Exchange Bulletin

ABC Technologies Holdings Inc. (ABCT) To Trade On Toronto Stock Exchange

February 18, 2021
Issuer: ABC Technologies Holdings Inc. (the "Company")
Security: Common shares (the "Shares")
Symbol: ABCT
Issue price per security: $10.00
Number of securities issued and outstanding: 52,522,392
Number of securities reserved for issuance: 6,302,686
Listing category: Industrial
Trading currency: CDN$
Transaction: Initial public offering by way of Secondary Offering of Shares (the "Offering").
Listing date: February 19, 2021 (as at 5:01 pm) in anticipation of closing of the Offering.
Anticipated closing date: February 22, 2021 (prior to the opening)
Posted for trading date: February 22, 2021 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): None
Temporary market maker: National Bank Financial Inc.
Security ownership registration: Non-certificated inventory administered by CDS
Investor relations: Nathan Barton
(416) 246-1782
Incorporation: Business Corporations Act (British Columbia)
Fiscal year end: June 30
Nature of business: The Company is a leading manufacturer and supplier of custom, highly engineered, technical plastics and lightweighting innovations to the North American light vehicle industry, serving more than 25 original equipment manufacturer customers globally through a strategically located footprint. Their integrated service offering includes manufacturing, design, engineering, material compounding, machine tooling and equipment building.
Transfer agent and registrar: Computershare Investor Services Inc., at its principal offices in Toronto.
Dividends: The Company anticipates paying quarterly cash dividends, with annualized aggregate dividend payments of approximately $7.9 million initially (or approximately $0.15 per Share on an annual basis). The first dividend that would be payable would be the dividend for the period beginning on the Closing Date and ending on March 31, 2021. The first dividend is expected to be in the aggregate of approximately $0.9 million (or approximately $0.02 per Share).
Sponsorship: Not applicable.
Disclosure documents: Amendment to prospectus dated February 16, 2021 (amending the prospectus dated February 12, 2021) which is available at Capitalized terms not otherwise defined herein are as defined in the disclosure documents.
Initial public offering: 11,000,000 Shares of the Company are being distributed by way of a secondary offering by ABC Group Canada LP (the "Selling Shareholder"), an Ontario limited partnership that is directly and indirectly owned by an investment fund managed by Cerberus Capital Management, L.P., under a secondary offering to the public at a price of $10.00 per Share. In addition, the Selling Shareholder has granted to the underwriters an over-allotment option pursuant to which the underwriters may purchase up to 1,650,000 additional Shares at the offering price from the Selling Shareholder.
TSX contact: Chris Birkett,
Managing Director,
Toronto Stock Exchange.