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Trading Statement
Comair Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1967/006783/06)
ISIN: ZAE00002983
Share Code: COM
(“Comair” or “the Company” or “the Group”)
TRADING STATEMENT
In terms of the JSE Limited Listings Requirements, companies are required to provide guidance to
the market when they are satisfied that a reasonable degree of certainty exists that the financial
results for the current reporting period will differ by at least 20% from the results of the previous
corresponding reporting period.
Comair is currently finalising its results for the six months ended 31 December 2018. In this
regard, shareholders are advised that for the six months ended 31 December 2018, both earnings
per share (“EPS”) and headline earnings per share (“HEPS”) are expected to be between 35%
and 45% lower than that of the six months ended 31 December 2017 (“comparative period”) at
between 24 cents and 29 cents per share (comparative period EPS and HEPS of 43.6 cents per
share).
The decrease in earnings can largely be attributed to a 35% increase in the price of jet fuel for the
period.
The financial information on which this trading statement is based has not been reviewed or
reported on by the Company’s auditors.
The results for the six months ended 31 December 2018 are expected to be released on SENS
on or about 19 February 2019.
Bonaero Park
30 January 2019
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 OWNERNSHIP RESTRICTION CONTAINED IN SECTIONS 16 (4) ( c )
AND 19(a) OF THE AIR SERVICES LICENSING ACT, NO. 115 OF 1990, THE VOTING RIGHTS OF 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 COMAIR’S MEMORANDUM OF INCORPORATION AND WEBSITE (www.comair.co.za) FOR
FURTHER DETAIL. IF FOREIGN SHAREHOLDERS OR PROSPECTIVE INVESTORS ARE IN ANY DOUBT AS TO
WHAT ACTION TO TAKE THEY SHOULD SEE ADVICE FROM THEIR BROKER, ATTORNEY OR OTHER
PROFESSIONAL ADVISER.
Date: 30/01/2019 04:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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