The Toronto Stock Exchange reports that Aecon Group Inc.'s 5.0 per cent convertible unsecured subordinated debentures will be delisted at the close on Dec. 29, 2023. According to the TSX, the debentures have a maturity date of Dec. 31, 2023. As the maturity date is a Saturday and Jan. 1, 2024, is a national statutory holiday, in accordance with the terms of the trust indenture dated Sept. 29, 2009, between the company and Computershare Trust Company of Canada, and a supplemental trust indenture dated Sept. 26, 2018, the repayment price will be paid to debentureholders on the next business day, Jan. 2, 2024.

The TSX reports that the debentureholders will receive $1,004.2466 per $1,000 principal amount of debentures, representing $1,000 principal amount and $4.2466 of accrued and unpaid interest thereon to, but excluding, the maturity date. As the debentures are held through the CDS book-entry-only system, debentureholders need not take any action to receive the payment price on maturity.

According to the TSX, the debentureholders have an option to convert the debentures into common shares of the company, at any time before the close on Dec. 29, 2023, at $24 per share. This conversion price represents a conversion rate of 41.6667 shares per $1,000 principal amount of debentures, subject to adjustments provided for in the indenture. Buyers of debentures who wish to exercise their conversion right should make their purchases sufficiently in advance of the deadline indicated in the relevant CDS bulletin, allowing for adequate time for settlement. Trades on Dec. 28, 2023, and Dec. 29, 2023, will settle on Dec. 29, 2023.