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COMAIR LIMITED - Resignation from the Board of Directors

Release Date: 09/01/2020 14:43
Code(s): COM     PDF:  
 
Wrap Text
Resignation from the Board of Directors

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


RESIGNATION FROM THE BOARD OF DIRECTORS


In accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements, the board of
directors of the Company (“the Board) wishes to advise that:

Mr Pieter Van Hoven has resigned as an Independent Non-Executive Director and lead
independent director of the Company with immediate effect.

Mr Derek Borer will be resigning as Company Secretary of the Company with effect from 15
February 2020

The Board would like to thank Mr Van Hoven for the outstanding service he has provided to
the Company during his tenure as an Independent Non-Executive Director of the Board. The
Board would further like to thank Mr Borer for the outstanding service he has provided to the
Board during his tenure as Company Secretary.


Bonaero Park
9 January 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: 09-01-2020 02:43:00
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