COMAIR LIMITED - Broad-Based Black Economic Empowerment Act (The Act): Annual Compliance Report

Release Date: 15/08/2018 16:35
Code(s): COM
 
Wrap Text
Broad-Based Black Economic Empowerment Act (“The Act”): Annual Compliance Report

COMAIR LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1967/006783/06)
ISIN: ZAE00002983
Share Code: COM
(“Comair” or “the Company”)


BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT (“THE ACT”): ANNUAL
COMPLIANCE REPORT

In accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of the JSE Limited
Listings Requirements, notice is hereby given that the Company’s annual B-BBEE compliance
report in terms of section 13G(2) of the Act has been published and is available on the
Company’s website at http://www.comair.co.za/corporate-responsibility/transformation.

Bonaero Park
15 August 2018

Sponsor
PSG Capital

IMPORTANT NOTICE TO FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS
FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS IN COMAIR LIMITED
(“COMAIR”) SHOULD NOTE THAT, IN ORDER TO ENABLE COMAIR (AS A LICENSED AIR
SERVICES OPERATOR IN SOUTH AFRICA) TO REMAIN COMPLIANT WITH THE
FOREIGN OWNERSHIP RESTRICTION CONTAINED SECTIONS 16(4)(c) AND 19(a) OF
THE AIR SERVICES LICENSING ACT, NO. 115 OF 1990, THE VOTING RIGHTS OF
FOREIGN SHAREHOLDERS MAY BE DECREASED PROPORTIONATELY SUCH THAT
THE VOTING RIGHTS OF FOREIGN SHAREHOLDERS DO NOT, IN AGGREGATE,
EXCEED 24.99%. FOREIGN SHAREHOLDERS AND PROSPECTIVE INVESTORS ARE
REFERRED TO THE COMAIR’S MEMORANDUM OF INCORPORATION AND WEBSITE
(www.comair.co.za) FOR FURTHER DETAILS. IF FOREIGN SHAREHOLDERS OR
PROSPECTIVE INVESTORS ARE IN ANY DOUBT AS TO WHAT ACTION TO TAKE THEY
SHOULD SEEK ADVICE FROM THEIR BROKER, ATTORNEY OR OTHER
PROFESSIONAL ADVISER.

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