1TIME HOLDINGS LIMITED - Renewal of Cautionary Announcement

Release Date: 06/12/2016 09:00
Code(s): 1TM
 
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 25 October 2016, shareholders are
advised that the following items are still being concluded, which may have a material effect on the
price of 1time’s securities:

-   Jetworx Aircraft Services Proprietary Limited (“Jetworx”) has been placed under final winding-
    up;
-   1time airline Proprietary Limited (“Airlines”) has been placed under final winding-up;
-   The first meeting of creditors of Jetworx is still to be convened by the Master of the High
    Court; and
-   The first meeting of creditors of Airlines has taken place and the liquidators are currently
    awaiting a certificate of appointment in order to convene the second meeting.

Additionally, further to the ‘Update to the Acquisition of Global Airways Limited’ announcement
dated 23 October 2014, shareholders are advised to continue exercising caution when dealing in
the Company’s securities, until a further announcement is made.


Johannesburg
6 December 2016

Sponsor
Merchantec Capital

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