Under this notice, Toromont is entitled to purchase up to 7,004,456 common shares representing 10% of its common shares in the public float (70,044,565 as of August 16, 2019) during the 12-month period commencing August 31, 2019 and ending
August 30, 2020. Toromont had 81,533,398 common shares issued and outstanding as at August 16, 2019.
The notice provides that Martinrea may, during the 12-month period commencing August 31, 2019 and ending
August 30, 2020, purchase up to 8,000,000 common shares in the capital of Martinrea ('Shares') in total, being approximately 10 percent of its public float.