MONTREAL, Dec. 15, 2017 /CNW Telbec/ - Quebecor Inc.
received approval from the Toronto Stock Exchange to amend its
normal course issuer bid (« NCIB ») in order to increase
the maximum number of Class B Subordinate Voting Shares (the
« Class B Shares ») that may be repurchased, being
4,000,000 Class B Shares (this number has been adjusted in order to
reflect the 2 for 1 stock split that occurred on November 15, 2017), representing 2.4% of the
Class B Shares issued and outstanding as of August 1st, 2017 (the reference date for the
NCIB), to 8,400,000 Class B Shares, representing approximately 9.9%
of the Class B Shares public float on the reference date. No other
terms of the NCIB have been amended.
Purchases under the NCIB began on August
15, 2017, will end no later than August 14, 2018, and are made through the
facilities of the Toronto Stock Exchange in accordance with its
requirements, or other alternative trading systems. Under its
current NCIB, as of December 13,
2017, the Corporation has repurchased 2,904,700 Class B
Shares, at a weighted-average price of $24.06.
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