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  • Savaria - Savaria Announces Exercise of Underwriter's Option for Private Placement
    Savaria Savaria savaria com is North America s leader in the accessibility industry focused on meeting the needs of people with mobility challenges Savaria designs manufactures installs and distributes primarily elevators for home and commercial use as well as stairlifts and vertical and inclined platform lifts In addition it converts and adapts wheelchair accessible automotive vehicles The diversity of its product line one of the world s most comprehensive enables Savaria to stand out by proposing an integrated and customized solution for its customers mobility needs Its operations in China have substantially grown and the collaboration with Savaria s other Canadian facilities increases its competitive edge in the market place Savaria records some 60 of its revenue outside Canada primarily in the United States It has a sales network of some 600 retailers in North America and employs some 360 people at its head office in Laval and at its plants and sales offices in Montreal Quebec Brampton and London Ontario Calgary Alberta and Huizhou China Forward Looking Statements This news release contains forward looking statements and other statements that are not historical facts including statements about the proposed closing of the Offering Such forward looking statements are subject to known and unknown risks uncertainties and assumptions that could cause actual results to vary materially from target results and the results or events predicted in these forward looking statements As a result investors are cautioned not to place undue reliance on these forward looking statements The forward looking statements contained in this news release are made as of the date of this release Except as required by applicable law Savaria disclaims any intention and assumes no obligation to update or revise any forward looking statements whether as a result of new information future events or otherwise Forward looking information reflects

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=underwriteroption (2016-02-16)
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  • Savaria - Savaria Announces $16,250,000 Bought Deal Private Placement
    April 15 2014 and is subject to certain conditions including the receipt of all necessary regulatory approvals The securities issued by Savaria in the Offering will be subject to a hold period of four months and one day in Canada calculated from the closing date of the Offering The Offering represents the possible issuance of up to 8 625 000 common shares assuming the exercise in full of the Option and after giving effect to the issuance of the common shares issuable upon exercise of the warrants comprised in the Units which represents approximately 36 of the 23 804 614 common shares issued and outstanding as of the date hereof Savaria does not anticipate that the completion of the Offering will have a material effect on its control or result in the creation of any new holder of 10 or more of the common shares Pursuant to the rules of the Toronto Stock Exchange the TSX shareholder approval must be obtained for private placements for an aggregate number of listed securities which is greater than 25 of the number of securities of the listed issuer which are outstanding on a non diluted basis prior to the date of closing of the transaction if the price per security is less than the market price As the aggregate number of common shares comprised in the Units and issuable further to the exercise of the warrants comprised in the Units exceeds 25 of the current number of issued and outstanding common shares Savaria intends to obtain the requisite shareholder approval by way of written consent in lieu of holding a shareholders meeting as permitted by Section 604d of the TSX Company Manual Savaria has been advised that Messrs Marcel Bourassa and Jean Marie Bourassa who together currently control directly or indirectly approximately 58 9 of the outstanding the common shares will consent to the issuance of common shares pursuant to the Offering This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States The securities being offered have not been nor will they be registered under the United States Securities Act of 1933 as amended and may not be offered or sold within the United States or to or for the account or benefit of U S persons absent U S registration or an applicable exemption from the U S registration requirements This release does not constitute an offer for sale of securities in the United States About Savaria Savaria savaria com is North America s leader in the accessibility industry focused on meeting the needs of people with mobility challenges Savaria designs manufactures installs and distributes primarily elevators for home and commercial use as well as stairlifts and vertical and inclined platform lifts In addition it converts and adapts wheelchair accessible automotive vehicles The diversity of its product line one of the world s most comprehensive enables Savaria to stand out by proposing an integrated and

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=privateplacement (2016-02-16)
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  • Savaria - Savaria Board of Directors approves an increase in Quarterly Dividend from 2 Cents to 3.5 Cents per Share
    from the President Our confidence in our ability to generate cash flow in the upcoming years enables us to change our quarterly dividend policy increasing it from 2 cents to 3 5 cents per share declared Marcel Bourassa President and Chief Executive Officer of Savaria Savaria Corporation savaria com is North America s leader in the accessibility industry focused on meeting the needs of people with mobility challenges Savaria designs manufactures installs and distributes primarily elevators for home and commercial use as well as stairlifts and vertical and inclined platform lifts In addition it converts and adapts minivans to be wheelchair accessible The diversity of its product line one of the world s most comprehensive enables the Corporation to stand out by proposing an integrated and customized solution for its customers mobility needs Its operations in China have substantially grown and the collaboration with Savaria s other Canadian facilities increases its competitive edge in the market place The Corporation records some 60 of its revenue outside Canada primarily in the United States It has a sales network of some 600 retailers in North America and employs some 360 people at its head office in Laval and at its plants and sales offices in Montreal Quebec Brampton and London Ontario Calgary Alberta and Huizhou China Forward looking statements Certain statements may constitute forward looking statements Such forward looking statements involve risks uncertainties and other factors which may cause actual results performance or achievements of the Corporation to be materially different from future results performance or achievements expressed or implied by such forward looking statements 30 For more information please contact Helene Bernier CA Vice President Finance helene bernier savaria com 1 800 931 5655 ext 248 www savaria com Marcel Bourassa Chairman of the Board President and Chief Executive Officer 1

