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Cargojet Announces Shares Will Trade on the Toronto Stock Exchange Under a Single Ticker and Exemptive Relief to Facilitate Trading by Non-Canadians
Cargojet Announces Shares Will Trade on the Toronto Stock Exchange Under a Single Ticker a...
About this update from Cargojet Inc.
[{"type":"text","content":"\n\n\n\nCargojet Announces Shares Will Trade on the Toronto Stock Exchange Under a Single Ticker and Exemptive Relief to Facilitate Trading by Non-Canadians\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\nCanada NewsWire\nMISSISSAUGA, ON, May 6, 2019\n\n\n\nMISSISSAUGA, ON, May 6, 2019 /CNW/ - Cargojet Inc. (\"Cargojet\" or the \"Corporation\") (TSX: CJT, CJT.A) is pleased to announce that on or about May 8, 2019, each of its common and variable voting shares will trade on the TSX under a single ticker designated \"CJT\", will bear CUSIP / ISIN numbers 14179V503 / CA14179V5036 and will be designated for purposes of trading on the TSX and reporting in brokerage accounts under the single designation of \"Common and Variable Voting Shares\" of Cargojet. \nIn conjunction with this change, Cargojet applied and received exemptive relief (the \"Decision\") from the Canadian securities administrators (the \"CSA\") to allow Cargojet's common shares and variable voting shares to be treated as a single class for the purposes of applicable take-over bid requirements and early warning reporting requirements under Canadian securities laws. The two classes of shares have identical terms except for the foreign ownership voting limitations under the Canada Transportation Act (the \"CTA\") applicable in the case of the variable voting shares. \nTogether, these changes are intended to facilitate investment by non-Canadians and improve the liquidity for the variable voting shares. These changes do not involve any amendment to Cargojet's articles, by-laws or share capital structure, nor the terms and conditions or the voting and ownership restrictions applicable to the common and variable voting shares. As previously disclosed, Cargojet intends to amend its articles to increase the foreign ownership limits on its variable voting shares, as permitted by recent amendments to the CTA, at the 2020 annual meeting of its shareholders. Voting procedures currently adopted by Cargojet for purposes of shareholder meetings will remain the same until such time. \nA copy of the Deci...