Exchange Bulletin

MDA Ltd. (MDA) To Trade On Toronto Stock Exchange

April 5, 2021
Issuer: MDA Ltd. (the "Company")
Security: Common shares (the "Common Shares")
Symbols: MDA
Issue price per security: $14.00
Number of securities issued and outstanding: 114,953,195
Number of securities reserved for issuance: 15,781,044
Listing category: Industrial, Non-Exempt
Trading currency: CDN$
Transaction: Initial public offering of Common Shares (the "Offering")
Listing date: April 6, 2021 (as at 5:01 p.m.) in anticipation of closing of the Offering
Anticipated closing date: April 7, 2021 (prior to the opening)
Posted for trading date: April 7, 2021 (at the opening) subject to confirmation of closing of the Offering
Other market(s): None
Temporary market maker: RBC Capital Markets
Security ownership registration: Uncertificated Issue - Non-Certificated Inventory
Investor relations: Michael Greenley
Chief Executive Officer
(905) 790-4429
Vito Culmone
Chief Financial Officer
(403) 829-6546
Incorporation: Business Corporations Act (Ontario)
Fiscal year end: December 31
Nature of business: The Company operates in three business areas: Geointelligence, Robotics & Space Operations, and Satellite Systems. It serves nearly every sector of the rapidly growing space economy, with mission expertise and technology tailored to new space applications.
Transfer agent and registrar: TSX Trust Company at its principal offices in Toronto, Ontario.
Dividends: The Company does not currently anticipate paying dividends on the Common Shares in the foreseeable future.
Sponsorship: Waived
Offering document: Final prospectus dated April 1, 2021, which is available at Capitalized terms not otherwise defined herein are as defined in the offering document.
Initial public offering: 28,571,500 Common Shares are being offered to the public from treasury at a price of $14.00 per share (the "Offering Price"). In addition, the underwriters have been granted an over allotment option to purchase up to an additional 4,285,725 Common Shares from treasury at the Offering Price.
Additional Information: TSX Bulletin 2021-0342 dated March 30, 2021 is withdrawn and is superseded by today's bulletin. For greater certainty, the TSX will not post an "if, as and when issued" market for the Common Shares.
TSX contact: Chris Birkett,
Managing Director,
Toronto Stock Exchange