Exchange Bulletin
Telesat Corporation (TSAT) To Trade On Toronto Stock Exchange
November 17, 2021
| Issuer: | Telesat Corporation (the "Company") |
| Securities: | Class A common shares and Class B variable voting shares (designated as "Common and Variable Voting Shares" for trading purposes) |
| Symbol: | TSAT |
| Number of securities issued and outstanding: | 11,905,353 |
| Number of securities reserved for issuance: | 43,003,869 |
| Listing category: | Industrial, Exempt |
| Trading currency: | CDN $ |
| Transaction: | On November 23, 2020, Telesat Corporation entered into a Transaction Agreement and Plan of Merger with, Telesat Canada ("Telesat Canada"), Telesat Partnership LP ("Telesat Partnership"), Telesat CanHold Corporation, Loral Space & Communications Inc. ("Loral"), Lion Combination Sub Corporation, Public Sector Pension Investment Board ("PSP Investments") and Red Isle Private Investments Inc. ("Red Isle"). Upon completion, the integration transaction (the "Transaction") will result in the current stockholders of Loral, PSP Investments (through Red Isle) and the other shareholders in Telesat Canada (principally current or former management) owning approximately the same percentage of equity in Telesat Canada indirectly through Telesat Corporation and/or Telesat Partnership as they currently hold (indirectly in the case of Loral stockholders and PSP Investments) in Telesat Canada, Telesat Corporation becoming the publicly traded general partner of Telesat Partnership and Telesat Partnership indirectly owning all of the economic interests in Telesat Canada. |
| Listing date: | November 18, 2021 (as at 5:01 p.m.) in anticipation of closing of the Transaction |
| Anticipated closing date: | November 19, 2021 (prior to the opening) |
| Posted for trading date: | November 19, 2021 (at the opening) subject to confirmation of closing of the Transaction |
| Other market(s): | NASDAQ |
| Temporary market maker: | W.D. Latimer Co. Ltd. |
| Security ownership registration: | Uncertificated Issue – Non-Certificated Inventory |
| Investor relations: | Hugh Harley, Director, Investor Relations Tel.: (613) 748-8424 Email: hharley@telesat.com |
| Incorporation: | Business Corporations Act (British Columbia) |
| Fiscal year end: | December 31 |
| Nature of business: | The Company is a global satellite operator, providing mission-critical communications solutions to support the requirements of sophisticated satellite users throughout the world. |
| Transfer agent and registrar: | Computershare Investor Services Inc. at its principal office in Vancouver and Toronto |
| Dividends: | The Company does not intend to declare or pay cash dividends or distributions on its Common and Variable Voting Shares in the foreseeable future. |
| Sponsorship: | Not applicable |
| Disclosure document: | Non-offering prospectus dated November 16, 2021, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the disclosure document. |
| Additional information : | The Common and Variable Voting Shares of the Company will trade under a single symbol and CUSIP number. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |