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COMAIR LIMITED - Extension of the Publication Date of the Business Rescue Plan

Release Date: 09/06/2020 16:25
Code(s): COM     PDF:  
 
Wrap Text
Extension of the Publication Date of the Business Rescue Plan

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

EXTENSION OF THE PUBLICATION DATE OF THE BUSINESS RESCUE PLAN

In terms of section 150(5) of the Companies Act 71 of 2008, the business rescue plan of
Comair Limited should have been published within 25 business days after the appointment
of the business rescue practitioners, unless extended by such longer period as may be
allowed by the holders of a majority of the creditors voting interests.

In this regard, the requisite majority of creditors have supported an extension of the date for
the publication of the plan from 9 June 2020 to 23 June 2020.

Affected persons are also encouraged to keep abreast of the notices and other documents
that are continuously published on the business rescue section on Comair Limited’s website
at: https://www.comair.co.za/business-rescue

Bonaero Park
9 June 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: 09-06-2020 04:25:00
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