“Shareholders”) are advised that Mr Megan Naidoo, the individual designated auditor representing the Company’s external auditor, PricewaterhouseCoopers Inc. (“PwC”), (“Audit Partner”), has resigned from the employ of PwC with effect from 31 May 2019. In terms of section 44(1)(a) of the Auditing Professions Act, 2005, a replacement Audit Partner is required to be nominated by PwC. Once such nomination is made and tabled by PwC to Afrox, Afrox’s audit committee (“Committee”) will assess such person’s suitability for appointment as the Audit Partner, in accordance with paragraph 3.84(g)(iii) of the JSE Limited Listings Requirements. The process of nomination, assessment and appointment of the replacement Audit Partner is expected to be finalised after the Committee meeting, post the annual general meeting on Thursday, 30 May 2019 (“AGM”). Shareholders will be notified in a SENS announcement, once the appointment of the replacement Audit Partner is finalised. In light of the above, ordinary resolution 3 of the notice of AGM, dated 28 March 2019 (“Notice”), which deals with the appointment of the auditors, requires modification by the removal of the appointment of the Audit Partner from the said resolution. In the circumstances, ordinary resolution 3 of the Notice shall be modified to read as follows: “Resolved that PricewaterhouseCoopers Inc. be appointed as the independent auditors of the Company who will undertake the audit of the Company for the ensuing period, and that the Audit Committee be authorised to determine the terms of engagement and the auditors’ fees and remuneration for the ensuing period.” For the avoidance of doubt, the forms of proxy, in the form attached to the Notice, remains valid. If a Shareholder has already submitted forms of proxy, prior to the publication of this announcement, such forms of proxy will remain valid, unless such Shareholder submits new forms of proxy. Forms of proxy must reach the transfer secretaries (acting on behalf of the Company) by no later than 10:00 on Tuesday, 28 May 2019, provided that the Chairperson of the AGM may, in his discretion, accept forms of proxy so delivered after 10:00 on Tuesday, 28 May 2019, up until the time of commencement of the AGM, or handed to him immediately prior to the time of commencement of the AGM (being 10:00 on Thursday, 30 May 2019). Johannesburg 24 May 2019 Sponsor One Capital Date: 24/05/2019 04:39:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
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