AGT Food and Ingredients Inc., a Regina, Saskatchewan-based global leader in plant-based proteins and value-added processing of pulses, grains and staple foods, completed its return to the public markets through an initial public offering on the Toronto Stock Exchange under the symbol "AGTF". The offering consisted of a treasury offering of 18,478,212 common shares at a price of C$23.00 per share, generating gross proceeds to the Company of approximately C$425 million, together with a secondary offering of 1,065,288 common shares at the offering price for additional gross proceeds of approximately C$24.5 million, for total IPO gross proceeds of approximately C$449.5 million. The offering price was reduced from a marketed range of C$26.00 to C$30.00 per share. Concurrently with the IPO, certain affiliates of Fairfax Financial Holdings Limited, AGT's controlling shareholder, completed a private placement of 8,695,700 common shares at the offering price for additional gross proceeds of approximately C$200 million, bringing total gross proceeds to the Company to approximately C$625 million. An entity controlled by OMERS Administration Corporation and the Company also granted the underwriters a thirty-day over-allotment option to purchase up to an additional 2,931,500 common shares. The Company used the net proceeds, together with proceeds from the Fairfax private placement, to repay amounts outstanding under its prior bank facilities, materially deleveraging its balance sheet. AGT operates thirty-nine manufacturing facilities across five continents, supplying customers in 127 countries.