From: Maxar Technologies
Posted: Wednesday, January 2, 2019
Maxar Technologies Inc. (NYSE: MAXR) (TSX: MAXR) ("Maxar" or the "Company"), a global technology innovator powering the new space economy, today announced the completion of its statutory plan of arrangement, pursuant to which the ultimate parent company of Maxar Technologies Ltd. ("Maxar Canada") became an entity incorporated under the laws of the State of Delaware in the United States of America (the "U.S. domestication"). The U.S. domestication was overwhelmingly approved by Maxar Canada security holders at a special meeting held on November 16, 2018 and was subsequently approved by the Supreme Court of British Columbia.
The common shares of the new parent company will be listed on both the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSX) under the same trading symbol, "MAXR." As a result of the the U.S. domestication, each issued and outstanding common shares of Maxar Canada has been exchanged for one share of common stock of Maxar.
As previously announced, with the conclusion of the domestication process, Maxar has now completed its transition to U.S. GAAP accounting standards and U.S. domestic securities filings. The Company believes adopting U.S. GAAP accounting standards will make its financial results more transparent to a wider audience of investors and provide increased comparability with U.S. aerospace and defense peer companies.
Registered shareholders with questions about receiving their Maxar common stock, including with respect to completing the applicable letter of transmittal, can contact Computershare Investor Services Inc. toll free (North America) at 1-800-564-6253 or by email at firstname.lastname@example.org.
About Maxar Technologies
As a global leader of advanced space technology solutions, Maxar Technologies (formerly MacDonald, Dettwiler and Associates) is at the nexus of the new space economy, developing and sustaining the infrastructure and delivering the information, services, systems that unlock the promise of space for commercial and government markets. As a trusted partner, Maxar Technologies provides vertically integrated capabilities and expertise including satellites, Earth imagery, robotics, geospatial data and analytics to help customers anticipate and address their most complex mission-critical challenges with confidence. With more than 6,500 employees in over 30 global locations, the Maxar Technologies portfolio of commercial space brands includes MDA, SSL, DigitalGlobe and Radiant Solutions. Every day, billions of people rely on Maxar to communicate, share information and data, and deliver insights that Build a Better World. Maxar trades on the Toronto Stock Exchange and New York Stock Exchange as MAXR. For more information, visit www.maxar.com.
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