Maxar Technologies Completes U.S. Domestication
2 January 2019
WESTMINSTER, CO, Jan. 2, 2019 /PRNewswire/ - 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 securityholders 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 listedon 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 email@example.com.
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.
Certain statements and other information included in this release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws. Statements including words such as "may", "will", "could", "should", "would", "plan", "potential", "intend", "anticipate", "believe", "estimate" or "expect" and other words, terms and phrases of similar meaning are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties, as well as other statements referring to or including forward-looking information included in this presentation.
Forward-looking statements are subject to various risks and uncertainties which could cause actual results to differ materially from the anticipated results or expectations expressed in this presentation. As a result, although management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The risks that could cause actual results to differ materially from current expectations include, but are not limited to, the risk factors and other disclosures about the Company and its business included in the Company's continuous disclosure materials filed from time to time with Canadian and U.S. securities regulatory authorities, which are available online under the Company's EDGAR profile at www.sec.gov, under the Company's SEDAR profile at www.sedar.com or on the Company's website at www.maxar.com.
The forward-looking statements contained in this release are expressly qualified in their entirety by the foregoing cautionary statements. All such forward-looking statements are based upon data available as of the date of this presentation or other specified date and speak only as of such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements in this presentation as a result of new information or future events, except as may be required under applicable securities legislation.
Investor Relations Contact:
Maxar VP Investor Relations
Maxar Media Relations
SOURCE Maxar Technologies Ltd.