Chorus Aviation Inc. has announced that Chorus’ shareholders have voted to approve the previously announced sale of the company’s assets comprising the regional aircraft leasing segment (the transaction).
The transaction was approved by approximately 98.1 percent of votes cast by Chorus shareholders at a special meeting held to consider the transaction.
To be effective, the resolution to approve the Transaction required the affirmative vote of at least two-thirds of the votes cast by Chorus shareholders. The report on voting results will be filed under the Company’s profile on SEDAR+.
Chorus also announced the satisfaction of two regulatory conditions to completion of the transaction: (i) the expiration of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976; and (ii) the receipt of approval from Ireland’s Competition and Consumer Protection Commission.
Further, it was confirmed that the transaction does not require a notification or filing under the Competition Act (Canada) or Part IV of the Investment Canada Act (Canada).
The transaction remains subject to the other regulatory approvals and customary conditions to closing described in the Management Proxy Circular dated August 19, 2024 (the circular) and set out in the sale and purchase agreement in respect of the transaction dated July 30, 2024, both of which are available under the Company’s profile on SEDAR+
This press release was prepared and distributed by Chorus Aviation.
