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

Release Date: 30/06/2020 14:33
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 OF COMAIR LIMITED

Shareholders are referred to the announcement released on SENS this morning wherein they
were advised that the Comair Business Rescue Practitioners were seeking the consent of a
majority of the creditors to extend the publication date of the business rescue plan in terms of
section 150(5)(b) of the Companies Act to 28 July 2020.

Shareholders are now advised that in this regard, the requisite majority of creditors have
supported an extension of the date for the publication of the plan to 28 July 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
30 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: 30-06-2020 02:33:00
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