Extension of the Publication Date of the Business Rescue Plan
(Incorporated in the Republic of South Africa)
(Registration Number: 1967/006783/06)
Share Code: COM
(“Comair” or “the Company”)
EXTENSION OF THE PUBLICATION DATE OF THE BUSINESS RESCUE PLAN OF COMAIR
1. In terms of section 150(5) of the Companies Act 71 of 2008, the business rescue
plan of Comair 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
2. In this regard, the requisite majority of creditors have supported an extension of the
date for the publication of the plan to 28 August 2020.
3. 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.
29 July 2020
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: 29-07-2020 04:33:00
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