December 10, 2018 – Maxar Technologies announced that the Supreme Court of British Columbia has granted approval for certain amendments made to the Company’s plan of arrangement that will permit the new, Delaware incorporated parent company to acquire the Company’s common shares from the Company’s shareholders directly rather than through an acquisition vehicle in certain circumstances. The Court previously issued a final order approving Maxar’s proposed U.S. domestication Arrangement pursuant to the Business Corporations Act (British Columbia).
These amendments are intended to benefit the Company from a tax perspective and will have no direct impact on the Company’s shareholders. Maxar shareholders approved the Company’s U.S. domestication plan on November 16, 2018 and no additional shareholder approval for these amendments is required. A copy of the amending agreement setting forth these amendments will be filed with the Canadian securities regulatory authorities and will be available under the Company’s SEDAR profile at www.sedar.com, under the Company’s EDGAR profile at www.sec.gov and on the Company’s website at www.maxar.com.
Subject to the satisfaction of customary conditions precedent, Maxar anticipates that the U.S. domestication will be completed on or about January 1, 2019.