TSX

Air Canada shares to trade under single ticker symbol on TSX

MONTREAL – Air Canada says that beginning early next month its class A variable voting shares (TSX:AC.A) and class B voting shares (TSX.AC.B) will trade under a single ticker symbol on the Toronto Stock Exchange.

Canada’s largest airline says the shares will trade under the ticker designation (TSX:AC) and bear the CUSIP identification number CA0089118776.

The company says the change is designed to improve the liquidity for the class A variable voting shares, which have historically had lower trading volumes.

“The trading of the class A variable voting shares and the class B voting shares under a single ticker is limited solely to the administration of trading of the Air Canada shares on the TSX,” the company said in a news release Monday.

“This change does not involve any amendment to Air Canada’s articles of incorporation, by-laws or share capital structure, nor to the terms and conditions or the voting and ownership restrictions attaching to the class A variable voting shares and the class B voting shares.”

Under Air Canada’s articles of incorporation, the class A variable voting shares may only be held and controlled by non-Canadians, and the Class B voting shares may only be held and controlled by Canadians.