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=dividend032014 (2016-02-16)
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  • Savaria - Savaria’s Best Year Ever!
    fiscal 2013 revenue is up 9 million or 13 5 from 66 7 million to 75 7 million Gross margin for the fourth quarter of 2013 is up 756 000 at 28 7 of revenue compared to 26 5 in the fourth quarter of 2012 For fiscal 2013 gross margin is up 4 2 million at 29 4 of revenue compared to 27 1 in 2012 This improvement is due to the increase in revenue and to the cost savings following the relocation of the Brampton plant in the building acquired in 2012 Operating income for the fourth quarter of 2013 is up 106 000 from 1 3 million in 2012 to 1 4 million in 2013 For fiscal 2013 operating income amounts to 7 5 million an increase of 4 6 million or 156 Net income for the fourth quarter of 2013 is up 173 000 from 952 000 in 2012 to 1 1 million in 2013 an increase of 18 2 For fiscal 2013 net income amounts to 5 3 million an increase of 3 7 million or 236 EBITDA for the fourth quarter of 2013 went from 1 8 million or 8 cents per share in 2012 to 2 million or 9 cents per share in 2013 an increase of 239 000 For fiscal 2013 EBITDA amounts to 9 5 million or 41 cents per share compared to 4 5 million or 19 cents per share in 2012 up by 5 million Dividend The Corporation s Board of Directors has declared a dividend of 13 cents 0 13 per share a 2 cents 0 02 fourth quarter dividend plus a special 11 cents 0 11 year end dividend The dividend is payable on April 7 2014 to shareholders of record of the Corporation at the close of business on March 24 2014 This is an eligible dividend within the meaning of the Income Tax Act Savaria Corporation savaria com is North America s leader in the accessibility industry focused on meeting the needs of people with mobility challenges Savaria designs manufactures installs and distributes primarily elevators for home and commercial use as well as stairlifts and vertical and inclined platform lifts In addition it converts and adapts minivans to be wheelchair accessible The diversity of its product line one of the world s most comprehensive enables the Corporation to stand out by proposing an integrated and customized solution for its customers mobility needs Its operations in China have substantially grown and the collaboration with Savaria s other Canadian facilities increases its competitive edge in the market place The Corporation records some 60 of its revenue outside Canada primarily in the United States It has a sales network of some 600 retailers in North America and employs some 360 people at its head office in Laval and at its plants and sales offices in Montreal Quebec Brampton and London Ontario Calgary Alberta and Huizhou China Compliance with International Financial Reporting Standards IFRS The information appearing in this press

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=Q4results2013best (2016-02-16)
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  • Savaria - Savaria Announces Quarter and Fiscal Year Ended December 31, 2013 Results Release Date
    on meeting the needs of people with mobility challenges Savaria designs manufactures installs and distributes primarily elevators for home and commercial use as well as stairlifts and vertical and inclined platform lifts In addition it converts and adapts wheelchair accessible automotive vehicles and offers scooters and motorized wheelchairs The diversity of its product line one of the world s most comprehensive enables the Corporation to stand out by proposing an integrated and customized solution for its customers mobility needs Its operations in China have substantially grown and the collaboration with Savaria s other Canadian facilities increases its competitive edge in the market place The Corporation records some 60 of its revenue outside Canada primarily in the United States It has a sales network of some 600 retailers in North America and employs some 360 people at its head office in Laval and at its plants in Montreal Quebec Brampton and London Ontario Calgary Alberta and Huizhou China 30 For more information please contact Hélène Bernier CPA CA Vice President Finance helene bernier savaria com 1 800 931 5655 ext 248 www savaria com Marcel Bourassa President and Chief Executive Officer marcel bourassa savaria com 1 800 661 5112 related information

