ATS Corp /ATS

Common Shares

The Company is authorized to issue an unlimited number of Common Shares, without par value, for unlimited consideration. The Common Shares are not redeemable or convertible. Each Common Share carries the right to receive notice of, and entitles a shareholder to one vote, at a meeting of shareholders; the right to participate in any distribution of the assets of the Company on liquidation, dissolution or winding up; and the right to receive dividends if, as and when declared by the Board of Directors. As of March 31, 2025, there were 96,885,705 Common Shares outstanding. During the most recent fiscal year, 19,261 stock options were exercised under the employee stock-based compensation plan at an average exercise price of $25.70. The Company did not purchase any Common Shares under the 2024 NCIB program, and purchased 1,020,887 Common Shares under the 2023 NCIB program for $45.0 million in fiscal 2025. The Common Shares are listed on the TSX and NYSE under the symbol "ATS".

On May 18, 2022, the Company's Restricted Share Unit ("RSU") plan was amended so that RSUs granted may be settled in Common Shares purchased on the open market, where deemed advisable by the Company, as an alternative to cash payments. It is the Company's intention to settle these RSUs with Common Shares. During the year ended March 31, 2025, 332,165 Common Shares were purchased for $14.7 million and are held in trust and may be used to settle some or all of the fiscal 2023, fiscal 2024 and fiscal 2025 grants when such RSU grants are fully vested.