![]() ![]() The share consolidation has no impact on the respective voting rights and privileges of the company’s Class A Shares and Class B Shares. Does this change the voting rights of my shareholdings? As a result, the total value of their investment will not change, other than as a result of any fractional shares resulting from the consolidation that will be paid out in cash to the shareholder. After the Share Consolidation, shareholders will own fewer shares but the price per share will be proportionately higher. Will the share consolidation impact the value of my investment in Bombardier shares?Ī share consolidation has no impact on a company’s value and corresponding worth of shareholder holdings. Any fractional shares will be aggregated and sold on the market, with the proceeds therefrom, net of brokerage commissions and expenses, being proportionately distributed to registered holders in lieu of the fractional shares. ![]() Any fractions of shares will be rounded down to the next lowest whole number. No fractional shares will be issued as a result of the share consolidation. How are fractional shares treated in the share consolidation? Bombardier has announced that the share consolidation will be carried out on June 13, 2022. The same consolidation ratio will be applied to each of the Class A Shares and the Class B Shares. The share consolidation will be carried out at a ratio of twenty-five-for-one (25:1). What is the share consolidation ratio and when will it be effective? It also marks another step in Bombardier’s journey to be a more focused, simpler, stronger business jet company. The purpose of the share consolidation is to adjust the number of our outstanding common shares to levels that are better aligned with companies of Bombardier’s size and scope. As a result, despite having a significant market capitalization, Bombardier has a much higher share count than other industrial companies with business and operations of a similar size. However, our share count has not yet been adjusted to the new reality. We built a company that is exclusively focused on business aviation. Why did Bombardier opt for a share consolidation? This means that at a ratio of 25-for-1, every 25 Class A Shares and every 25 Class B Shares will be automatically combined into 1 new Class A Share and into 1 new Class B Share, as applicable, and the share price will proportionally increase. The new shares consequently have a higher price, but there are fewer of them. A share consolidation (also known as a reverse stock split) exchanges a fixed number of existing shares for a smaller number of new shares. ![]()
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