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=Q4results2013 (2016-02-16)
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  • Savaria - Savaria Corporation Launches a Normal Course Issuer Bid
    iii of at least 20 board lots of shares which total 150 or more of the ADTV The normal course issuer bid will begin on February 1 2014 and will run until January 31 2015 at the latest These purchases are to be made through the facilities of the TSX in accordance with its requirements on normal course issuer bids The price which Savaria will pay for any common shares will be the market price at the time of acquisition plus brokerage fees Savaria has purchased 6 200 of its common shares at a weighted average price of 1 56 within the last twelve months pursuant to a normal course issuer bid which began on February 1 st 2013 and will terminate on January 31 st 2014 Savaria believes that the purchase of its shares may constitute an appropriate use of its available cash and therefore that the issuer bid is in the best interests of Savaria and its shareholders Savaria Corporation savaria com is North America s leader in the accessibility industry focused on meeting the needs of people with mobility challenges Savaria designs manufactures installs and distributes primarily elevators for home and commercial use as well as stairlifts and vertical and inclined platform lifts In addition it converts and adapts wheelchair accessible automotive vehicles and offers scooters and motorized wheelchairs The diversity of its product line one of the world s most comprehensive enables the Corporation to stand out by proposing an integrated and customized solution for its customers mobility needs Its operations in China have substantially grown and the collaboration with Savaria s other Canadian facilities increases its competitive edge in the market place The Corporation records some 60 of its revenue outside Canada primarily in the United States It has a sales network of some 600

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=issuerbid2014 (2016-02-16)
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  • Savaria - Savaria Introduces New Curved Stairlift
    system ensures that even the most complex staircases are precisely measured A series of staircase photos are migrated to a computer aided drawing system at Savaria that enables the company to produce and deliver a custom built rail system from its North American facility in a matter of weeks Installation by the Savaria dealer can usually be completed in a matter of hours Our investment in specialized equipment and software to produce Stairfriend came as a result of market demand More and more people are looking for mobility solutions that are easy to incorporate into their current home so they can stay in the home they love said Marcel Bourassa President and CEO of Savaria Stairfriend is battery powered with built in charging stations and has a capacity of 350 lbs Two seat styles are available and the entire unit is finished in light beige The rail can be built to provide an out of the way parking station and the seat and footrest fold up compactly to save space The Stairfriend can also be ordered to comply with commercial requirements in the US and Canada and is the first curved stairlift to be approved by the RBQ in Quebec Stairfriend is available through authorized Savaria dealers in the U S and Canada For more information to locate a nearby dealer or to watch an informational video visit Savaria com About Savaria Savaria is North America s leader in the accessibility industry Focused on meeting the needs of people with mobility challenges Savaria designs manufactures and distributes elevators for home and commercial use as well as stairlifts and platform lifts for vertical or inclined applications The company also builds wheelchair accessible minivan conversions The diversity of its product line one of the world s most comprehensive uniquely positions the company

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=stairfriend (2016-02-16)
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  • Savaria - Another record quarter for Savaria!
    nine months of 2013 revenue is up 7 7 million or 15 9 from 48 9 million to 56 6 million Gross margin for the third quarter of 2013 is up 1 7 million at 29 6 of revenue compared to 26 1 in the third quarter of 2012 For the first nine months of 2013 gross margin is up 3 4 million at 29 6 compared to 27 3 in 2012 This improvement is due to the increase in revenue and to the cost savings following the relocation of the Brampton plant in the building acquired in 2012 Operating income for the third quarter of 2013 is up 2 6 million from a loss of 135 000 in 2012 to a gain of 2 4 million in 2013 For the first nine months of 2013 operating income amounts to 6 1 million an increase of 4 4 million or 269 Net income for the third quarter of 2013 went from a loss of 425 000 in 2012 to a gain of 1 5 million in 2013 an increase of 1 9 million For the first nine months of 2013 net income amounts to 4 2 million increasing by 3 5 million EBITDA for the third quarter of 2013 went from 62 000 or 0 3 cent per share in 2012 to 2 7 million or 12 cents per share in 2013 an increase of 2 6 million For the first nine months of 2013 EBITDA amounts to 7 5 million or 32 cents per share compared to 2 7 million or 12 cents per share in 2012 up by 4 8 million Dividend The Corporation s Board of Directors has declared a dividend of 2 cents 0 02 per common share payable on December 9 2013 to shareholders of record of the Corporation at the close of business on November 25 2013 This is an eligible dividend within the meaning of the Income Tax Act Savaria Corporation savaria com is North America s leader in the accessibility industry focused on meeting the needs of people with mobility challenges Savaria designs manufactures installs and distributes primarily elevators for home and commercial use as well as stairlifts and vertical and inclined platform lifts In addition it converts and adapts wheelchair accessible automotive vehicles and offers scooters and motorized wheelchairs The diversity of its product line one of the world s most comprehensive enables the Corporation to stand out by proposing an integrated and customized solution for its customers mobility needs Its operations in China have substantially grown and the collaboration with Savaria s other Canadian facilities increases its competitive edge in the market place The Corporation records some 60 of its revenue outside Canada primarily in the United States It has a sales network of some 600 retailers in North America and employs some 360 people at its head office in Laval and at its plants in Montreal Quebec Brampton and London Ontario Calgary Alberta and Huizhou China Compliance with International

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=Q3results2013 (2016-02-16)
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