Algoma Steel Group Inc. ASTL

expiry = 2022-07-27...Bid Circular (the “Circular”) and the related Letter of Transmittal and Notice of Guaranteed Delivery (which together constitute the “Offer”). The Offer will commence on the date set forth below and expire at 5:00 p.m. (Eastern time) on July 27, 2022, unless withdrawn, extended or varied by Algoma (such time on such date, the “Expiration Date”). Beneficial owners should be aware that their broker, dealer, commercial bank, trust company or other nominee may establish its own earlier dea...

listed = True...ety. See Schedule A. Cormark is independent of the Corporation in connection with the Offer for purposes of MI 61-101. Additional Securities Law Considerations Algoma is a reporting issuer (or the equivalent thereof) in the Province of Ontario, and the Shares are listed on the TSX and Nasdaq. Algoma believes that the purchase of Shares pursuant to the Offer will not result in: (i) Algoma ceasing to be a reporting issuer in the Province of Ontario or (ii) the Shares being delisted from the TSX or Nasdaq. The Shares are also registered under Section 12(b) of the Exchange Act. Algoma believes that the purchase of Sha...

mechanism = DUTCH...on of Shareholders who do not elect to tender. See “Issuer Bid Circular – Purpose and Effect of the Offer”. What will the Purchase Price for the Shares be and what will be the form of payment? We are conducting the Offer through a procedure commonly called a “modified Dutch auction”. This procedure allows Shareholders to select the price within a price range specified by Algoma at which Shareholders are willing to sell their Shares. The price range for the Offer is US$8.75 to US$10.25 per Share. We will select the lowest Purchase Price that will allow us to purchase the maximum number of Shares properly tendered an...

price = USD 8.75-10.25...representation to the contrary is an offence. June 21, 2022 OFFER TO PURCHASE FOR NOT MORE THAN US$400,000,000 IN CASH UP TO 45,714,285 OF ITS COMMON SHARES AT A PURCHASE PRICE OF NOT LESS THAN US$8.75 AND NOT MORE THAN US$10.25 PER COMMON SHARE Algoma Steel Group Inc. (“Algoma”, the “Corporation”, “we” or “us”) invites its shareholders (the “Shareholders”) to tender, for purchase and cancellation by the Corporation, common shares of the Corpor...

price = USD 9.75...expiry, subject to proration (as described below). Based on the preliminary count by the Depositary, Algoma expects to take up and purchase for cancellation 41,025,641 Shares at a purchase price of US$9.75 per Share for an aggregate purchase price of approximately US$400 million. The Shares expected to be purchased under the Offer represent approximately 27.9% of the issued and outstanding Shares at the time that the Offer was comm...

price = USD 9.75...ation”) today announced the final results of its substantial issuer bid (the “Offer”) under which it has purchased for cancellation 41,025,641 of its common shares (“Shares”) at a purchase price of US$9.75 per Share, for an aggregate purchase price of approximately US$400 million. Shares purchased under the Offer represent approximately 27.9% of the issued and outstanding Shares at the time that the Offer was commenced. Immediately...

threshold = 100...to be tendered) by the Successful Shareholders (with adjustments to avoid the purchase of fractional Shares), except that “Odd Lot” tenders will not be subject to pro-ration. See “Offer to Purchase – Number of Shares and Pro-Ration”. What do I do if I own an “Odd Lot” of Shares? If you beneficially own fewer than 100 Shares as of the Expiration Date and you tender all such Shares, we will accept for purchase, without pro-ration but otherwise subject to the terms and conditions of the Offer, all of your Shares tendered pursuant to an Auction Tender at or below the Purchase Price or pursuant to a Purchase Price Tender. You should check the appropriate place i...

txn_type = TENDER_OFFER...any securities regulatory authority nor has any securities regulatory authority passed upon the fairness or merits of the Offer or upon the adequacy of the information contained in this document. Any representation to the contrary is an offence. June 21, 2022 OFFER TO PURCHASE FOR NOT MORE THAN US$400,000,000 IN CASH UP TO 45,714,285 OF ITS COMMON SHARES AT A PURCHASE PRICE OF NOT LESS THAN US$8.75 AND NOT MORE THAN US$10.25 PER COMMON SHARE Algoma Steel Group Inc. (“Algoma”, the “Corporation”, “we” or “us”) invites its shareholders (the “Shareholders”) to tender, for purchase and cancellation by the Corporati...

txn_type = TENDER_OFFER...and BMO Capital Markets Corp. acted as dealer managers for the Offer and TSX Trust Company acted as the Depositary. Any questions regarding the Offer may be directed to the dealer managers or the Depositary. The full details of the Offer are described in the offer to purchase and issuer bid circular dated June 21, 2022, as well as the related letter of transmittal and notice of guaranteed delivery, copies of which were filed and are available under the Corporation’s profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. This news release is for informational purposes only and is not intended to and do...

txn_type = TENDER_OFFER.... Algoma Steel Inc. | 105 West Street, Sault Ste. Marie, ON, Canada P6A 7B4 | T: 705-945-2351 F: 705-945-2203 | algoma.com YOUR PARTNER IN STEEL. SINCE 1901 This news release is for informational purposes only and is not intended to and does not constitute an offer to purchase or the solicitation of an offer to sell Shares. ADVISORY REGARDING FORWARD-LOOKING STATEMENTS - This news release contains forward-looking statements or information (collectively, “forward-looking statements”) within the meaning of applicable securities legislation, including Section 27A of the Securities Act of 1933, as amended, and Sec...