BRP Inc. (TSX:DOO) announces a share repurchase program. Under the substantial course issuer bid, the company will repurchase up to CAD 350 million worth of subordinate voting shares. The shares will be repurchased at a price not less than CAD 94 per share and not more than CAD 113 per share. Beaudier Inc., and 4338618 Canada Inc. have advised the company that they will make proportionate tenders in connection with the offer. The bid will be funded from a combination of cash on hand, drawings on existing credit facilities and subject to market conditions, the planned incremental term loan issuance. The shares repurchased under the bid will be cancelled. If the aggregate purchase price for shares tendered pursuant to the offer exceeds the maximum amount available for the offer, then the company will repurchase shares on pro rata basis, except for the odd lot shareholders. The bid is subject to regulatory approval. The bid will be valid till July 23, 2021, unless withdrawn, extended or varied by the company. As of June 14, 2021, the company has 40,100,015 shares and 43,891,671 multiple voting shares issued and outstanding.