Service contracts

There are no director service contracts with the Company that have a notice period exceeding one month or that provide for compensation and benefits (excluding share-linked benefits vesting in terms of the applicable rules of the scheme) in excess of one month’s salary. An exception may occur under mutual separation arrangements.

An employment contract with a notice period of one month is in place to retain the services of our Managing Director. The Financial Director’s services are secured through an employment contract with BOC Holdings PLC (a member of The Linde Group). The Company recovers a portion of his remuneration from Afrox in lieu of management services that he renders.

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