Air Canada 2008 Annual Report Download - page 49

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2008 Management’s Discussion and Analysis
49
9.8 SHARE INFORMATION
An aggregate of 100 million Class A variable voting shares and Class B voting shares in the capital of Air Canada are issued
and outstanding. The issued and outstanding shares of Air Canada, along with shares potentially issuable, are as follows:
Numberofshares
At January 31, 2009 AtDecember31,2007
Issued and outstanding shares
Class A variable voting shares 15,402,859 16,654,049
Class B voting shares 84,597,141 83,345,951
Total issued and outstanding shares 100,000,000 100,000,000
ClassAvariablevotingandClassBvotingsharespotentiallyissuable
Stock options 1,701,447 1,720,092
Performance share units 1,680,159 551,251
Totalsharespotentiallyissuable 3,381,606 2,271,343
Totaloutstandingandpotentiallyissuableshares 103,381,606 102,271,343
On December 10, 2008, ACE announced its intention to seek court and shareholder approvals for a plan of arrangement,
pursuant to which it will proceed with a liquidation and its net assets, including its shares in Air Canada, will be distributed,
in an orderly fashion, after providing for outstanding liabilities and costs of the transaction. As announced by ACE on
January 21, 2009, subject to court and regulatory approvals, the special meeting of shareholders of ACE, initially scheduled
for February 27, 2009, has been postponed to April 7, 2009.