Air Canada 2008 Annual Report Download - page 151

Consolidated Financial Statements and Notes
151
Investor and Shareholder Information
Price Range and Trading Volume of Air Canada Variable Voting Shares (AC.A)
Price Range and Trading Volume of Air Canada Voting Shares (AC.B)
Designed and produced in-house by
the Air Canada Multimedia Centre
Printing: Phipps Dickson Integria Inc.
Ce rapport annuel est publié dans
les deux langues officielles du Canada.
Pour en recevoir un exemplaire en français,
veuillez écrire à la Secrétaire adjointe –
Relations avec les actionnaires.
For Further Information
Shareholder Relations
Assistant Secretary, Shareholder Relations
Telephone: [phone]
Facsimile: 514-422-0296
Investor Relations
Director, Investor Relations
Telephone: [phone]
Facsimile: 514-422-7877
Head Office
Air Canada Centre
7373 Côte-Vertu Blvd. West
Saint-Laurent, Quebec H4S 1Z3
Internet
www.aircanada.com
Air Canada complies with the guidelines
adopted by the Toronto Stock Exchange.
Transfer Agents and Registrar
CIBC Mellon Trust Company
Telephone: [phone]
Halifax, Montreal, Toronto,
Calgary and Vancouver.
2008 High Low Volume Traded
1st Quarter $ 12.22 $ 7.66 17,720,538
2nd Quarter $ 9.86 $ 7.51 15,134,439
3rd Quarter $ 7.98 $ 3.22 13,048,154
4th Quarter $ 5.49 $ 1.24 6,862,054
52,765,185
2008 High Low Volume Traded
1st Quarter $ 12.16 $ 7.78 2,689,705
2nd Quarter $ 9.84 $ 7.32 6,003,872
3rd Quarter $ 7.90 $ 3.44 5,475,876
4th Quarter $ 5.50 $ 1.25 9,345,862
23,515,315
ENGLISH OR FRENCH, IT’S THE CLIENT’S CHOICE.
Official Languages at Air Canada
For Air Canada, offering service in the language chosen by its customers is essential. Verbal exchanges with clients, public-address announcements
at the airport and on board, briefing of passengers with special needs all constitute the very heart of customer service and call upon our
employees linguistic skills at all times. Our consideration to bilingualism not only makes good sense customer-wise, but also supports our legal
obligations to serve the public in the two official languages of Canada.
Air Canada puts great efforts to better serve clients in the language of their choice. It is through reach-out activities with the minority language
communities as well as ongoing employee awareness and training that we can face the daily challenges, whether it is the growing difficulty
to recruit bilingual candidates outside the province of Quebec and the national capital region, or for our employees to maintain their
language skills with very little opportunities to practice the acquired language in some regions of the country.
Duplicate Communication
Shareholders receiving more than one copy are requested to call 1-800-387-0825
or write to the Transfer Agent and Registrar, CIBC Mellon Trust Company at the
following address:
2001 University Street, Suite 1600, Montreal, Quebec H3A 2A6
Inquiries may be submitted by electronic mail to [email protected]
Restrictions on Voting Securities
Currently, the Air Canada Public Participation Act (ACCPA) limits ownership of Air
Canada’s voting interests by non-residents of Canada to a maximum of 25%. The
Canada Transportation Act (CTA) also requires that Canadians own and control at
least 75% of the voting interests of licensed Canadian carriers. Accordingly, Air
Canada's articles contain restrictions to ensure that it remains “Canadian” as defined
under the CTA. The restrictions provide that non-Canadians can only hold variable
voting shares of Air Canada, that such variable voting shares will not carry more
than 25% (or any higher percentage that the Governor in Council may by regulation
specify) of the aggregate votes attached to all issued and outstanding voting shares
and that the total number of votes cast by the holders of such variable voting shares
at any meeting of shareholders will not exceed 25% (or any such higher percentage)
of the votes that may be cast at such meeting.
The Government of Canada's Bill C-10, the Budget Implementation Act 2009, con-
tains provisions whereby the restrictions on voting securities in the ACPPA would be
repealed and the CTA would be amended to provide the Governor in Council with
flexibility to increase the foreign ownership limit from the existing 25% level to a
maximum of 49%. These provisions will come into force on a date to be fixed by
order of the Governor in Council made on the recommendation of the Minister of
Finance, in the case of the ACPPA, and on the recommendation of the Minister of
Transport, in the case of the CTA.