New Issue | | | August 9, 2021 |
| | Price to the Public(1) | | | Underwriters’ Fee | | | Net Proceeds to the Company(2) | |
Per Offered Share | | | US$93.00 | | | US$3.60 | | | US$89.40 |
Total Offering(3) | | | US$716,100,000 | | | US$27,720,000 | | | US$688,380,000 |
(1) | The Offering Price was determined by negotiation between the Company and the Underwriters (as defined herein), with reference to the then-current market price for the Subordinate Voting Shares. |
(2) | After deducting the Underwriters’ fee payable by the Company, but before deducting the other expenses in respect of the Offering estimated to be approximately US$1,670,000. See “Plan of Distribution”. |
(3) | The Company has granted to the Underwriters an option (the “Over-Allotment Option”) exercisable in whole or in part, from time to time not later than 30 days after the Closing Date (as defined below), to purchase from the Company up to 1,155,000 additional Subordinate Voting Shares (the “Additional Shares”), representing in the aggregate 15% of the total number of Offered Shares offered hereunder, at the Offering Price, less the Underwriters’ fee. The Underwriters may exercise the Over-Allotment Option solely for the purpose of covering over-allotments, if any, and for market stabilization purposes. If the Over-Allotment Option is exercised in full, the total “Price to the Public”, “Underwriters’ Fee” and “Net Proceeds to the Company” will be US$823,515,000, US$31,878,000 and US$791,637,000, respectively. This Prospectus Supplement also qualifies the grant of the Over-Allotment Option and the distribution of up to 1,155,000 Additional Shares to be issued and sold by the Company upon exercise of the Over-Allotment Option. A purchaser who acquires Subordinate Voting Shares forming part of the over-allocation position acquires those shares under this Prospectus Supplement regardless of whether the over-allocation position is ultimately filled through the exercise of the Over-Allotment Option or secondary market purchases. See “Plan of Distribution”. |
Morgan Stanley | | | Barclays |
BMO Capital Markets | | | RBC Capital Markets |