Change of representatives within the Bombardier family
Only representatives are authorized to bind their respective family group for the purposes of the Bombardier Family Agreement and to make decisions, after consulting amongst themselves, regarding the exercise of voting rights attached to certain Class A shares of their respective families that are subject to the Bombardier Family Agreement.
- Only representatives are authorized to bind their respective family group for the purposes of the Bombardier Family Agreement and to make decisions, after consulting amongst themselves, regarding the exercise of voting rights attached to certain Class A shares of their respective families that are subject to the Bombardier Family Agreement.
- Moreover, each party to the Bombardier Family Agreement has undertaken to vote all the Bombardier shares that they hold and control, directly or indirectly, as per the representatives’ instructions regarding the shares they control under the Bombardier Family Agreement.
- As of the date of this press release, there is therefore a total of 10,474,501 Class A shares representing 84.82% of the Class A shares issued and outstanding, and 1,447,048 Class B (subordinate voting) shares (Class B shares) representing 1.66% of the Class B shares issued and outstanding (the shares subject to the Bombardier Family Agreement), which will ultimately be voted, directly or indirectly, as per the representatives’ instructions, the whole subject to the terms and conditions of the Bombardier Family Agreement.
- Since the Bombardier Family Agreement’s execution, the Principal Shareholders have always acted as representatives of their respective family group for the purposes of exercising certain rights under the Bombardier Family Agreement.