When will I receive the consideration for my MTS common shares?
You will receive the Consideration for your MTS common shares as soon as practicable after the plan of arrangement is completed, provided you have sent all of the necessary documentation to the Depositary. It is presently anticipated that the plan of arrangement will be completed late in 2016 or early 2017.
If you are a Registered Shareholder, you make an election to receive, in respect of your MTS common shares, either the Cash Consideration or the Share Consideration, by depositing with the Depositary, on or prior to the Election Deadline, a duly completed Letter of Transmittal and Election Form indicating your election, together with, as applicable, any MTS common share certificate(s).
If you are a Non-Registered Shareholder, you should carefully follow the instructions from the Intermediary that holds MTS common shares on your behalf.
The share consideration is based on BCE's 20-day volume weighted average price on April 29, 2016 (the last trading day prior to the announcement of the transaction) of $59.21.