WHISTLER, BC, Aug. 25, 2022 /CNW/ — Whistler Blackcomb Holdings Inc. (“WBHI“), a wholly- owned subsidiary of Vail Resorts, Inc. (“Vail Resorts“), at the moment introduced that it intends to redeem all of its excellent redeemable preferable shares exchangeable for shares of Vail Resorts widespread inventory (the “Exchangeable Shares“) on September 26, 2022 (the “Redemption Date“), in accordance with the articles of WBHI.

The Exchangeable Shares have been initially issued in reference to the acquisition of WBHI by Vail Resorts in October 2016. The Exchangeable Shares may very well be redeemed for Vail Resorts widespread inventory by shareholders at any time till October 2023, or earlier if the excellent Exchangeable Shares dropped beneath 20,904 shares (which represented 5% of the overall Exchangeable Shares issued). In July 2022, the overall variety of excellent Exchangeable Shares fell beneath that threshold, and there are presently 3,198 Exchangeable Shares excellent.

WBHI will ship a Discover of Redemption and Letter of Transmittal to registered holders of Exchangeable Shares on August 26, 2022. Copies of those paperwork can be filed on the Canadian System for Digital Doc Evaluation and Retrieval (SEDAR) at www.sedar.com underneath WBHI’s profile.

On the Redemption Date, registered holders of Exchangeable Shares can have the proper to obtain one share of Vail Resorts widespread inventory in trade for every Exchangeable Share that they maintain. In an effort to obtain Vail Resorts widespread inventory, shareholders are required to return their accomplished Letter of Transmittal to Computershare Investor Companies Inc.

The Vail Resorts Shares are listed and posted for buying and selling on the New York Inventory Alternate underneath the image “MTN”.

WBHI intends to use to the relevant Canadian securities regulatory authorities to stop to be a reporting issuer after the Redemption Date.

Cautionary Assertion Relating to Ahead-Wanting Statements:

This launch accommodates “forward-looking info” inside the that means of relevant Canadian securities legal guidelines, together with the anticipated timing and completion of the redemption of the Exchangeable Shares and WBHI’s intention to use to stop to be a reporting issuer after the Redemption Date, that entails identified and unknown dangers, uncertainties and different elements that will trigger precise timing, completion or outcomes to be materially totally different than these expressed or implied by these forward-looking statements. Ahead-looking info is predicated on varied elements and assumptions and entails sure dangers and uncertainties, shouldn’t be interpreted as ensures of future outcomes, shouldn’t be unduly relied upon, and won’t essentially be correct indications of whether or not or not such outcomes can be achieved.

SOURCE Vail Resorts, Inc.

For additional info: For additional info: Investor Relations: Bo Heitz, (303) 404-1800, [email protected]