Dorel Announces Increase in Purchase Price for Going-Private Transaction - Seite 3

As previously announced, Dorel will hold a special meeting of shareholders in virtual-only format at 10 a.m. (eastern time) on February 16, 2021 (the “Special Meeting”) to vote on a resolution to approve the Arrangement (the “Arrangement Resolution”). The Board of Directors of Dorel, acting on the unanimous recommendation of the Special Committee, unanimously recommends (with Martin Schwartz, Alan Schwartz, Jeffrey Schwartz and Jeff Segel having recused themselves) that shareholders vote FOR the Arrangement Resolution. Shareholders are encouraged to vote well before the deadline of 5:00 p.m. (eastern time) on Friday, February 12, 2021.

The Arrangement Resolution must be approved by at least (i) 66 ^2/3% of the votes cast by Dorel shareholders present in person or represented by proxy at the Special Meeting and entitled to vote, voting as a single class, and (ii) a majority            (50% + 1) of the votes cast by holders of Class B Subordinate Voting Shares present in person or represented by proxy at the Special Meeting and entitled to vote, other than the Family Shareholders and their respective affiliates. Full details regarding the Special Meeting are contained in Dorel’s management information circular dated December 3, 2020 (the “Circular”) and the supplement thereto dated January 7, 2021 (the “Supplement”), both of which are available under Dorel’s profile on SEDAR at www.sedar.com and on Dorel’s website at www.dorel.com. The Arrangement is also subject to final approval by the Québec Superior Court.

Dorel shareholders are urged to read the Circular, including the Valuation annexed thereto at Appendix F, and the Supplement in their entirety. Information on the Arrangement, including updated FAQs and important documents, is also available at www.dorel.com.

How to VOTE on the Revised Arrangement or CHANGE YOUR VOTE

As set out in Dorel’s press release of January 7, 2021, the Supplement and related proxy materials, including a new proxy form or voting instruction form, as applicable, have been distributed to shareholders holding shares as of the close of business on January 7, 2021, the new record date for the Special Meeting. Shareholders who previously voted using the original proxy form or voting instruction form are required to vote again, using the new proxy form or voting instruction form, in order for their votes to be counted. Shareholders are asked to follow the instructions for voting by internet, telephone or mail set out in the new proxy form or voting instruction form.