Transat A.T. Inc. announced the final results of its offer to purchase for cancellation up to $125 million of its Class A Variable Voting Shares and Class B Voting Shares.
Based on final reports from CIBC Mellon Trust Company on the response to its offer to purchase, Transat takes up 1,780,797 Class A Variable Voting Shares and 4,662,502 Class B Voting Shares at a purchase price of $19.40 per share. The final pro-ration factor that has been applied to the Class A Variable Voting Shares and Class B Voting Shares properly deposited is approximately 99%. As a result, shareholders who deposited Class A Variable Voting Shares or Class B Voting Shares at a purchase price of or below $19.40 per share or pursuant to purchase price tenders will have approximately 99% of their shares bought back at the purchase price, subject to adjustment for odd lots and to avoid the creation of fractional shares.