Search results will open in a new window on TMXMoney.com.

Exchange Bulletin

Stelco Holdings Inc. (STLC) To Trade On Toronto Stock Exchange


November 1, 2017
Issuer: Stelco Holdings Inc. (the "Company")
Security: Common shares ("Common Shares")
Symbol: STLC
CUSIP: 858522 10 5
Transaction: An application has been conditionally approved by Toronto Stock Exchange ("TSX") for the listing of Common Shares of the Company, subject to completion of a proposed initial public offering (the "Offering") of these securities as described in the Company's amended and restated preliminary base PREP prospectus dated October 20, 2017, amending and restating the preliminary base PREP prospectus dated September 27, 2017 (the "Prospectus"). It is anticipated that, in the next few days, the Company will file a final base PREP prospectus and a supplemented PREP prospectus for its Offering of Common Shares.

As soon as possible after the final base PREP prospectus is cleared by the relevant securities regulatory authorities and a supplemented PREP prospectus is filed, TSX will post the Common Shares for trading on an "if, as and when issued" basis under the trading information set out herein. Before the Common Shares are posted for trading on such basis, TSX will issue a trader note confirming both the pricing and the expected closing date for the Offering. If and when the Offering closes, the Common Shares will be listed on TSX.
Trading currency: CDN $
Temporary market maker: Independent Trading Group
Other markets: None.
Settlement: Subject to the closing of the Offering: (i) all trades in "STLC" on and before the third trading day preceding the closing date will be for special settlement on the closing date and will appear on the Settlement Report from CDS Clearing and Depository Services Inc. ("CDS"); and (ii) all trades in "STLC" for each of the two trading days preceding the closing date will be for special settlement two business days after the trade date and will appear on the Settlement Report from CDS. If the Offering does not close, all of the "if, as and when issued" trades will be cancelled. No securities will be delivered and no money will be owed by purchasers to sellers.

Parties who are entitled to receive Common Shares under the Offering may sell such securities in the "if, as and when issued" market without being subject to restrictions on short sales. Parties who are not entitled to receive Common Shares under the Offering must comply with the short sale rule in all respects for any sales they make in the "STLC" "if, as and when issued" market.

If and when the Offering closes, there will be no further trading in "STLC" on an "if, as and when issued" basis and the Common Shares issued at such closing will trade on a regular settlement basis.
Listing category: Industrial, Non-Exempt Issuer
Security ownership registration: Non-certificated inventory system administered by CDS.
Investor relations: Paul Simon
(905) 577-4434
Email: paul.simon@stelco.com
Incorporation: Canada Business Corporations Act
Fiscal year end: December 31
Nature of business: The Company is an integrated steel producer with facilities in two locations in Ontario, which produce a variety of steel products for customers in the steel service center, appliance, automotive, energy, construction, pipe and tube industries in North America.
Transfer agent and registrar: Computershare Trust Company of Canada at its principal offices in Toronto.
Dividends: The Company does not expect to pay any dividends on its Common Shares in the foreseeable future.
Sponsorship: Waived
Disclosure document: The Company's amended and restated preliminary base PREP prospectus dated October 20, 2017, amending and restating the preliminary base PREP prospectus dated September 27, 2017, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the disclosure document.
Initial public offering: Pursuant to the terms of the Prospectus, Goldman Sachs Canada Inc., BMO Nesbitt Burns Inc., Credit Suisse Securities (Canada), Inc., JP Morgan Securities Canada Inc., Scotia Capital Inc., TD Securities Inc., National Bank Financial Inc., and Oppenheimer & Co. Inc. are offering to the public approximately 11,111,112 to 12,500,000 shares from treasury at a price anticipated to be between $16 and $18 per Common Share (the "Offering Price"), for gross proceeds of approximately $178 million to $225 million to the Company. In addition, the Company has granted to the underwriters an over-allotment option pursuant to which the underwriters may purchase up to an additional 15% of the Offering from treasury at the Offering Price.
TSX contact: Julie K. Shin,
Director, Listed Issuer Services,
Toronto Stock Exchange