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COMAIR LIMITED - Withdrawal of Cautionary Announcement

Release Date: 11/06/2020 17:06
Code(s): COM     PDF:  
 
Wrap Text
Withdrawal of Cautionary Announcement

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

WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the Company’s cautionary announcement released on SENS on
Thursday, 30 April 2020 and the further announcement, regarding the notice of business
rescue plan as contemplated in Chapter 6 of the Companies Act 71 of 2008 as amended and
the suspension of the listing of Comair shares, released on SENS on Tuesday, 5 May 2020.

In this respect, shareholders are no longer required to exercise caution but should continue to
assess the periodic SENS announcements provided by the Company as it navigates the
business rescue process.

Bonaero Park
11 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: 11-06-2020 05:06:00
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