The Toronto Stock Exchange reports that pursuant to a plan of arrangement that became effective on May 12, 2023, each Class A share of Teck Resources Ltd. was acquired by the company in exchange for a new Class A share and 0.67 of a Class B subordinate voting share. According to the TSX, the terms of the new Class A shares are identical to the terms of the current Class A shares, but provide that on the sixth anniversary of the effective date, being May 12, 2029, all new Class A shares will automatically be exchanged for Class B shares, which will then be renamed common shares. Holders of Class A shares need not take any action with respect to the arrangement.

There will be no change to the stock symbol or Cusip number of the Class A shares. The TSX issued a bulletin on May 8, 2023, regarding the distribution of the Class B shares pursuant to the arrangement. The TSX will issue a further bulletin before the sixth anniversary of the effective date regarding the redesignation of the Class A shares and the Class B share to common shares as applicable.

For more information, see the company's management proxy circular dated March 23, 2023, and its news releases dated April 28, 2023, and May 12, 2023, available on SEDAR.