COMAIR LIMITED - The First Meetings of Creditors and Employee Representatives in respect of the Business Rescue Proceedings of Comair

The First Meetings of Creditors and Employee Representatives in respect of the Business Rescue Proceedings of Comair

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


THE FIRST MEETINGS OF CREDITORS AND EMPLOYEE REPRESENTATIVES IN
RESPECT OF THE BUSINESS RESCUE PROCEEDINGS OF COMAIR (IN BUSINESS RESCUE)


1  Shareholders are referred to the announcement issued on SENS on 15 May 2020
   wherein they were advised that notice had been given to all creditors and employee
   representatives for the first meeting of creditors and the first meeting of employee
   representatives, in respect of the business rescue proceedings of the Company (“the
   Meetings”).


2  Shareholders are advised that the presentations provided at today’s Meetings, are
   made      available   on    the   Comair    website,   Business   Rescue     section:
   https://www.comair.co.za/business-rescue/statutory-notices


Per: Shaun Collyer and Richard Ferguson (Comair Limited's joint Business Rescue
Practitioners)


Bonaero Park
19 May 2020

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.

Date: 19-05-2020 05:00:00
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