Air Canada reminds shareholders of upcoming expiry of substantial issuer bid

About this update from Air Canada

[{"type":"text","content":"\n\n\n\n Air Canada reminds shareholders of upcoming expiry of substantial issuer bid\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n MONTRÉAL\n \n ,\n \n\n June 6, 2025\n \n\n /CNW/ - Air Canada (TSX: AC) reminds shareholders that its previously announced substantial issuer bid (the \"\n \n Offer\n \n \") to purchase up to\n \n $500,000,000\n \n of its Class A Variable Voting Shares and Class B Voting Shares (collectively, the \"\n \n Shares\n \n \") is expiring at\n \n 11:59 pm (Eastern time)\n \n on June 20, 2025, unless extended, varied or withdrawn.\n \n\n\n\n\n\n\n\n\n\n Offer terms and conditions\n \n\n\n The formal offer to purchase, accompanying issuer bid circular and related documents (the \"\n \n Offer Documents\n \n \") mailed to shareholders in\n \n May 2025\n \n contain the terms and conditions of the Offer and other information.\n \n\n The Offer is made by way of a modified \"Dutch auction\" under which shareholders may tender a specified number of their Shares through (i) an auction tender at a price not less than\n \n $18.50\n \n per Share and not more than\n \n $21.00\n \n per Share or (ii) a purchase price tender at the purchase price to be determined by the auction tenders. Air\n \n Canada\n \n will, subject to the terms and conditions of the Offer, buy Shares at the lowest price that will allow it to purchase up to\n \n $500,000,000\n \n in total value thereof through valid auction and purchase price tenders.\n \n\n\n Where to find information\n \n\n\n Shareholders should carefully read the Offer Documents, which are available on SEDAR+ at\n \n www.sedarplus.ca\n \n . and at\n \n aircanada.com/investors\n \n , and consult their financial, investment, tax, legal and other advisors prior to making a decision with respect to the Offer.\n \n\n Shareholders who have questions with respect to the Offer, or require any assistance with respect to the Offer, including how to tender or deposit Shares pursuant to the Offer, may contact:\n \n\n\n the depositary for the Offer, TSX Trust Company, by telephone at +...

More updates from Air Canada