Bombardier Inc. T.BBD.A

WHAT DOES THIS Early Warning News Release MEANS

[Shamhorish]

Early Warning News Release: Acquisition of Series 3 Cumulative Redeemable Preferred Shares of Bombardier Inc.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) -- Jefferies LLC announces that, in connection with facilitating a series of trades with a willing seller and willing buyers, it acquired on July 17, 2024, and immediately following the acquisition held, 4,804,247 Series 3 Cumulative Redeemable Preferred Shares (“Series 3 Preferred Shares”) in the capital of Bombardier Inc. (TSX: “BBD.PR.D”) (the “Issuer”), which represents approximately 51.6% of the issued and outstanding Series 3 Preferred Shares of the Issuer. Jefferies LLC promptly sold 2,100,000 Series 3 Preferred Shares of the Issuer, which represents approximately 22.5% of the issued and outstanding Series 3 Preferred Shares of the Issuer, on July 17, 2024 and intends to sell up to 2,704,247 Series 3 Preferred Shares of the Issuer, representing approximately 29.0% of the issued and outstanding Series 3 Preferred Shares of the Issuer, by July 19, 2024.

Jefferies LLC acquired the Series 3 Preferred Shares in the normal course of its business and not with the purpose of influencing the control or direction of the Issuer. Except as described herein, Jefferies LLC currently has no other plans or intentions that relate to, or would result in, the matters listed in Item 5 of the early warning report (“EWR”) to be filed by Jefferies LLC in connection with this news release.

 

The EWR will be filed by Jefferies LLC under applicable Canadian securities laws and will be available under the Issuer's SEDAR+ profile at www.sedarplus.ca. A copy of the EWR may also be obtained by contacting the media contact set out below. The Issuer’s head office is located at 400, chemin de la Cte-Vertu Ouest, Secrtariat De La Socit, Dorval, Qubec, H4S 1Y9, Canada.

Jefferies LLC
520 Madison Avenue
New York, NY 10022
USA

For media inquiries:
Jonathan Freedman [phone]
[e-mail]

[llesage]

I don't think it means anything Sham and why the alarming heading! Reading through the write up, it just states that Jefferies acquired series 3 preferred shares and is selling them. 

[Shamhorish]

IIesage, thanks, just i could not understand what  Early Warning News Release MEANS

[llesage]

Oh I know...what a stupid heading for the article!!

[OnRoad2]

I do not know what that mean but, why they get rid of it in the same day... probably the consider that to be more in cash and reduce exposition to market. I heard that, the retails is a lot exposed... and institutionnal investors try to pull back money.  Market look to be fragile at this point and struggle to stay at this level ? A lot of money going out of the big capitalisation and try to

[stock4life48]

it doesn't mean anything

[Noostradamus]

  "); display: inline-block; height: 24px; width: 24px; transform: rotateZ(180deg);"> Under the early warning system, disclosure must be made when a person or company acquires ownership or control of 10 per cent or more of the outstanding securities of a class of voting or equity securities of an issuer.

[Noostradamus]

What are early warning rules in Canada?   Under the early warning system, disclosure must be made when a person or company acquires ownership or control of 10 per cent or more of the outstanding securities of a class of voting or equity securities of an issuer.

[Shamhorish]

Noostradamus, Thanks, that exlain it, thank you. *****