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 Email: michael.greenley@mda.space Vito Culmone Chief Financial Officer (403) 829-6546 Email: vito.culmone@mda.space |
| 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 www.SEDAR.com. 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| Additional Information: | TSX Bulletin 2021-0342 dated March 30, 2021 is withdrawn and is superseded by today's bulletin.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 |