RE:Potential Transat shareholders My understanding is "yess", you could still purchase TRZ shares at this time with the AC-conversion option - and until at least December 15th.
The said "election date" is still to be defined (early 2021), and is conditional of the Dec 15th voting result - green light in favor of the transaction - or not.
And my understanding is based on the following message that a reprsentant of Kingsdale Advisors for Transat:
"As a Beneficial shareholder, you will not receive a Letter of Transmittal with their documents. In order to make an election choice for the consideration to be received(cash or shares):
• Beneficial shareholders must wait for a press-release announcing the results of the meeting. If the majority of shareholders voted in favour of the revised Arrangement Resolution, the Acquisition Arrangement will proceed, and shareholders will be required to make an Election choice.
• Beneficial Holders will then need to contact their brokerage firm to indicate their election choice.
• Please note that your Brokerage firm may have internal deadlines that are in advance of the election deadline that will be established (see below).
Shareholders have until 5:00 p.m. (Montreal time) on the date that falls two (2) business days before the Arrangement Closing Date (defined below) (the “Election Deadline”) to indicate their election choice. The Company will give notice of the election deadline by means of a press release broadcast on Canadian newswires no later than the business day preceding the election deadline.
Should you have any questions or require further assistance, we can be reached at 1-888-518-1552 or collect at 416-867-2272."