Investor Presentaiton
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If the Variable Voting Shares resulting from the conversion and deposited pursuant to the offer are withdrawn by
the shareholder or are not taken up by the offeror or the offer is abandoned or withdrawn, the Variable Voting
Shares resulting from the conversion shall be reconverted automatically and without further act from Air Canada or
the holder, into Voting Shares.
There shall be no right to convert the Variable Voting Shares into Voting Shares or to convert Voting Shares into
Variable Voting Shares, except in accordance with the conversion procedure set forth in the Air Canada articles of
incorporation.
Constraints on Ownership of Shares
The Voting Shares may only be held, beneficially owned and controlled, directly or indirectly, by Qualified
Canadians.
Residency Declaration
Air Canada's articles of incorporation, as amended, provide that: (i) the Voting Shares may only be held,
beneficially owned and controlled, directly or indirectly, by persons who are Qualified Canadians; and (ii) the
Variable Voting Shares may only be held, beneficially owned or controlled, directly or indirectly, by persons who
are not Qualified Canadians.
Repurchase of Shares
Air Canada will be allowed, from time to time, to purchase shares for cancellation in accordance with applicable
securities legislation and the rules prescribed under applicable stock exchange or regulatory policies. Any such
repurchase will constitute an "issuer bid" under Canadian provincial securities legislation and must be conducted in
accordance with the applicable requirements thereof.
Information and Reports
Air Canada will furnish to shareholders, in accordance with applicable securities laws, all financial statements of
Air Canada (including quarterly and annual financial statements) and other reports as are from time to time required
by applicable law, including prescribed forms needed for the completion of shareholders' tax returns under the
Income Tax Act (Canada) and the regulations thereunder, as amended (the "Tax Act") and equivalent provincial
legislation.
Prior to each meeting of shareholders, the board of directors of Air Canada will provide to the shareholders
(along with notice of the meeting) a form of proxy and all information as is required by applicable law and the rules
of the TSX to be provided to shareholders.
The directors and senior officers of Air Canada will be required to file insider reports and comply with insider
trading provisions under applicable Canadian securities legislation in respect of trades made by such persons in
securities of Air Canada.
Officers
The board of directors of Air Canada may from time to time appoint one or more officers of Air Canada. A
majority of the officers of Air Canada shall be residents of Canada within the meaning of the Tax Act and Canadians
within the meaning of the CTA.View entire presentation