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BRP Announces Terms of $250,000,000 Substantial Issuer Bid

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VALCOURT, QUEBEC, CANADA – March 30, 2022 – (Motor Sports NewsWire) – BRP Inc. (TSX: DOO, NASDAQ: DOOO) today announced the terms of its previously announced substantial issuer bid (the “Offer“) pursuant to which BRP plans to offer to purchase for cancellation up to $250 million of its subordinate voting shares (the “Shares“). All dollar amounts are in Canadian dollars.

The Offer will proceed by way of a “modified Dutch auction”. Holders of Shares and multiple voting shares wishing to tender to the Offer will be entitled to do so (i) by making an auction tender for a specified number of Shares at a price of not less than $103.00 and not more than $123.00 per Share in increments of $0.25 per Share; or (ii) by making a purchase price tender without specifying a price per Share, but rather agreeing to have a specified number of Shares purchased at the purchase price to be determined by the auction tenders. Shareholders who validly deposit Shares or multiple…

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