Mach Announces $14.00 Per Share Offer to Purchase Shares of Transat

MONTRÉAL, Aug. 2, 2019 – Group Mach Acquisition Inc. (“Mach” or the “Offeror“), a wholly-owned subsidiary of Group Mach Inc., is pleased to announce an offer to purchase not less than 6,900,000 Class B Voting Shares (the “Shares“) of Transat A.T. Inc. (TSX: TRZ) (“Transat“), representing approximately 19.5% of the issued and outstanding Shares, at a price of $14.00 cash per Share (the “Purchase Price“).