Chorus Aviation begins substantial issuer bid

Executive Summary

• Chorus Aviation has launched a substantial issuer bid to repurchase up to $50 million of its Class A variable voting shares and Class B voting shares.
• The cash purchase price will be between $23 and $25 per share, with the offer open until 5 p.m. Toronto time on November 10, 2025 (or later if extended).
• Offer documents have been mailed to shareholders, filed on SEDAR+, and posted on the company’s website; electronic copies are available upon request.

Key Details

• Offer Size: Up to $50 million in aggregate purchase value.
• Share Classes Covered: Class A variable voting shares and Class B voting shares (TSX: CHR).
• Purchase Price Range: Not less than $23 per share and not more than $25 per share, cash.
• Offer Commencement: Effective today (April 1, 2026).
• Expiration: 5 p.m. Toronto time on November 10, 2025, unless extended by the board.
• Documentation: Formal offer to purchase, issuer bid circular, letter of transmittal, and notice of guaranteed delivery have been mailed to registered shareholders and filed with Canadian securities regulators on SEDAR+.
• Access to Documents: Posted on Chorus Aviation’s website; electronic copies can be requested via email ([email protected]) for shareholders delayed by Canada Post disruptions.
• Shareholder Instructions: Holders of shares through dealers, brokers, banks, trusts or other nominees must contact their nominee promptly to arrange deposit of shares under the offer.

Notable Quotes

(No direct quotes were provided in the release.)