Altus Group announces early redemption of 6.75% convertible debentures

On the Redemption Date, Altus Group will either pay holders that wish to redeem their Debentures a redemption price equal to $1,000 for each $1,000 principal amount of Debentures and all accrued and unpaid interest up to but excluding the Redemption Date or, for those holders opting to convert their Debentures, it will issue 100 common shares per $1,000 of principal amount of Debentures. Altus Group intends to use cash on hand to pay the redemption price of the redeemed Debentures.

However, assuming that all Debentures holders exercise their right to convert, 536,500 common shares will be issued from Treasury. Formal notice of redemption is being delivered to the Debenture holders through the Debenture Trustee, BNY Trust Company of Canada, in accordance with the trust indenture. Beneficial holders of the Debentures are encouraged to contact their investment dealer to coordinate the surrender of their Debentures or if they have any questions about the redemption. No action is required to be taken by holders of the Debentures if they wish to have their Debentures redeemed in cash.