VALCOURT, Quebec, April 20, 2018 (GLOBE NEWSWIRE) -- BRP Inc. (TSX:DOO) announced today that, in connection with
its previously announced normal course issuer bid to purchase for cancellation up to 3,625,271 subordinate voting shares of BRP
(the “NCIB”), it entered into an automatic share purchase plan (the “APP”) with a designated broker. This is intended to allow
for the purchase of subordinate voting shares under the NCIB at times when BRP would ordinarily not be permitted to purchase shares
due to regulatory restrictions or self-imposed blackout periods.
Pursuant to the APP, before entering into a blackout period, BRP may, but is not required to, instruct the
designated broker to make purchases under the NCIB in accordance with the terms of the APP. Such purchases will be determined by
the broker in its sole discretion based on parameters established by BRP prior to the blackout period in accordance with the rules
of the Toronto Stock Exchange ("TSX”), applicable securities laws and the terms of the APP. The APP has been pre-cleared by the TSX
and will be implemented effective April 23, 2018.
Outside of pre-determined blackout periods, subordinate voting shares will be purchased under the NCIB based on
management's discretion, in compliance with TSX rules and applicable securities laws. The NCIB commenced on April 2, 2018 and will
terminate no later than April 1, 2019. All repurchases made under the APP will be included in computing the number of subordinate
voting shares purchased under the NCIB. As of April 20, 2018, BRP has repurchased 597,900 subordinate voting shares under the
renewal of the NCIB.
About BRP
We are a global leader in the world of powersports vehicles and propulsion systems built on over 75 years of
ingenuity and intensive consumer focus. Our portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx
snowmobiles, Sea-Doo watercraft, Can-Am on- and off-road vehicles, Evinrude and Rotax marine propulsion systems as well as Rotax
engines for karts, motorcycles and recreational aircraft. We support our lines of product with a dedicated parts, accessories and
clothing business to fully enhance your riding experience. With annual sales of CA$4.5 billion from over 100 countries, our global
workforce is made up of over 10,000 driven, resourceful people.
www.brp.com
@BRPNews
Ski-Doo, Lynx, Sea-Doo, Evinrude, Rotax, Can-Am and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its
affiliates. All other trademarks are the property of their respective owners.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements included in this release, including, but not limited to, statements relating to potential purchases of
subordinate voting shares by BRP under the normal course issuer bid, and other statements that are not historical facts, may be
“forward-looking statements” within the meaning of Canadian securities laws. Forward-looking statements are typically identified by
the use of terminology such as “may”, “will”, “would”, “could”, “expects”, “plans”, “intends”, “anticipates” or “believes” or
the negative or other variations of these words or other comparable words or phrases. Forward-looking statements, by their nature,
are based on assumptions, and are subject to important risks and uncertainties. Forward-looking statements cannot be relied upon
due to, amongst other things, changing external events and general uncertainties of the business. Actual results may differ
materially from results indicated in forward-looking statements due to a number of factors, including those identified in BRP’s
annual information form and management’s discussion and analysis of financial condition and results of operations. The
forward-looking statements contained in this release represent BRP's expectations as of the date of this release (or as of the date
they are otherwise stated to be made), and are subject to change after such date. However, BRP disclaims any intention or
obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise,
except as required under applicable securities regulations.
For media enquiries:
Magali Valence
Manager, External Communications
Tel.: 450.532.6155
magali.valence@brp.com
For investor relations:
Philippe Deschênes
Financial Analyst
Tel.: 450.532.6462
philippe.deschenes@brp.com