1TM
1TM
1TM - 1time holdings Limited - Termination of Excalibur Aerospace agreement
1time holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1999/017536/06)
JSE code: 1TM ISIN: ZAE000102026
("1time" or "the Company")
TERMINATION OF EXCALIBUR AEROSPACE AGREEMENT
Shareholders are referred to the announcement dated 19 September 2011 which
advised that certain 1time shareholders, being the five original founding
members of 1time Airline Proprietary Limited ("the founding shareholders"), had
entered into an agreement with Excalibur Aerospace Proprietary Limited
("Excalibur Aerospace") whereby Excalibur Aerospace would acquire a stake in
1time through the purchase of shares from the founding shareholders.
Shareholders are further advised that this sale of shares agreement has lapsed
due to the failure to fulfil certain suspensive conditions timeously.
Johannesburg
20 January 2012
Sponsor
Merchantec Capital
Date: 20/01/2012 17:30:01 Produced by the JSE SENS Department.
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