You can buy Teck shares through a registered broker. Teck does not buy or sell shares directly.

Teck is authorized to issue an unlimited number of Class A common shares and Class B subordinate voting shares and an unlimited number of preference shares, issuable in series.

Class A common shares are listed on the Toronto Stock Exchange under the symbol TECK.A and carry the right to 100 votes per share. Class B subordinate voting shares are listed on the Toronto Stock Exchange under the symbol TECK.B and on the New York Stock Exchange under the symbol TECK and carry the right to one vote per share. Each Class A common share is convertible, at the option of the holder, into one Class B subordinate voting share. In all other respects, including dividend rights and the distribution of property upon dissolution or winding-up of the Company, the Class A common shares and Class B subordinate voting shares rank equally.

The attributes of the Class B subordinate voting shares contain so called “coattail” provisions, which provide that, in the event that an offer (an Exclusionary Offer) to purchase Class A common shares, which is required to be made to all or substantially all holders thereof, is not made concurrently with an offer to purchase Class B subordinate voting shares on identical terms, then each Class B subordinate voting share will be convertible into one Class A common share at the option of the holder during a certain period, provided that any Class A common shares received upon such conversion are deposited to the Exclusionary Offer. Any Class B subordinate voting shares converted into Class A common shares pursuant to such conversion right will automatically convert back to Class B subordinate voting shares in the event that any such shares are withdrawn from the Exclusionary Offer or are not otherwise ultimately taken up and paid for under the Exclusionary Offer.

The Class B subordinate voting shares will not be convertible in the event that holders of a majority of the Class A common shares (excluding those shares held by the offeror making the Exclusionary Offer) certify to Teck that they will not, among other things, tender their Class A common shares to the Exclusionary Offer.

If an offer to purchase Class A common shares does not, under applicable securities legislation or the requirements of any stock exchange having jurisdiction, constitute a “takeover bid” or is otherwise exempt from any requirement that such offer be made to all or substantially all holders of Class A common shares, the coattail provisions will not apply.

The above is a summary only. Reference should be made to the articles of Teck, a copy of which may be obtained on SEDAR at www.sedarplus.ca. Information regarding shares outstanding can be found in our most recent quarterly report.

On May 12, 2023 at 12:01 a.m., under the terms of a shareholder approved plan of arrangement, each Class A common share issued and outstanding on the record date of May 11, 2023, was exchanged for 1 new Class A common share and 0.67 of a Class B subordinate voting share. The new Class A common shares will automatically convert into Class B subordinate voting shares on May 12, 2029, at which time the Class B subordinate voting shares will be renamed “Common shares”.

May 12, 2023 – Implementation of the Dual Class Amendment Arrangement

Under the terms of the arrangement, each Class A common share issued and outstanding on the record date of May 11, 2023, was exchanged at 12:01 a.m. on May 12, 2023, for 1 new Class A common share and 0.67 of a Class B subordinate voting share.  Fractional shares were aggregated and sold, with cash proceeds distributed to Class A common shareholders as applicable (less appliable withholding taxes).  The new Class A common shares will automatically convert into Class B subordinate voting shares on May 12, 2029, at which time the Class B subordinate voting shares will be renamed “Common shares”.
 
The closing price of the Class A common shares on the TSX on May 11, 2023, was $96.55. The closing price of the Class B subordinate voting shares on the TSX on May 11, 2023, was $58.00. Teck estimates the proportion of the fair market value of the new Class A common share and the 0.67 Class B subordinate voting share received for each Class A common share to be 59.8% and 40.2%, respectively. Teck does not provide tax information about trading shares – please talk to your own tax or financial advisor. Your advisor can also help you calculate the cost basis of your shares for tax purposes. 

United States shareholders can find a copy of the Form 8937 here.

July 19, 2001 – Merger of Teck Corporation and Cominco Ltd.
Teck Resources Limited is the result of the merger of Teck Corporation and Cominco Ltd. In 2001

Cominco Ltd. Shareholders received 1.8 Teck Subordinate Voting Class B shares and $6 cash for each Cominco Ltd. Share, effective July 19, 2001 upon the merger. Teck Class B shares were valued at $12.60 per share on the date of the vote of the merger. The Common Shares were subdivided on a 2 for 1 basis on May 7, 2007, making the adjusted value $6.30.

Valuation Day Stock Prices (December 22, 1971)

October 30, 2008 – Teck Acquisition of Fording

Under the terms of the arrangement, unitholders of Fording received 0.245 of a Teck Class B subordinate voting share and cash in the amount of US$82.00 (less any amounts withheld on account of taxes) for each unit. The volume weighted average price of the Teck Class B subordinate voting shares on the NYSE for the ten trading days ended October 28, 2008 was US$11.71. Teck and Fording are using this price for purposes of valuing the arrangement consideration. Fording unitholders may find this information useful for tax purposes.

