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COMAIR LIMITED - Update regarding Safair Operations (Pty) Ltd complaint against Comair in respect of its foreign shareholding

Release Date: 16/05/2016 09:08
Code(s): COM     PDF:  
Wrap Text
Update regarding Safair Operations (Pty) Ltd complaint against Comair in respect of its foreign shareholding

Comair Limited 
(Incorporated in the Republic of South Africa) 
(Registration Number: 1967/006783/06) 
ISIN : ZAE 000029823 
Share Code:  COM 
(“Comair” or “the Company”) 
 
         Update regarding Safair Operations (Pty) Ltd complaint against Comair in respect of its foreign 
         shareholding 
   
  Shareholders are referred to the announcements released on the Stock Exchange News Service on 
  Tuesday, 10 May 2016 and on Thursday, 12 May 2016 (“initial announcements”) and are advised that 
  the Air Services Licensing Council will not be opposing Comair’s application for the interdict set down 
  for hearing on Tuesday, 17  of May 2016. 
   
  As disclosed in the initial announcements, Comair will take its dispute with the ASLC regarding the 
  Company’s alleged non-compliance with foreign shareholding requirements of the Air Services 
  Licensing Act on review, as Comair remains confident that it is compliant with the Act. 
   
  Shareholders will be kept advised of any further developments. 
   
  Bonaero Park 
  16 May 2016 
   
  Sponsor: 
  RAND MERCHANT BANK (A division of First Rand Bank Limited) 
   

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