Core Points - Western Forest Products Inc. announced the effective date for the consolidation of its common shares, which will be on July 24, 2025, at a ratio of one post-consolidation share for every 30 pre-consolidation shares [1][2] - The Toronto Stock Exchange has approved the Share Consolidation, and trading of the post-consolidation shares is expected to begin on July 28, 2025 [2] - The number of issued and outstanding common shares will decrease from approximately 316,745,557 to about 10,558,185 post-consolidation, subject to rounding adjustments [4] Share Consolidation Details - No fractional common shares will be issued; fractional interests will be rounded down or up based on their value [3] - Computershare Investor Services Inc. will act as the exchange agent for the Share Consolidation, providing registered shareholders with a letter of transmittal to facilitate the process [5] - Non-registered shareholders should consult their intermediaries for specific procedures related to the Share Consolidation [6] Company Overview - Western Forest Products is an integrated forest products company focused on a margin-driven log and lumber business, primarily operating in British Columbia and Washington State [8] - The company has a lumber capacity of 780 million board feet from six sawmills and operates four remanufacturing facilities and two glulam manufacturing facilities [8] - Western sources timber through long-term licenses, First Nations arrangements, and market purchases, supplemented by a wholesale program for specialty products [8]

Core Viewpoint - Western Forest Products Inc. has announced a share consolidation plan, converting every 30 pre-consolidation common shares into one post-consolidation common share, following shareholder approval at the Annual General and Special Meeting on May 7, 2025 [1][2]. Company Overview - Western Forest Products Inc. is an integrated forest products company focused on building a margin-oriented log and lumber business to compete in global softwood markets [4]. - The company operates primarily on the coast of British Columbia and Washington State, supplying high-value specialty forest products to worldwide markets [4]. - Western has a lumber capacity of 780 million board feet from six sawmills, along with four remanufacturing facilities and two glulam manufacturing facilities [4]. - Timber is sourced from long-term licenses, First Nations arrangements, and market purchases, supplemented by a wholesale program offering a comprehensive range of specialty products [4]. Share Consolidation Details - The company currently has 316,745,557 common shares issued and outstanding, which will be consolidated based on the announced ratio [2]. - Any fractional shares resulting from the consolidation will be rounded to the nearest whole number, as detailed in the Management Information Circular [2]. - The share consolidation is subject to final approval from the Toronto Stock Exchange and other regulatory requirements, with further details to be communicated later [3].

Group 1 - Western Forest Products Inc. announced the amendment and extension of its $250 million syndicated credit facility, with the maturity date extended to July 21, 2028 [1] - The credit facility remains subject to certain financial covenants, and the security provided under it remains unchanged [1] Group 2 - Western Forest Products is an integrated forest products company focused on building a margin-oriented log and lumber business to compete in global softwood markets [2] - The company operates primarily on the coast of British Columbia and Washington State, with a lumber capacity of 780 million board feet from six sawmills [2] - Western also operates four remanufacturing facilities and two glulam manufacturing facilities, sourcing timber from private lands, long-term licenses, First Nations arrangements, and market purchases [2]