Dividend amount and payment dates for Teck's Class A common & Class B subordinate voting shares.

⁽¹⁾The amounts in this column have been adjusted to reflect the 2-for-1 share split approved at the Annual and Special Meeting of shareholders held on April 25, 2007.

⁽²⁾Dividends paid subsequent to December 31, 2005 are eligible for both the Federal and Provincial enhanced dividend tax credits.

Dividend reinvestment plan (DRIP)

Teck does not have a dividend reinvestment plan at this time.

Eligible dividends

Teck has designated all dividends since December 31, 2005, as eligible dividends.

United States federal income tax considerations for Canadian dividends 

Canadian dividends should be treated as foreign income. Complete the appropriate U.S. income tax form to request a credit for taxes paid on the dividend.

Teck is not a passive foreign investment company for U.S. taxpayers.

Teck does not provide tax information about trading shares – please talk to your own tax or financial advisor. Your advisor can also help you calculate the cost basis of your shares for tax purposes.

If you require any tax forms, please contact our transfer agent, TSX Trust Company for information.

TSX Trust Company
650 West Georgia Street, Suite 2700
Vancouver, BC V6B 4N9
Canada and United States (English & French): 1 800 387 0825
Outside North America: 416 682 3860
Fax: 604 696 9860
Inquiries: shareholderinquiries@tmx.com
Lost Certificates: lostcertificates@tmx.com
www.tsxtrust.com

If you have the original Teck share certificates

Contact our transfer agent,TSX Trust Company (formerly AST Trust Company (Canada)) to have them issue new Teck share certificates in your name. Contact information can be found below.

You will be asked to provide certain documentation, including the original share certificates, name and address of the deceased shareholder, number of shares held, date the shares were purchased, a letter from your lawyer, and other information as may be required to transfer the shares.

If the share certificates are for a company that Teck acquired

Contact our transfer agent TSX Trust Company (formerly AST Trust Company (Canada)) to find out what consideration you may be entitled to. You may, for example, be entitled to exchange the shares in that company for Teck shares. Note that there is often a time limit (usually six years) for exchanging shares.  You can find information related to certain exchanges in the answer to the next question.

TSX Trust Company
650 West Georgia Street, Suite 2700
Vancouver, BC V6B 4N9
Canada and United States (English & French): 1 800 387 0825
Outside North America: 416 682 3860
Fax: 604 696 9860
Inquiries: shareholderinquiries@tmx.com
Lost Certificates: lostcertificates@tmx.com
www.tsxtrust.com

If you were a Cominco shareholder or Fording unitholder

Under the terms of the court approved plans of arrangement that effected the acquisitions of Cominco and Fording, respectively, shares of Cominco and units of Fording were required to be submitted for exchange within 6 years of the closing of those transactions as noted below:

After the exchange deadlines noted above, the share or unit certificates for Cominco and Fording securities ceased to represent a right or claim of any kind and were deemed to be surrendered to Teck for no consideration.  Several attempts were made in the applicable 6 year period to contact holders of shares or units who had not yet exchanged them as required.  Further information regarding the Cominco and Fording acquisition transactions can be found on SEDAR at www.SEDAR.com.

If you hold shares of AQM Copper or another company that Teck or Cominco acquired

Call or email our transfer agent TSX Trust Company (formerly AST Trust Company (Canada)) to find out what consideration you may be entitled to.

TSX Trust Company
650 West Georgia Street, Suite 2700
Vancouver, BC V6B 4N9
Canada and United States (English & French): 1 800 387 0825
Outside North America: 416 682 3860
Fax: 604 696 9860
Inquiries: shareholderinquiries@tmx.com
Lost Certificates: lostcertificates@tmx.com
www.tsxtrust.com

If you were a registered shareholder of a company Teck or Cominco acquired you may, for example, be entitled to exchange your shares in that company for Teck shares. Note that there is often a time limit (usually six years) for exchanging shares, however, shares for certain legacy transactions remain outstanding and may still be exchangeable.  You will be asked to provide certain documentation relating to any applicable shareholdings.

The links below to Teck’s publicly filed historic prospectuses are provided for convenience and reference only, and nothing on this website constitutes an offer of securities for sale in any jurisdiction. None of the information in the prospectuses has been updated and you should not rely on the information contained in the prospectuses for any purpose.

¹ As at February 21, 2024

¹ As at February 21, 2024