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COMAIR LIMITED - Meeting of Shareholders to Consult on Key Elements of the Comair Business Rescue Plan

Release Date: 15/06/2020 14:55
Code(s): COM     PDF:  
 
Wrap Text
Meeting of Shareholders to Consult on Key Elements of the Comair 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”)

MEETING OF SHAREHOLDERS TO CONSULT ON KEY ELEMENTS OF THE COMAIR BUSINESS RESCUE PLAN

Shareholders are referred to the announcement released on SENS on 02 June 2020 wherein
they were advised of the envisaged key elements of the Comair Business Rescue Plan, and
in respect of which they were invited to submit constructive queries, comments and
suggestions by email on or before 9 June 2020.

Shareholders are now advised that a consultation meeting will be held by electronic
participation at 13:00 on Thursday, 18 June 2020 during which the Business Rescue
Practitioners will present the envisaged key elements of the Comair Business Rescue Plan to
shareholders, and respond to the queries, comments and suggestions received.

Shareholders wishing to participate in this electronic consultation meeting should contact the
company secretary, Mr. Kim Gorringe, by email at kim.gorringe@comair.co.za by no later than
Wednesday 12:00 to acquire the details for participating at this meeting. The company
secretary is obliged to validate such requests and confirm the identity of the shareholder and
thereafter, if validated, provide further details on using the electronic facility.

Shareholders will be liable for their own network charges and it will not be for the expense of
the JSE or Comair. Comair cannot be held responsible in the case of loss of network
connectivity or network failure due to insufficient airtime/internet connectivity/power outages/
electronic participation channel malfunction which would prevent shareholders from
participating in the electronic consultation meeting.

Bonaero Park
15 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: 15-06-2020 02:55:00
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