Air Canada makes a large public buyout offer of $ 500 million in accordance with its commitment to distribute its long -term capital in a balanced English way

MONTRÉAL. In addition, June 25, 2025 / CNW/ – Air Canada (TSX: AC) has taken delivery of 26,595,744 of its category A variable voting rights of 26,595,744 actions with category B voting rights (collectively, the ” actions ”) And paid them at the price of $ 18.80 the share due to its public offer of significant redemption of $ 500 million (the“ offer ») In order. For example, to buy actions for cancellation purposes.

&#13. For example,

Thanks to the realization of its offer. air canada makes large public Air Canada has taken one more step towards achieving its objective aimed at reducing the number of shares after dilution to bring it to less than 300 million by 2028, creating value for shareholders while investing in growth by means of a balanced long -term capital distribution strategy.

The shares bought as part of the offer, which represent approximately 8.24 % of the total number of shares, were acquired at the price of approximately $ 500 million. After making the offer, around 296.1 million shares should remain issued and in circulation.

Other information about the offer

In total, around 26.8 million shares were validly filed in response to the offer. without their deposit being revoked, through auction at an equal price or less than $ 18.80 or deposits at buyout. As the offer was overwritten, around 99.14 % of the actions filed successfully were bought by Air Canada. except the “irregular air canada makes large public lots” to which proportional reduction did not apply.

Payment and regulations bought will be made no later than June 27, 2025, in accordance with the applicable offer and legislation. Uncorred actions, in particular due to proportional reduction or auction at prices over $ 18.80, will be given to shareholders as soon as possible.

Air Canada believes that the capital paid by action for the application of the Law of income tax (Canada) (the ” LIR ) Is about $ 10.59. The shareholders who have sold Air Canada shares under the terms of the offer will thus be deemed to. have received a dividend equal to $ 8.21 per share. that is to say the excess of buying price on capital paid for the application of Canadian federal income tax. The deemed dividend has been paid by Air Canada to Canadian residents is designated as a “determined dividend” for the application air canada makes large public of the LIR. any corresponding provincial and territorial tax legislation. The “amount indicated” for paragraph 191 (4) of the LIR is $ 8.21. Shareholders should consult their own tax advisers with regard to the tax implications of the provision of their actions. under the offer.

The complete details of the offer are in the buyout offer. the information note dated May 16, 2025, as well as in the letter of shipment and the guaranteed delivery notice relating to it. Copies of these documents have been filed and can be consulted on SEDAR+ at www.sedarplus.ca, under the Air Canada profile.

This press release is only disseminated. does not constitute a buy -back offer or solicitation of an Air Canada actions sales offer. All sums of money are expressed in Canadian dollars. the number of shares issued and in circulation is stopped on June 20, 2025.

Warnings concerning prospective statements

This press release contains prospective statements air canada makes large public within the meaning of the applicable securities laws. Prospective statements arise from analyzes. other information based on the forecast of future results and the estimation of amounts that it is currently impossible to determine. They can relate to observations concerning, among other things, forecasts, strategies, expectations, projected operations or future actions. Prospective statements recognize themselves in the use of terms such as “preliminary”. “predict”, “believe”, “power”, “estimate”, “project” and “plan”, in particular employed in the future and the conditional, and other similar terms, as well as the evocation of certain hypotheses. These statements also include statements regarding the terms of the offer. in particular the time of payment and the payment of actions bought under the offer, the number of actions that should be issued and in circulation after the making of the offer and the target of Air Canada for 2028 targeting the number of shares after dilution.

As. by air canada makes large public definition, prospective statements start from hypotheses, including those described herein, they are subject to important risks and uncertainties, which are amplified in the current context. The realization of prospective statements remains subject. in particular, to the possible occurrence of external events or to the uncertainty which characterizes the sector where Air Canada evolves. Real results can therefore differ significantly from the results mentioned by these forward-looking statements due to various factors. among others those which are mentioned below below.

The factors which could ensure that the results differ significantly from those indicated in prospective statements include economic conditions. declarations made or measures taken by governments in terms of taxation (or tax threats) of Canadian export or import prices, the uncertainty relating to it and the related implications on Canadian, North American economies, For travel, the geopolitical context, such as military conflicts in the Middle East and between Russia andUkraineAir Canada’s air canada makes large public capacity to identify or maintain net profitability, the state of the sector and the market and the context influencing demand, competition, Air Canada dependence on technologies, cybersecurity risks, service interruptions, climate change and environmental factors (including meteorological systems and other natural phenomena, and anthropic factors) Air Canada with regard to key suppliers (including government organizations and other stakeholders supporting airport and air exploitation activities), labor relations and related costs, Air Canada capacity to effectively implement timely strategic initiatives and other important initiatives (including its ability to manage operating costs), energy capacity, Its debts and to preserve or increase liquidity, Air Canada’s dependence on regional carriers and others, Air Canada’s capacity to recruit and preserve qualified personnel, epidemics, the evolution of legislation, regulations or legal proceedings, terrorist attacks, armed conflicts, Air Canada capacity to successfully exploit its loyalty program claim, Air Canada’s dependence on Star Alliance partners^MD And joint ventures, Air air canada makes large public Canada’s capacity to preserve and grow its brand, current and possible disputes with third parties, fluctuations in exchange rates, limits imposed under restrictive clauses, insurance issues and the costs associated with it, obligations under retirement plans, as well as the factors which are mentioned in the public information file www.sedarplus.ca. especially in section 18, “risk factors”, the 2024 management report of Air Canada and in section 14, “Risk factors”, the management report of the first quarter of 2025 ofAir Canada.

The prospective statements contained in this press release represent the expectations of Air Canada dated this press release (or on the specified date of their formulation). they can change later. However. Air Canada has neither the intention nor the obligation to update or revise these prospective statements in light of new elements of information or future events or for some other reason, unless it is held by the regulation in air canada makes large public the applicable securities.

About Air Canada

Air Canada is the largest airline in Canadathe country’s national carrier. a co -founder member of the Star Alliance network – the largest global grouping of airlines. Regular air Canada lines connect more than 180 airports in the Canadain the United States and abroad on six continents. Air Canada holds the four -star coast of Skytrax. The Air Canada Airplan program is the main loyalty program of Canada In terms of travel. by offering its members the possibility of accumulating or exchanging points with the largest world network of partner carriers – 45 – and with its retailers, hotel and vehicle rental partners. Through the Air Canada vacation. the company offers more choices than any other Canadian tour operator for hundreds of destinations around the world, with a wide selection of hotels, flights, cruises, excursions and vehicle rentals. Air Canada Cargo. Air Canada air canada makes large public Fret Division, has the car capacity and connectivity to serve hundreds of destinations on six continents using passenger flights and all-cargo flights from Air Canada. Additionally, Air Canada’s climatic ambition includes a long -term aim which aspires to achieving zero greenhouse gas emissions by 2050. To find out more, consult the documentation of the Air Canada GIFCC. Air Canada shares are negotiated on the market on the scholarship Toronto (Tsx) I Canada And on. the OTCQX platform in the United States.

Internet : aircanada.com/medias

Register to receive Air Canada news: aircanada.com

For the media:
Photos
Videos
Bulk images
Articles

SOURCE Air Canada

Information : [email protected]