JSE LIMITED - Censure imposed by the JSE on both 1time Holdings Limited and Mr B. Komani in his capacity as a director

Censure imposed by the JSE on both 1time Holdings Limited and Mr B. Komani in his capacity as a director

GEN – 1time Holdings Limited – Censure imposed by the JSE on both 1time
Holdings Limited and Mr B. Komani in his capacity as a director

     The JSE Limited (“JSE”) wishes to advise the following concerning certain
     findings by the JSE in respect of 1time Holdings Limited (“1time”) and Mr
     B. Komani:

              1. The JSE has found 1time to be in breach of the General
                 Principles (iii) and (v) and paragraph 3.4(a) of the JSE Listings
                 Requirements (“LR”).
              2. The JSE has also found Mr B. Komani in his capacity as director
                 of 1time to be in breach of the General Principles (iii) and (v) of
                 the LR.
              3. In both instances 1time and Mr B. Komani allowed materially
                 price sensitive information to be provided to certain media
                 houses prior to the release of the SENS announcement on 2
                 November 2012 regarding 1time’s main trading company and
                 subsidiary, 1time Airline (Proprietary) Limited’s application for
                 liquidation.
              4. The JSE has decided to impose this public censure on the
                 parties in relation to the above mentioned breaches of the LR.”



28 May 2013

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