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COMAIR LIMITED - Notice of Meeting to Discuss Remuneration Policy

Release Date: 14/11/2019 14:56
Code(s): COM     PDF:  
Wrap Text
Notice of Meeting to Discuss Remuneration Policy

COMAIR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1967/006783/06)
(Share code: COM)
(ISIN: ZAE000029823)
(“Comair” or “the Company”)

NOTICE OF MEETING TO DISCUSS REMUNERATION POLICY

Shareholders are referred to the announcement released by the Company on SENS on 29
October 2019 wherein shareholders were advised that ordinary resolution number 5, relating
to the non-binding advisory vote on the remuneration policy of the Company and ordinary
resolution number 6 relating to the non-binding advisory vote on the implementation of the
remuneration policy, were voted against by 25% or more of the votes exercised by the
Company’s shareholders present in person or represented by proxy at the Company’s annual
general meeting.

Shareholders who voted against the abovementioned resolutions are hereby invited to engage
with the Company at 10H00 on Wednesday, 27 November 2019 at Comair’s Operations
Building, Corner Whirlwind and Fortress Roads, Rhodesfield, 1619.

Bonaero Park
14 November 2019

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: 14/11/2019 02:56:00
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