Canadian Tire to hold Annual Meeting of Shareholders exclusively by electronic means due to COVID-19

TORONTO, April 16, 2020 /CNW/ - Canadian Tire Corporation, Limited (TSX:CTC, TSX:CTC.a) ("CTC") announced today that it will hold its upcoming Annual Meeting of Shareholders (the "Meeting") on May 7, 2020 at 10:00 a.m. (Eastern time) exclusively by electronic means, including via audio webcast and teleconference.

The decision to hold the Meeting by electronic means has been made in light of the recommendations and restrictions by authorities to address proactively the public health impact of COVID-19 (coronavirus) and to mitigate risks to the health and safety of our shareholders and the broader community. As a result of these recommendations and restrictions, it will not be possible to attend the Meeting in person. All shareholders of record as of the close of business on March 19, 2020, regardless of geographic location, will be able to listen to the audio webcast or teleconference, vote during the Meeting and submit questions.

An amended Notice of Meeting has been filed on SEDAR to reflect the changes to the format of the Meeting. With the exception of the Notice of Meeting, the previously distributed Management Information Circular dated March 12, 2020 (the "Circular") and accompanying proxy-related materials of CTC will not be updated to reflect this change and may continue to be used by shareholders to vote at the Meeting.

VOTING IN ADVANCE OF THE MEETING

Shareholders are strongly encouraged to vote in advance of the Meeting using one of the methods described in the voting instruction form or the proxy form accompanying the Circular.

PARTICIPATING AND VOTING DURING THE MEETING

Shareholders and guests will be able to listen to the Meeting via audio webcast through an online platform, which will be made accessible through CTC's website at www.ctcagm2020.com in advance of the Meeting (the "Online Platform"). Shareholders and guests may also listen to the Meeting via teleconference, with call-in details to be provided on our website in advance of the Meeting. Shareholders will be able to vote and submit questions at the Meeting through the Online Platform and other electronic means as follows:

• Non-registered beneficial shareholders (whose CTC shares are held indirectly through an intermediary such as a bank, trust company, securities broker or other intermediary) may listen to the audio webcast, vote their CTC shares and submit questions during the Meeting via the Online Platform by logging in using the Control Number on their voting instruction form. For non-registered beneficial shareholders that have voted in advance of the Meeting, logging in to the Online Platform as a "shareholder" and voting during the Meeting will revoke their previous voting instructions.
  
  
• Registered shareholders (whose CTC shares are registered in their name) may listen to the audio webcast through the Online Platform by logging in as a "guest". To vote their shares during the Meeting, registered shareholders must follow the online or telephone voting instructions outlined in their proxy form. Registered shareholders may vote their CTC shares during the Meeting until the Chairman announces that voting has closed. To submit questions during the Meeting, registered shareholders may email [email protected].

As in-person attendance at the Meeting will not be possible, shareholders should not appoint a proxyholder, other than the proxyholders named in the proxy form or voting instruction form (the "Management Nominees"), to participate and vote on their behalf at the Meeting. Shareholders that have appointed a proxyholder, other than the Management Nominees, should visit our website at www.ctcagm2020.com for more information.

CTC believes that the ability to participate in the Meeting in a meaningful way remains important despite the decision to hold this year's Meeting through electronic means. Shareholders will have substantially the same opportunity to submit questions on matters of business at the Meeting as in past years when the annual shareholders meeting was held in person.

For those that plan on accessing the Online Platform or teleconference, please allow ample time prior to the Meeting. The Meeting will begin promptly at 10:00 a.m. (Eastern time) on May 7, 2020, unless otherwise adjourned or postponed. Once logged in to the Online Platform, it is important to remain connected to the internet for the duration of the Meeting. Those encountering any technical difficulties during the login process or during the Meeting should call the technical support number that will be posted on the Online Platform log-in page.

To facilitate shareholders voting their CTC shares during the Meeting, CTC has waived the proxy cut-off time disclosed in the Circular.

Shareholders are encouraged to visit www.ctcagm2020.com for any further updates in advance of the Meeting. Please email us at [email protected] for any questions with respect to the Meeting.

ABOUT CANADIAN TIRE CORPORATION

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or "CTC", is a family of businesses that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark's, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; SportChek, Hockey Experts, Sports Experts, National Sports, Intersport and Atmosphere, which offer the best active wear brands; and Party City Canada, a leading, one-stop shopping destination for party supplies and seasonal celebrations. The more than 1,740 retail and gasoline outlets are supported and strengthened by CTC's Financial Services division and the tens of thousands of people employed across Canada and around the world by the Company and its local dealers, franchisees and petroleum retailers. In addition, CTC owns and operates Helly Hansen, a leading global brand in sportswear and workwear based in Oslo, Norway. For more information, visit Corp.CanadianTire.ca.

FOR MORE INFORMATION
Media: Jane Shaw, [phone], [email protected]
Investors: Lisa Greatrix, [phone], [email protected]

SOURCE CANADIAN TIRE CORPORATION, LIMITED

Related Links

http://www.canadiantire.ca