Chorus Aviation Announces Shareholder and Board Approval of Share Consolidation

HALIFAX, NS, Feb. 4, 2025 /CNW/ - Chorus Aviation Inc. (TSX:CHR.TO) ("Chorus" or the "Corporation") today announced that holders of its Class A Variable Voting Shares and Class B Voting Shares (the "Shares", and the holders thereof, "Shareholders") approved a special resolution for a proposed consolidation of the Shares (the "Consolidation") and authorized Chorus' board of directors (the "Board"), in its discretion, to implement the Consolidation at any time prior to February 4, 2026 on the basis of a consolidation ratio within a range of one (1) post-consolidation Share for every five (5) to ten (10) pre-consolidation Shares. The special resolution was approved by 95.5% of the votes cast by Shareholders at the special meeting of Shareholders held earlier today. To be effective, the resolution to approve the Consolidation required the affirmative vote of at least two-thirds of the votes cast by the Shareholders. The report on voting results will be filed under the Corporation's profile on SEDAR+.