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1TIME HOLDINGS LIMITED - Renewal of cautionary announcement

Release Date: 05/02/2013 17:00
Code(s): 1TM     PDF:  
Wrap Text
Renewal of cautionary announcement

1time holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1999/017536/06)
JSE code: 1TM ISIN: ZAE000102026
(“1time” or “the Company”)


RENEWAL OF CAUTIONARY ANNOUNCEMENT



Further to the cautionary announcement dated 30 March 2012, and the subsequent renewal of
cautionary announcements, the last of which was dated 20 December 2012, shareholders are advised
that the Business Rescue Plan (the “plan”) for Jetworx Aircraft Service Proprietary Limited (“Jetworx”)
was voted in favour of by creditors, at a creditors meeting. According to the approved plan, the American
Industrial Acquisition Corporation will purchase the business from 1time holdings for R1 and pay the
creditors as per the plan, which will result in creditors of Jetworx receiving 20 cents in the Rand.

The 1time airline Proprietary Limited provisional liquidation is still being determined, which may have a
material effect on the price of 1time’s securities.

Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s
securities, until a further announcement is made.


Johannesburg
5 February 2013

Sponsor
Merchantec Capital

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