/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE
VALCOURT, QC, June 27, 2013 /CNW Telbec/ - BRP Inc. ("BRP" or the
"Company") announced today that the underwriters have purchased an
additional 1,830,000 subordinate voting shares from the Company at a
price of $21.50 per share pursuant to the exercise of their
over-allotment option granted in connection with the initial public
offering of the Company which closed on May 29, 2013.
The gross proceeds to the Company from the over-allotment option total
approximately $39,345,000. The net proceeds from the over-allotment
option will be used for working capital and general corporate purposes.
The offering was made through a syndicate of underwriters led by BMO
Capital Markets, RBC Capital Markets, UBS Securities Canada Inc. and
Citigroup Global Markets Canada Inc., acting as joint bookrunners, and
including Wells Fargo Securities LLC, CIBC World Markets Inc.,
Desjardins Securities Inc., Scotia Capital Inc., National Bank
Financial Inc. and Robert W. Baird & Co. Incorporated.
No securities regulatory authority has either approved or disapproved of
the contents of this press release. This press release does not
constitute an offer to sell or a solicitation of an offer to buy any
securities of the Company in any jurisdiction in which such offer,
solicitation or sale would be unlawful. These securities have not been
and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any U.S. state
securities laws and may not be offered or sold in the United States
except in compliance with the registration requirements of the U.S.
Securities Act and applicable U.S. state securities laws or pursuant to
an exemption therefrom.
BRP is a global leader in the design, development, manufacturing,
distribution and marketing of powersports vehicles. Distributed in
105 countries, its portfolio of brands and products includes Ski-Doo
and Lynx snowmobiles, Sea-Doo watercraft, Can-Am all-terrain and
side-by-side vehicles, Spyder roadsters, Evinrude outboard engines, as
well as Rotax propulsion systems. BRP employs approximately
6,800 people worldwide. The subordinate voting shares of BRP are listed
on the Toronto Stock Exchange under the symbol "DOO".
Sea-Doo, Ski-Doo, Spyder, Lynx, Evinrude, Can-Am, Rotax and the BRP logo
are trademarks of Bombardier Recreational Products Inc. (a subsidiary
of the Company) or its affiliates.
Certain statements in this press release, including statements relating
to the use of proceeds of the offering, the closing date of the
offering, the exercise of the over-allotment and the use of proceeds
thereof constitute forward-looking statements. The words "scheduled",
"may", "will", "would", "should", "could", "expects", "plans",
"intends", "trends", "indications", "anticipates", "believes",
"estimates", "predicts", "likely" or "potential" or the negative or
other variations of these words or other comparable words or phrases,
are intended to identify forward-looking statements.
Forward-looking statements are based on estimates and assumptions made
by the Company in light of its experience and perception of historical
trends, current conditions and expected future developments, as well as
other factors that the Company believes are appropriate and reasonable
in the circumstances, but there can be no assurance that such estimates
and assumptions will prove to be correct. In particular, the closing of
the offering and use of proceeds thereof is subject to customary
closing conditions and there can be no assurance that all such
conditions will be satisfied. Many factors could cause the Company's
actual results or affairs to differ materially from those expressed or
implied by the forward-looking statements, including, without
limitation, the factors discussed in the "Risk Factors" section of the
final base PREP prospectus available at www.sedar.com. These factors are not intended to represent a complete list of the
factors that could affect the Company; however, these factors should be
considered carefully. The forward-looking statements contained in this
press release are made as of the date of this press release, and the
Company has no intention and undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
applicable securities regulations.
For further information:
Vice-President, Communications and Public Affairs
Tel: 450.532.5100, ext. 5135