Savaria Corporation
TSX : SIS

Savaria Corporation

July 27, 2009 16:04 ET

Savaria Corporation: Mailing of French Translation of Issuer Bid and Notice of Extension

LAVAL, QUEBEC--(Marketwire - July 27, 2009) - Savaria Corporation ("Savaria" or the "Corporation") (TSX:SIS), the second largest company in the accessibility industry in North America, today announced that its offer for up to 4,000,000 common shares of the Corporation (14.8% of the issued and outstanding common shares) at a price of C$0.90 per share ("Issuer Bid') has been translated into French and mailed to Savaria's Quebec shareholders with a notice of extension.

The notice of extension amends the offer period of the original Issuer Bid dated June 25, 2009, by providing for a 35 day deposit period expiring on August 31, 2009. The notice of extension allows all Savaria shareholders sufficient time to properly evaluate the Issuer Bid following the mailing of the French language Issuer Bid offering documents.

Savaria Corporation (www.savariaconcord.com) is Canada's leader and the second largest accessibility company in North America. The Corporation designs, manufactures and distributes products meeting the needs of people with mobility challenges, primarily stairlifts, vertical and inclined platform lifts, as well as elevators for residential and commercial use. Through its subsidiary Van-Action (2005) Inc., Savaria also converts and adapts automotive vehicles for the disabled. Its sales rely on a network of some 600 retailers in North America. Savaria records approximately 60% of its sales outside Canada and employs some 400 people.

Contact Information

  • Savaria Corporation
    Marcel Bourassa
    Chairman of the Board, President and Chief Executive Officer
    1-800-931-5655
    or
    Savaria Corporation
    Helene Bernier, CA
    Vice-President, Finance
    1-800-931-5655
    www.savariaconcord.com