MONTREAL, Nov. 8, 2017 /CNW Telbec/ - The Board of
Directors of Quebecor Inc. (the « Corporation ») approved
a two-for-one split of its outstanding Class A Multiple Voting
Shares (the « Class A Shares ») and Class B Subordinate
Voting Shares (the « Class B Shares »). The Corporation
confirms that it has received the regulatory approval from the
Toronto Stock Exchange (« TSX ») with respect to the
stock split.
Accordingly, holders of Class A Shares and Class B Shares of the
Corporation will receive one additional share for each share owned
on the record date of November 15,
2017. The payment date will be Thursday, November 16, 2017, the date from which
the Corporation's transfer agent AST Trust Company (Canada) (« AST ») will send promptly
to registered shareholders residing in Canada a statement of Direct Registration
System indicating the number of additional Class A Shares or Class
B Shares, as the case may be, received as a result of the stock
split. The registered shareholders residing outside Canada will receive a physical share
certificate representing one additional share for each share held
as of such record date. In addition, AST will electronically issue
the appropriate number of Class A Shares and Class B Shares to CDS
& Co for distribution to the non-registered shareholders.
The TSX has determined to implement the « due bill »
trading procedure in connection with the split of the Class A
Shares and Class B Shares. A due bill is an entitlement attached to
listed securities undergoing a material corporate event, such as a
stock split. In this case, anyone purchasing a Class A Share or a
Class B Share of the Corporation during the period commencing one
trading day before the record date, being Tuesday, November 14, 2017, and ending on the
payment date, being Thursday, November 16,
2017 inclusively (the « due bill period »), will
receive the entitlement attached to such securities.
The Class A Shares and the Class B Shares will commence trading
on a « post-split » basis on Friday, November 17, 2017, as of which date
purchases of the Corporation's Class A Shares and Class B Shares
will no longer have an attaching entitlement. The due bill
redemption date is estimated to be Monday,
November 20, 2017.
About Quebecor
Quebecor, a Canadian leader in
telecommunications, entertainment, news media and culture, is one
of the best-performing integrated communications companies in the
industry. Driven by their determination to deliver the best
possible customer experience, all of Quebecor's subsidiaries and
brands are differentiated by their high-quality, multiplatform,
convergent products and services.
Quebecor (TSX: QBR.A, QBR.B) is headquartered in Québec. It
holds an 81.53% interest in Quebecor Media, which employs more than
10,000 people in Canada.
A family business founded in 1950, Quebecor is strongly
committed to the community. Every year, it actively supports more
than 400 organizations working in the vital fields of culture,
health, education, the environment and entrepreneurship.
Visit our website: www.quebecor.com
Follow us on Twitter: twitter.com/Quebecor
SOURCE Quebecor