Bombardier Receives Final Installment from the Government of Quebec Investment in the C Series Program
(Thomson Reuters ONE) -
Bombardier Inc. /
Bombardier Receives Final Installment from the Government of Quebec Investment
in the C Series Program
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The issuer is solely responsible for the content of this announcement.
MONTREAL, QUEBEC--(Marketwired - Sep 2, 2016) - Bombardier today confirmed that
the disbursement of the second and last $500 million US installment of the
previously announced $1 billion US investment by the Government of Québec in the
C Series Aircraft Limited Partnership, has been received on September 1, 2016.
Also, as previously announced and concurrent with the disbursement of the second
and last $500 million US installment, Bombardier has issued on September
1, 2016, in the name of Investissement Québec, acting as agent of the Government
of Québec, additional warrants exercisable for a total number of 50,000,000
Class B shares (subordinate voting) in the capital of Bombardier. These warrants
are exercisable for a period of five years at an exercise price per share equal
to $1.72 US, being the U.S. dollar equivalent of $2.21 Cdn at the date of
execution of the subscription agreement.
About Bombardier
Bombardier is the world's leading manufacturer of both planes and trains.
Looking far ahead while delivering today, Bombardier is evolving mobility
worldwide by answering the call for more efficient, sustainable and enjoyable
transportation everywhere. Our vehicles, services and, most of all, our
employees are what make us a global leader in transportation.
Bombardier is headquartered in Montréal, Canada. Our shares are traded on the
Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability
North America Index. In the fiscal year ended December 31, 2015, we posted
revenues of $18.2 billion. News and information are available at bombardier.com
or follow us on Twitter (at)Bombardier.
Simon Letendre
Advisor, Public Affairs
Bombardier Inc.
+1 514 861 9481
Patrick Ghoche
Vice President, Investor Relations
Bombardier Inc.
+1 514 861 5727
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Bombardier Inc. via GlobeNewswire
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