Commences Initial Public Offering Of Its Ordinary Shares

CHC Group Ltd., the parent company of CHC Helicopter S.A., announced an initial public offering of 29,412,000 of its ordinary shares Monday, all of which will be offered by the company.

The IPO price is currently expected to be between $16 and $18 per share. To the extent that the underwriters sell more than the allotted ordinary shares, the underwriters will have the option to purchase up to an additional 4,411,800 ordinary shares from the company at the IPO price, less underwriting discounts.
 
The ordinary shares have been approved for listing on the New York Stock Exchange and, subject to the completion of the offering and compliance with certain conditions, will be traded under the symbol “HELI.” CHC expects to use the proceeds to repay certain CHC Helicopter debt and for general corporate purposes.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

CHC provides helicopter flight services to oil and gas companies and government search-and-rescue agencies, and helicopter maintenance, repair and overhaul services to organizations through the Heli-One segment. The company operates 238 aircraft in about 30 countries around the world.

FMI: www.sec.gov