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COMAIR LIMITED - Business Rescue Plan and Meetings Notice

Release Date: 03/09/2020 12:02
Code(s): COM     PDF:  
Wrap Text
Business Rescue Plan and Meetings Notice

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

BUSINESS RESCUE PLAN AND MEETINGS NOTICE ITO SECTIONS 143 (2) AND 151
(2) OF THE COMPANIES ACT

Shareholders of the Company (“Shareholders”) are hereby advised that the Company’s
Business Rescue Plan (“Plan”), together with the annexures thereto, can be accessed, viewed
and printed by following this link: http://www.comair.co.za/business-rescue/business-rescue-
plan-and-meetings.

The Business Rescue Practitioners’ (BRPs) proposed Remuneration Agreement is annexure
J to the Plan.

In addition, annexures M to P of the Plan, will be dispatched to all shareholders, as these
annexures set out how you may participate at the meetings to be held in terms of section
143(3) of the Companies Act 71 of 2008 ("Companies Act") to approve the proposed
Remuneration Agreement of the BRPs, and in terms of sections 151 and 152 of the
Companies Act to approve the Plan, to be held electronically at 13h30 and 14h00 on 18
September 2020 respectively, the details of which are set out in Annexure N to the Plan.

The notice of the respective meetings to be held in terms of sections 143(3), 151 and 152 of
the Companies Act can also be accessed, viewed and printed by following this link:
http://www.comair.co.za/business-rescue/business-rescue-plan-and-meetings

03 September 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: 03-09-2020 12:02:00
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