Canadian cargo carrier facilitates foreign investment
On or about 8 May 2019, Cargojet's common and variable voting shares will trade on the Toronto stock exchange (Canada) under the single ticker "CJT", will bear CUSIP / ISIN numbers 14179V503 / CA14179V5036 and will be designated for the purposes of trading on the TSX and reporting in brokerage accounts under the single designation of "common and variable voting shares" of Cargojet.
Cargojet also received exemptive relief from the Canadian securities administrators to allow its common shares and variable voting shares to be treated as a single class for the purposes of applicable take-over bid requirements and early warning reporting requirements under Canadian securities laws.
Together, these changes are intended to facilitate investment by non-Canadians and improve the liquidity for the variable voting shares. (ah)