Changes to the Board
(Incorporated in the Republic of South Africa)
(Registration Number: 1967/006783/06)
Share Code: COM
(“Comair” or “the Company”)
CHANGES TO THE BOARD
In compliance paragraph 3.59(a) and 3.59(c) of the JSE Limited Listings Requirements, the
board of directors of the Company (“the Board”) wishes to advise that:
- Mr Lindsay Ralphs, the current CEO of the Bidvest Group has been appointed as a non-
executive director of the Company on 1 July 2019 with immediate effect.
- Dr Peter Welgemoed, an existing independent non-executive director, has been appointed
as a member of the Company’s Audit Committee effective 1 July 2019.
The Board congratulates and welcomes Mr Lindsay Ralphs on his appointment and looks
forward to his contribution to the Company and congratulates Dr Peter Welgemoed on his
appointment to the Audit Committee.
2 July 2019
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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