17:09:10 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Bombardier Inc
Symbol BBD
Shares Issued 1,444,173,243
Close 2015-03-26 C$ 2.51
Market Cap C$ 3,624,874,840
Recent Sedar Documents

Bombardier receives escrowed funds from $1.1B offering

2015-03-27 14:36 ET - News Release

Ms. Isabelle Rondeau reports

BOMBARDIER ANNOUNCES SPECIAL MEETING VOTING RESULTS AND RELEASE OF ESCROWED FUNDS IN RESPECT OF CDN$1.1 BILLION PUBLIC OFFERING OF EQUITY

Bombardier Inc. has released the results of voting at its special meeting of shareholders held earlier today in Montreal, Que. At the meeting, the special resolution authorizing the amendment to the articles of Bombardier in order to increase the number of Class A shares (multiple voting) and Class B shares (subordinate voting) that Bombardier is authorized to issue from 1,892,000,000 to 2,742,000,000 was duly adopted. Following the close of the meeting, Bombardier filed articles of amendment under the Canada Business Corporations Act, and obtained a certificate of amendment reflecting the increased authorized share capital.

With the articles of amendment effective today, the net proceeds of Bombardier's previously announced approximately $1.1-billion public offering of subscription receipts have been released to Bombardier (subject to the payment of certain transaction costs), and each subscription receipt was automatically exchanged into one Class B share (subordinate voting) in the capital of Bombardier. Bombardier expects that the subscription receipts will be immediately halted from the Toronto Stock Exchange and delisted after markets close today.

Further details concerning the subscription receipts are set out in a prospectus supplement dated Feb. 20, 2015, to Bombardier's short-form base-shelf prospectus dated Feb. 18, 2015, both available on SEDAR.

We seek Safe Harbor.

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