CHC Helicopter Corporation Declares Special Dividend.ST. JOHN'S, Newfoundland--(BUSINESS WIRE)--July 23, 1998--CHC Helicopter Corporation (CHC CHC Chicago Cubs CHC Community Health Center CHC Chestnut Hill College (Philadelphia, Pennsylvania) CHC Congressional Hispanic Caucus CHC Community Health Council (UK National Health Service) ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : FLY.A and FLY.B; NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : FLYAF) announced today that its board of directors has declared a special dividend of $4.00 on each Class A Subordinate Voting Share and on each Class B Multiple Voting Noun 1. multiple voting - the act of voting in more than one place by the same person at the same election (illegal in U.S.) balloting, vote, voting, ballot - a choice that is made by counting the number of people in favor of each alternative; "there were only 17 Share. Such dividend will be paid on August 26, 1998 to shareholders of record as at the close of business on August 12, 1998. CHC has outstanding 613,044 share purchase warrants. Each such warrant currently entitles the holder thereof to purchase one Class A Subordinate Voting Share upon payment of the exercise price of $9.375. The warrants expire on December 15, 2000. Holders of warrants who exercise such warrants after the record date for the special dividend shall be entitled to receive one Class A Subordinate Voting Share and, subject to any applicable withholding taxes, a cash payment of $4.00 per share (representing the special dividend) for each warrant so exercised. CHC is a worldwide provider of helicopter transportation services and operates 219 light, medium and heavy helicopters across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. and around the world. The Company has 1150 employees.
CONTACT: CHC Helicopter Corporation, Newfoundland
Sylvain Allard, 709/570-0700
or
Jo Mark Zurel, 709/570-0700
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