- Bombardier Inc. (BBD.A/.B) has announced that its share consolidation will close this Monday
- The consolidation includes its issued and unissued class A shares and Class B shares
- One post-consolidation share will be given for every 25 pre-consolidation shares
- The shares will continue to be listed under their current trading symbols
- Bombardier Inc. (BBD.A/.B) class A shares are down 2.10 per cent trading at $1.40 per share as of 1:02 p.m. ET
- Class B shares are down 5.04 per cent trading at $1.13 per share as of 1:02 p.m. ET
Canadian business jet manufacturer, Bombardier Inc. (BBD.A/.B), has announced its share consolidation will close on Monday, June 13.
The consolidation includes the corporation’s issued and unissued class A shares and class B shares. For every 25 pre-consolidation shares, shareholders will receive one post-consolidation share.
The share consolidation will condense the current 308.7 million class A shares 2.13 billion class B shares to approximately 12.3 million class A and 85.3 million class B shares.
Due to this offer, Bombardier is expecting its class A shares and class B shares to begin trading on the TSX the same day.
The shares will continue to be listed under their currently established BBD.A and BBD.B, symbols. Although, the corporation is considering listing its post-consolidation class A shares and class B shares under new security numbers.
Bombardier has also issued a notice to non-registered shareholders who hold their securities using either a bank, trust company, securities dealer, or broker that these liaisons may use their own separate procedures to handle this share consolidation process and should direct any questions to said mediators.
Bombardier Inc. (BBD.A/.B) class A shares are down 2.10 per cent trading at $1.40 per share as of 1:02 p.m. ET.
Its class B shares are down 5.04 per cent trading at $1.13 per share as of 1:02 p.m. ET.